Banksy bidder still wants to pay $1.4M for shredded art

Brunilde Fioravanti
Ottobre 12, 2018

The winning bidder for a Banksy painting that self-destructed during an auction last week has made a decision to go through with the purchase, auctioneer Sotheby's said Thursday.

But the freaky turn seemed to have only bolstered the piece's legacy - and value - with Alex Branczik, Sotheby's head of contemporary art for Europe, dubbing it "the first artwork in history to have been created live during an auction". Like a phoenix rising from its ashes, the tattered "Girl with Balloon" by Banksy has been reborn, recertified, and renamed as "Love Is in the Bin", and the winning bidder is keeping the work, strips and all.

The buyer's identity was not revealed but Sotheby's quoted her as saying: "When the hammer came down last week and the work was shredded, I was at first shocked, but gradually I began to realize that I would end up with my own piece of art history".

It will be on exhibited in Sotheby's Bond Street Galleries from noon until 5 p.m. GMT on October 13 and 14.

"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", Branczik says.

Banksy later posted a video of the moment of the painting's destruction to Instagram captioned, "Going, going gone ..."

Refuting that the auction house had prior knowledge about Banksy's stunt, Sotheby's cited Banksy's previous pranks on some of the world's most respected museums and galleries, as well as precedences of destructing works by other artists.

"I worked for him for 12 years".

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.

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