Banksy’s artwork known as “Girl With Balloon” was sold for $1.4 million at Sotheby’s in October 2018. Just as an anonymous buyer made the winning bid, a shredder that was hidden, embedded in the frame by Banksy activated, leaving half of the canvas shredded hanging from the picture frame. That artwork, now known as “Love is in the Bin,” is up for sale again, but for several times more than the original price.
The buyer who still went through with their purchase despite half of the art being shredded will soon be vindicated in their choice as auctioneer, Sotheby’s, said on Friday that “Love is in the Bin” will be offered at a sale in London on October 14th. The piece has a pre-sale estimate of 4 million pounds to 6 million ($5.5 million to $8.3 million). Alex Branczik, chairman of Modern and Contemporary Art at Sotheby’s describes the artwork as “the ultimate Banksy artwork and a true icon of recent art history.”
“When ‘Girl With Balloon’ ‘self-destructed’ in our saleroom, Banksy sparked a global sensation that has since become a cultural phenomenon,” says Branczik about Banksy shredding the artwork. “Girl With Balloon” is one of Banksy’s most well-known images. It consists of a girl reaching out for a heart-shaped balloon and originally stenciled on a wall in east London and has been reproduced all over the world. According to AP News, you can see “Love is in the Bin” as the artwork will travel and go on public display in London, Hong Kong, Taipei and New York before it gets sold next month.
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