Banter Bites

Banksy – Going, Going, Gone?!

Normally, you shred important papers before trashing them … not expensive art after selling it.

BANTER BITE BACKSTORY: Red will admit that she's never been into art, except for the Tudor paintings section of the National Portrait Gallery in London, but that's because she loves Tudor history. And although she's been to plenty of art museums, they were more to "tick off" places on her tourist "to do" list than a genuine desire to see the art. That even includes the Mona Lisa at The Louvre in Paris! (When in Paris, Black was content to go to the Louvre-Rivoli Metro station as the platforms themselves were decorated with art replicas found inside the Louvre Museum.)

Black can't remember when she first became interested in contemporary art, although it went to a whole new level when her second husband asked her to acquire an investment-quality collection. In typical Black fashion, she not only researched the art market and worked with an art consultant, but became friends with several leading artists with whom she shared a mutual passion … cars and racing.


And, although the marriage did not last, and all the art was ultimately sold at auction (except for what she purchased from her ex), Black continued to follow the market. She was fascinated by the well-known, but mysterious, street artist Banksy, who made headlines in 2018 when his popular piece Girl With Balloon was purchased at a Sotheby's auction for $1.4 million. But Black explained to Red that it wasn't the price that made it so famous,

Literally, as the hammer fell, it quickly became "performance art" as part of the painting passed through a hidden shredder, leaving everyone shocked and speechless. It was pure Banksy genius. The anonymous purchaser proceeded with the sale (I cannot help but wonder if they were "in" on it) and ended up with a piece of art history.

That was an understatement, as the piece (renamed Love Is In The Bin) went on tour, and then on Thursday evening, it came up for auction again at Sotheby's and sold for $24.5 million, a record for the artist and close to 20 times its pre-shredded price. Meanwhile, Red couldn't help but think,

I may not "understand" contemporary art, but I respect not only its ingenuity and creativity but how it proves that "art is in the eye of the beholder." How you look at something can make all the difference. Because while I might have seen something destroyed, Black probably saw something created. And in that, there's a huge life lesson.

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