Winning bidder says she will pay for Banksy painting that shredded itself

Banksy painting self-shreds after selling at auction for $1.4 million

Banksy painting self-shreds after selling at auction for $1.4 million

Girl With a Balloon (2006), which appeared to shred itself as the gavel banged down on the final lot of the night, has been designated a new work altogether, with Banksy renaming it Love Is In the Bin (2018).

The auction house said a female European collector was the successful bidder, agreeing to pay 1.04 million pounds ($1.8 million Cdn) for Girl with Balloon.

In the statement, Banksy's former gallerist Steve Lazarides shut down any further speculation that the stunt was done in collaboration with the auction house.

"A few years ago I secretly built a shredder into a painting in case it was ever put up for auction", the anonymous artist explained in videos he posted the same day on both Instagram and YouTube.

News that the painting self-destructed went viral even before an Instagram account tagged to Banksy suggested he was behind the incident.




Thierry Ehrmann, who heads Artprice, a firm which closely monitors art market prices, agreed that the prank had probably increased the value of the work. Would its new, half-shredded form be worth less money or more, given its elevated status after the global media attention?

"Rauschenberg erased de Kooning's drawing; Gustav Metzger and Jean Tinguely pioneered auto-destructive art; Michael Landy shredded all his possessions; and what about Banksy himself and his corrupted oils?"

As if the rumour mill had not turned enough over the past week, Sotheby's now says Banksy did not destroy a work of art during its contemporary evening sale on 5 October-he created one.

"Following his surprise intervention on the night, we are pleased to confirm the sale of the artist's newly-titled "Love is in the Bin", the first artwork in history to have been created live during an auction".

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