Paintings don't sell because someone likes it and wants to pay 25 million dollars for it, most of the time it is to deduct that 25 million from their taxes. It is a huge loophole
@@helbergalinda9141 A famous grafitty artist, whose face nobody has ever seen. Face it, nobody knows if Banksy is even a certain person, or various people who have done art in his/her name. The name Banksy has gotten popularity thanks to media and now rich people use it to make money.
@@maythesciencebewithyou umm? Okay? There’s been a couple of times people have actually seen him. That being besides the point. What does his face ultimately have anything to do with money laundering in any way??
Wow a girl with a balloon truly symbolic 😍. Ok seriously this is what I'm learning in fine art and it's freaking annoying I just wanna do art I never wanted to become a big brain art critic
I'm a professional game artist and got a B in Alevel fine art lol. Fine art world is so pretentious and disgusting tbh. I only really find other commercial artists in the game, film and animation industries impressive. They're the real pioneers of our time creating art thats never been done before.
This is what happens once "art" started getting corporatized in the 70s. It is one of the greatest ways corporate criminals and others of their ilk launder money thru making meaningless junk about investment instead of content and quality.
Oh you don't think a black and white girl on a white background holding a red heart balloon is worth 25 million? Even though it's half shredded!? YoU dOn'T know art my friend! lol
Incase everyone is confused, the auction is similar to buying a good car, but that good car is only 1, and you have the money to buy it! You guys shouldn't judge what others want
If that was the intention then the shredding wouldn't have stopped at the middle where you can still conveniently hang it in an museum as an truly unique piece. If he wanted it not sold he would have shredded it completely.
@@QueenOfDarknes5 the mechanism failed halfway through. It is extraordinarily difficult to hide a good quality shredder in a frame like that. He literally had to build the whole thing from scrap and didn't have enough time to make several prototypes to test.
So the most prestigious auction hall didn’t take the time to take apart said art to verify and then proceeded to launder more money than expected. Shocker. I’m more offended they actually think I’m that stupid.
Lmao. Gotta love how the auction house is like "ooooh nooooo, we had no idea this would happen....who knew a painting weighing this much could have a mechanism hidden inside it...."
The likely why the art piece skyrocketed is due to the marketing that was put onto the art piece. That art piece was already gonna go for $1.4 mill without marketing, but after it went viral as well after the destruction and world tour, it gained pop-culture status. Sometimes things become infamous like PETE TOWNSHEND THE WHO SMASHED & SIGNED 1965 FENDER STRATOCASTER GUITAR SMASHER is worth $80K after it got smashed. His art puts the "Bank" in Banksy
This art piece captivates the ingenious of banks it’s not about the physical aesthetic. It’s about banksy and the stunt he pulled off. It’s become more valuable because it’s become more meaningful thus more sought after.
of course it costs more. It has a crazy concept and story to it. plus the "happy little accident" in that the shredder broke so only half of the painting was shredded.
Absolutely no one spends 25 million on this so-called art if their money was earned honestly. Because honest people understand the value of 25 million dollars
It might've devalued if the shedder completely destroyed the painting and turned it to strips as planned. But because it caught halfway and left as a visible, one-of-a-kind statement, it became priceless.
If it wasn’t for the fact such an incredibly valuable and stunning piece of art was being offered One might think this was a clever way to “invest” that extra few million lying around.
Even thought this was intentionally done theirs a video of him building the frame, he went their knowing that nobody would not know Banksy is sitting with groups of people who were trying to buy "love is in the air" until 8t got shredded, I belive he posted a tweet about, art shouldn't be used as a token and that it should be respectfully left where it if.
The artist wanted to re-create the feelings the little girl had when her balloon flew away. But that's just my own opinion anyway and i think he did a wonderful job.
I struggle to pay my bills, put food on the table. I cant even afford a small holiday. If i had all the money in the word i still wouldnt spend more than £50 on wall art.
Who own this painting? I dont think it was anyone's to sell. Rich people take what they want. Banksy made a point. Good way to prove his point. And no matter the value now, it was better before destroyed.
Artist : "I don't want my art sold like its some regular product! Il shred it the moment its sold Critics giving deep interpretation to anything : WOAH! THIS IS WORTH WAY MORE!!
I cannot believe one can be a celebrity and remain anonymous in this day and age. I think Banksy may be a nonentity, or even a group of artists who created a profitable scam. I mean how the hell would you even verify that a Banksy is a Banksy when the real Banksy won't step forward to refute a forgery?
Imagine the work that goes into building a mansion worth $24mil or a hypercar worth $3mil. So why the heck would one buy a shredded painting for that ridiculous price.
Rarity (1 of a kind). Perceived value (or resale value). Billionaires can't spend all their money. It doesn't make sense to us because we can't imagine what it's like to have endless money to the point where value/workmanship or other things most people value simply don't matter. When you're so wealthy , I imagine you develop a "What matters is that I have it and nobody else" mentality.
Banksy did not go all the way. If he really wanted to destroy the art, he could have built any number of devices. The shredder preserved the overall aesthetic of the art, and it didn't even shred all the way - it is still a mountable work of art in the end. Banksy clearly wanted to preserve it, and knew that it would increase in value (he knows the art world quite well by now).
Critics: "This is extraordinary!"
Banksy: *destroys painting*
Critics: "This is extraordinary!"
Lmao,
*painting falls down a cliff and gets shattered*
Critics: ART AT IT’S FINEST
While real artists that know how to paint get ignored. Banksy must rely on stunts to be relevant.
Fantano: *Light to decent 6*
@@morganslifestylevideos3344 yeah well he smart isn't he stencil art made him rich
@@pineapplesideways3820 I am wealthy Not rich. There's only so much you can buy before you have nothing to spend it on.. So meh..
This goes to prove that the world of fine art is a joke and just a way of money laundering
WHITE PEOPLE...
Banksy shredded it because he didn't want it to be sold but these idiots still found a way to capitalize off it.
@@brett8460 they could've donated it to a random person and it'd probably be in better hands
@@gosuckone5637 Gulf Arabs do it too
its just a squid game.
Who knew a broken painting was worth more than one in good condition.
Banksy…
Banksy
It’s because it was a huge ordeal
Its not.
shredded. a piece of paper can't be broken
Banksy just wanna prove that the auction world is just a joke.
Who ever bought that is a joke lol
You clearly don’t know why rich people buy these paintings .
@@shukrantpatil why do they?
@@bucket8879 it’s has to do with rich tax stuff .
Money laundering scheme
Banksy is proving, the world's gone mad. That will be the next painting, Mark my words 🎨🤣
Paintings don't sell because someone likes it and wants to pay 25 million dollars for it, most of the time it is to deduct that 25 million from their taxes. It is a huge loophole
This is nothing....people steal walls just for his art 🤦♂️
They're still paying 25 million dollars
@@emilegriffith1473 so what it’s not even that much I seen people pay more for a painting.
Tbh a true artist doesnt frickin sell their art at a high price especially when there wasnt that much hardwork into the making
gets burned and turned to ashes
pile of ashes: *exists*
critics: "This is extraordinary"
incinerates it to air
air exists
critics : "This is extraordinary"
@@wesbeplayin more like calculated inflation
ashes sell for 100m
It boggles my mind how some people can have so much money,but so little common sense
LOL maybe its the other way around ...
@@mouzz haaaa..could be,😉
Idk it’s a cool piece of art.
@@Camibug worth 25 million? I would pay $100 tops
Just say you don’t know what its like to have bragging rights.
The only bad part about this is that banksy doesn't see any of that money.
its never about the money
@@legendleonard everything is about money
@@legendleonard we know it's not but the artist should at least see some of that. It's his work after all.
he does not care
Why not?
Think about how simple the art is and how we know nothing about Banksy. It’s the perfect front for money laundering
You know nothing about banksy he’s the most famous graffiti artist out there.
@@helbergalinda9141 shut it encyclopedia.
@@helbergalinda9141 A famous grafitty artist, whose face nobody has ever seen. Face it, nobody knows if Banksy is even a certain person, or various people who have done art in his/her name. The name Banksy has gotten popularity thanks to media and now rich people use it to make money.
@@maythesciencebewithyou umm? Okay? There’s been a couple of times people have actually seen him. That being besides the point. What does his face ultimately have anything to do with money laundering in any way??
Pretty sure none of the money goes to him
This just proves Banksy’s point even more 😕
The real question is: when will the art world know that art is subjective?
Just about as soon as Americans learn how subjective freedom is.
Especially any art from Banksy . He stamped a girl on a white sheet of paper and had the nerve to call it a painting .
@@glockseventeen233 Matisse would roll over in his grave seeing someone not even using their own stencils, lol!🖼
Wow a girl with a balloon truly symbolic 😍. Ok seriously this is what I'm learning in fine art and it's freaking annoying I just wanna do art I never wanted to become a big brain art critic
@@breakingames7772 it's subjective OK bud? What the hell does being Liberal have to do with this keep politics out of stuff that isn't political
I'll never understand why art like this fetches such a high price
It’s retarded
Just an ego thing…
Money laundering for the rich to evade taxes.
@@JohnSmith-vl1jj exactly. nothing more.
Tax evasion and hiding wealth.
"If someone nails two pieces of wood together, that have never been nailed that way before, some schmuck will buy it." ~ George Carlin
This whole stunt might have to be my favorite work of art they've done. Couldn't believe it was real.
Me in art class at school:
Me: paints a great painting
Teacher: B+!
Me: punches a hole into the middle of the painting
Teacher: A+!
lol haha
I'm a professional game artist and got a B in Alevel fine art lol. Fine art world is so pretentious and disgusting tbh. I only really find other commercial artists in the game, film and animation industries impressive. They're the real pioneers of our time creating art thats never been done before.
There must’ve been a moment right after it was sold this time where everyone held their breaths and stared at the art intensely 👀
This guy is a legend! Putting a shredder in a frame is just genius! 😂
The seller and the buyers knows each other , don't fall for it , you're the target
This is what happens once "art" started getting corporatized in the 70s. It is one of the greatest ways corporate criminals and others of their ilk launder money thru making meaningless junk about investment instead of content and quality.
Oh you don't think a black and white girl on a white background holding a red heart balloon is worth 25 million? Even though it's half shredded!? YoU dOn'T know art my friend! lol
Incase everyone is confused, the auction is similar to buying a good car, but that good car is only 1, and you have the money to buy it! You guys shouldn't judge what others want
Facts
You saying if I draw a girl with a balloon and shred haft of the paper I can sell it for 25.2 million dollar?
It's spray paint through a stencil.. it's not even an only copy..
If ur popular then yes
Crazy how a single piece of art can buy you multiple mansions.
У нас в Москве в моем загородном районе,ты и один по настоящему хороший особняк за столько не купишь)
…they shredded it for a reason. They didn’t want it to be sold and the people should’ve respected that…
If that was the intention then the shredding wouldn't have stopped at the middle where you can still conveniently hang it in an museum as an truly unique piece.
If he wanted it not sold he would have shredded it completely.
@@QueenOfDarknes5 the mechanism failed halfway through. It is extraordinarily difficult to hide a good quality shredder in a frame like that. He literally had to build the whole thing from scrap and didn't have enough time to make several prototypes to test.
So the most prestigious auction hall didn’t take the time to take apart said art to verify and then proceeded to launder more money than expected. Shocker. I’m more offended they actually think I’m that stupid.
Plot Twist : He shredded it half way on purpose, Now hes gonna shred the rest of it when the buyer gets it home! 😂😂
Lol. Right.
Then the value of the art triples.
@@liliumjade LOL
Lmao. Gotta love how the auction house is like "ooooh nooooo, we had no idea this would happen....who knew a painting weighing this much could have a mechanism hidden inside it...."
I'll put a can of sardines and hope I'll get 20mil in Auction
If they( Rich, or international criminals)want to launder money thru slurping sardines, then you'll get your 20 million.
Share some with me man. I'm going through it rn
I do one better how about caviar
I don't like banksy. This was just another one of his stunts🙄
Some rich guy bought an invisible sculpture a little while ago.. so You can eat the sardines and sell invisible sardines instead..? 😂/😭
a painting with a great meaning and message is valuable
a painting with this kind of story behind it is one of a kind
The likely why the art piece skyrocketed is due to the marketing that was put onto the art piece. That art piece was already gonna go for $1.4 mill without marketing, but after it went viral as well after the destruction and world tour, it gained pop-culture status.
Sometimes things become infamous like PETE TOWNSHEND THE WHO SMASHED & SIGNED 1965 FENDER STRATOCASTER GUITAR SMASHER is worth $80K after it got smashed.
His art puts the "Bank" in Banksy
This art piece captivates the ingenious of banks it’s not about the physical aesthetic. It’s about banksy and the stunt he pulled off. It’s become more valuable because it’s become more meaningful thus more sought after.
Such art is so trash
of course it costs more. It has a crazy concept and story to it. plus the "happy little accident" in that the shredder broke so only half of the painting was shredded.
This proves it.. some people really have too much money! 25,4M!
Lol insane world we live in
@@ZealousPower Totally!..
Surely this wasn't a PR stunt to quadruple the bid price.
BABY HOW DO I LOOK, HOW DO I LOOK
The more its shredded, the more valuable it becomes.
- Rich People Logic
Can i buy it on Amazon?
nevies?? where u at?
25 mill for them is probably 2,500 for us in comparison.
25 mill put in art for them is 25 mill saved in taxes
Whoever filmed the video and stopped recording as people reacted is the real villain.
Imagine seeing someone who needs money but instead of helping him or her you choose to buy an art that has no meaning at all.
If someone has a few million dollars to spend and have earned it honestly why would you care how they spend it?
That’s THEIR business, not yours!
man you really think they buy it to look at it idiot? they use it as a form of tax evasion and to protect assets from being taxed
Absolutely no one spends 25 million on this so-called art if their money was earned honestly. Because honest people understand the value of 25 million dollars
0:08 she looks like that one teacher we’ve all seen in Elementary School 😂😂
I look at my 2 year olds painting and I know he just needs a shredder to be world renowned painter.
It might've devalued if the shedder completely destroyed the painting and turned it to strips as planned. But because it caught halfway and left as a visible, one-of-a-kind statement, it became priceless.
If it wasn’t for the fact such an incredibly valuable and stunning piece of art was being offered One might think this was a clever way to “invest” that extra few million lying around.
Whoever did the stunt is the master of pranks. See people's reactions to your art being shredded and raise its value. Win-win 😎
Because of the economic crisis and the rate of unemployment, now is the best time to invest and make money 💯
I wanted to trade crypto but got confused by the fluctuations in price
@young vezl he's available on what's app
†❶❻❹❻❺❹❸❽❾❷⓿🇱🇷☎️
@@deanaustine7373 Wow....Thanks for his contact info, I'll get to him right away
Yeah Trading without a professional like Expert Harrison is like gambling with your money
So it's going to be a next auction? I wonder what will happen there. Will it shred the remaining part, or burn, explode, or annihilate?
Even thought this was intentionally done theirs a video of him building the frame, he went their knowing that nobody would not know Banksy is sitting with groups of people who were trying to buy "love is in the air" until 8t got shredded, I belive he posted a tweet about, art shouldn't be used as a token and that it should be respectfully left where it if.
Every year art become weirder and weirder😂😂
"I'm going to destroy to show to this idiots how I can destroy their dreams"
Shredding.... Now values 3 Times more!
"Nooooooo"
The artist wanted to re-create the feelings the little girl had when her balloon flew away. But that's just my own opinion anyway and i think he did a wonderful job.
One of my chemistry teachers had this painting as a tattoo on her left wrist.
"Stop critiquing me okay! I'm a human being.. I'm not a piece of art"
Critiques: "Bravo!!"
He doesn't get any of the profits. That should be the most frustrating part of this peice.
We had Leonardo, Donatello, Michelangelo and Rafael. Now their archenemy: Shredder!
here from gidle
Banksy: I protest...
Auctioneer: No, you're not.
I struggle to pay my bills, put food on the table. I cant even afford a small holiday. If i had all the money in the word i still wouldnt spend more than £50 on wall art.
So banksy was in the auction room?
Biggest scam ever
I can’t imagine being so rich that I have nothing better to do with my money then blow it all on priceless artwork.
Honestly I've seen way more talented true artist on TH-cam channels than this. ⭐✨
If he really wanted to shred it, he would've shredded the whole picture.
you don't know
Such a legend. What an idea, executed perfectly.
I’d sure that 2 guys carrying that painting would be happy CUZ THEY CARRIED A 25M ITEM!
So much for a painting.
So little for humanity.
Uh this is wasn't about humanity
Well humanity got a lot more. But you can not change the reality of poverty.
I guess this is why AI will never replace artists. Because it just does reasonable things
Never underestimate money laundering.
Who own this painting? I dont think it was anyone's to sell. Rich people take what they want. Banksy made a point. Good way to prove his point. And no matter the value now, it was better before destroyed.
I love how this is the exact opposite of what he wanted 😂
Which is what he wanted
Artist : "I don't want my art sold like its some regular product! Il shred it the moment its sold
Critics giving deep interpretation to anything : WOAH! THIS IS WORTH WAY MORE!!
I cannot believe one can be a celebrity and remain anonymous in this day and age. I think Banksy may be a nonentity, or even a group of artists who created a profitable scam. I mean how the hell would you even verify that a Banksy is a Banksy when the real Banksy won't step forward to refute a forgery?
banksy shreds art
people; ohh more art
Yet the hungry starve to death and the rich get richer.
Was my thought also. Thinking how many people they could have fed with the money they wasted on this trash.
I actually had to write an essay for an exam about this, what art actually is and how to trick the art market
I think it would have been worse if it actually went through all the way instead of falling only halfway though.
Know1 asking the right question.
How or why did it stop.
Imagine the work that goes into building a mansion worth $24mil or a hypercar worth $3mil. So why the heck would one buy a shredded painting for that ridiculous price.
Rarity (1 of a kind). Perceived value (or resale value). Billionaires can't spend all their money. It doesn't make sense to us because we can't imagine what it's like to have endless money to the point where value/workmanship or other things most people value simply don't matter. When you're so wealthy , I imagine you develop a "What matters is that I have it and nobody else" mentality.
Yeah,it is worth more now! He wanted to show how gready the auctionworld is and he gived them exactly what they wanted.
Unsurprisingly art is a method of wealth storage, transfer, and money laundering for rich people.
Me: who the fawknis Banksy? A bank or a person?
???
Banksy did not go all the way. If he really wanted to destroy the art, he could have built any number of devices. The shredder preserved the overall aesthetic of the art, and it didn't even shred all the way - it is still a mountable work of art in the end. Banksy clearly wanted to preserve it, and knew that it would increase in value (he knows the art world quite well by now).
This cost nothing compared to a NFT art that just sold for over 5 billion dollars.
Banksy: "THAT'S NOT HOW YOU'RE SUPPOSED TO PLAY THE GAME"
Capitalism...Will try to sell water to someone dying of thirst.
umm... I think your analogy is wrong here.
@@anonymousreviewer169 It is not. It highlights Greed, Greed is one of the core ideas of Capitalism.
Person buying paintings: him what can I buy for tax reduction and to get rid of all this dirty money
So is the buyer? Inquiring minds would like to know.
He is absolutely brilliant.
Whoever bought that painting at 1.4 million, made a good investment 👌
Ah I never thought of that, it was an incredible accidental investment tho. Imagine getting 24mil from doing basically nothing lol
If you have 25 mil.
You can buy house to Cali worth 2 or 3 Mil. House and you can buy a car and the rest put it in a bank ask a financial advisor.
"The spectacle regenerates itself" G Debord, Society of the Spectacle
Bansky is the best art troll xD
Plot twist: The frame also has a flame thrower built in and takes out museum while on tour
How did it shred by its self I’m curious ?
Artist: Shreds painting to prevent from being sold
Auctioneers: Sells it for 10 Times more
No artist can make an elaborate ruse without anyone else knowing.
It looks like it should stay in the bin. "A sucker is born every minute." So true!
More accurately, when will the art world learn to NEVER underestimate the intelligence of art collectors!
Its ironic that everything he does to prove a point makes the art more "Artistic"
thats an artist for ya, 1000IQ