4 ms·
Plot twist: the buyer can now probably keep the frame + shreds and resell it for several times what they paid.
by rajacombinator 8y ago
Plot twist: the buyer can now probably keep the frame + shreds and resell it for several times what they paid.
- wmf 8y agoThe art isn't in the artifact.
- Dylan16807 8y agoA lot of it is, or nobody would have been buying to begin with.
- TeMPOraL 8y agoThe art isn't just in the artifact per se, it's in the causal history of it (and surrounding it), and the messages that can be interpreted from those histories. I wish we actually had two separate words for this - one for "art as in, I look at it and it looks moving", another for "art as in, the whole causal context of this work is interesting". Works are usually a mix of the two. Banksy's work was good in both categories, and just gained a lot in the latter. Compare to e.g. Mona Lisa, which is crap in the first category (both absolutely and relative to much better works that can be produced by anyone with a smartphone camera), and its whole value stems from the latter category - the history and context of the work.
- beautifulfreak 8y agoAntiques Roadshow calls it "provenance." Some works are worth more because of who has owned them.
- xevb3k 8y agoI assume they won’t actually have to pay? I’d guess whatever contract their is with the seller also requires that the art is delivered safely to the purchaser. I wonder what the message is here, or if there is a message beyond the publicity. I guess something about the art having no inherent value...
- Fricken 8y agoIt's now a part of art history, it would be a foolish move on the part of the buyer to not accept it. Banksy has reaffirmed why he's maybe the only contemporary visual artist today who counts as a household name. Although I guess we cuold debate whether he's first and foremost a visual artist, or a performance artist. The audacity of his stunts and trickery far outweigh the merits of his clever visual puns.
- xevb3k 8y agoIf that’s the case, I guess Banksy will be laughing even harder...
- godzillabrennus 8y agoWalked past one of his works on the upper west side of manhattan. I wouldn’t have known it was his except for the plaque put up next to the plastic barrier installed to protect it. Kind of crazy that the art is likely worth as much as the entire building it’s on. Although, this is Manhattan so who knows.
- icebraining 8y agoHis works in the Gaza strip are definitely worth more than the entire buildings.
- pcurve 8y ago“But is the work destroyed? Or is it transformed? Even Branczik isn’t sure. “You could argue that the work is now more valuable,” Branczik said. “It’s certainly the first piece to be spontaneously shredded as an auction ends.”
- chii 8y agosince information cannot be destroyed (at least, according to quantum physics), i argue it's transformed. And it's just as valuable transformed, if not more so.