Anonymous street artist Banksy’s shredded artwork Love is in the Bin’ sold for a record 25.4 million dollars at famed auction house Sotheby’s.
Nearly three years before Love is in the Bin was sold, Banksy’s original artwork ‘Girl With Balloon’ sold for a record 1.4 million dollars. When it was sold, the artwork immediately self-destructed as a shredder inside the frame activated and sliced the bottom half of the picture. Banksy claimed responsibility for the event and stated that the entire artwork was to be shredded, but the shredder malfunctioned. Thus, he gave his artwork a new name Love is in the Bin.
Banksy himself confirmed as much in an Instagram post where he stated plainly that the piece really was shredded and that the auction house was not “in on it.”
After Sotheby’s announced that “Love is in the Bin” would soon be up for sale, the piece was taken on a brief global tour before returning home to London. The auction house estimated then that it would go for $5 million to $8 million, a pretty substantial return for a piece of art that was purchased for only a fraction of that price.
Picture Credit : Google
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