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One of the most extraordinary things I have heard took place at Sotheby’s in London on October 5 after a picture by the mysterious Street artist Banksy sold at auction for £1m.

After the hammer fell to the successful buyer on Girl with a Balloon, a noise started and the audience watched as a shredder within the picture’s frame proceeded to destroy it. To some people this was another inspired and sensational move by one of the art world’s bad boys as he thumbed his nose at the establishment. All very entertaining in its own way, I suppose.

However, it’s worth remembering that a lot of people would have put a great deal of time, effort and money into preparing the picture for auction, publicising it, and attracting bidders. What about them? Is Banksy going to compensate them and the auction house for lost fees? What about the buyer, who thought enough of the artist to make a £1m bid? Should they be treated with contempt in this way? Or is Banksy the only one allowed to make money out of his art, regardless of all the help and support he has along the way from others? If he doesn’t like his art being exploited financially, I suppose the simply answer would be not to sell it in the first place.

As a piece of theatre, I’m sure the shredding of a £1m artwork at the point of sale makes for a memorable occasion, but as a self-indulgent act at the expense of others, I’m not sure how admirable it is.