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Wednesday, October 27, 2021

Shredded Banksy artwork sells for $25.4 million at auction

LONDON (AP) – A work by British street artist Banksy, which was sensationally self-shredded after being sold at auction three years ago, on Thursday fetched 18.5 million pounds ($25.4 million), a mark for the artist. record is.

“Love is in the Bin” was offered by Sotheby’s in London, with estimates ranging from £4 million to £6 million ($5.5 million to $8.2 million).

The selling price was more than three times the higher estimate.

The piece consists of a half-shredded canvas in an ornate frame with a spray-painted image of a girl reaching for a heart-shaped red balloon.

When it was last sold at Sotheby’s in October 2018, the piece was known as “Girl with the Balloon.” Just as an anonymous European buyer made the winning bid, a hidden shredder embedded in the frame by Banksy came to life, leaving half the canvas hanging from the frame in strips.

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Sotheby’s described the work created in the stunt as “the ultimate Banksy artwork”.

Banksy, who never confirmed his full identity, began his career spray-painting buildings in Bristol, England, and became one of the world’s best-known artists. His mischievous and often satirical images include two male police officers kissing, riot cops armed with yellow smiley faces, and a chimpanzee with a sign saying, “Laugh now, but one day I’ll be in charge.”

Many of his works have been sold at auction for crores. In March, a Banksy mural honoring UK health workers, previously painted on a hospital wall, sold at Christie’s auction for £16.8 million ($23.2 million), a record for the artist .

“The Girl with the Balloon” was originally stenciled on an east London wall and has been reproduced endlessly, becoming one of Banksy’s most famous images.

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