Banksy sets auction record with £18.5m sale of shredded painting
A partially shredded Banksy painting has sold for more than £18.5m at auction, a record for the street artist.
Love is in the Bin fetched £18,582,000 at Sotheby’s in London, selling for vastly more than its £4m-£6m guide price.
The artwork was the remains of the anonymous artist’s live destruction of his piece Girl with Balloon at the same auction house in a piece of performance art, which sold for £1m to an unnamed European woman in 2018.
Moments after the hammer fell at that auction, alarms sounded and the canvas dropped through a hidden shredder built into the bottom of the large Victorian-style frame.
The stunt left the bottom half in tatters and only a solitary red balloon left on a white background in the frame.
Alex Branczik, chairman …
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