Banksy’s Hanky-Panky at Sotheby’s, Part II: Can You Create a New Work by Shredding an Old One?

While Banksy’s prank has become the talk of the art world, there’s no consensus about what to make of it. People’s interpretations of the deeper significance (or lack thereof) of Banksy’s provocation are colored by how they regard the perpetrator, the art market in general and the auction market in particular.