Banksy's Shredded Painting Sells for Artist Record of $25.4 Million

  • October 14, 2021 21:09

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Banksy, Love is in the Bin.
A Banksy painting that partially self-destructed on the auction block three years ago has sold again, for a record £18.5 million ($25.4 million).
"Love is in the Bin," formerly titled "Girl with the Balloon," sold at Sotheby's Contemporary Art evening sale in London on Thursday to an unidentified buyer, who can pay in cryptocurrency. The work achieved the artist's auction record, overtaking last year's sale of "Game Changer" for £16.7 million ($23.1 million) to benefit UK hospitals.
The halfway shredded "Love is in the Bin" had a high estimate of £6 million ($8.3 million), six times its previous sale price of £1 million ($1.4 million). That sale in 2018 jolted those on the Sotheby's showroom floor and went viral when the painting activated, sliding through a built-in shredder in its frame at the end of the bidding. Sotheby's said in a statement that the shredding was a surprise to auction officials, too.

Read more at NPR


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