LONDON – A work by Banksy, a British street artist, was ripped apart at auction three years back at alarming rates and sold for $25.4million on Thursday. This is a record for Banksy. It’s more than 10 times what it was before shredding.
Sotheby’s London auctioned the “Love is in the Bin”, which had a pre-sale value of US$5.5 million up to US$8.2million.
After a 10-minute bidding battle, there were nine bidders in auction room. There were also more online and telephone bidders. The final price was three times what it was originally estimated.
This is a work that consists of half-shredded canvas. It has been painted in an ornate frame and features a spray-painted image showing a girl reaching to a red balloon in a heart-shaped shape.
The work was called “Balloon Girl” when it was last sold at Sotheby’s October 2018. Just as an anonymous European buyer won with a bid of 1.4million US dollars, a hidden shredder embedded by Banksy in the frame whizzed past. The other half of the canvas was hung in strips.
Sotheby’s was accused of not finding the hidden paper shredder. The 2018 buyer, however, decided to keep buying the work and the price rose on Thursday.
Alex Blanchike. This stunt was called “one of the most innovative moments of performance art in this century” by Sotheby’s Modern and Contemporary Art chairman.
Branczik said: “Follow the journey of this legendary work and bring it back to us, to provide it in the artist’s room tonight, it’s a whirlwind.” “Banksy is no stranger to making headlines, he This latest chapter in the story has aroused the imagination of the whole world-we can only start to guess what will happen next.”
Banks, who has not confirmed his identity, began his career in architectural painting in Bristol, England. He went on to become one of the most recognizable artists in the world. His often savage and ironic images include two male cops kissing, armed police officers with yellow smiley faces, and a monkey with the words “Laugh, I will be responsible.”
Many of his paintings were sold at auction for multimillions. In March of this year, a mural commemorating British health workers by Banksy was first painted on the wall of the hospital and sold at Christie’s auction for $23.2 million until the artist was updated on Thursday. Record.