Banksy: New auction record for artist as shredded canvas Love Is In Th…

Banksy’s Love Is In The Bin – the artwork that shredded itself after being sold in 2018 – has gone for £18.5m, a record for the artist at auction.

Sotheby’s said the “decommissioned, far away controlled shredding mechanism” was nevertheless in the frame.

The piece was originally titled Girl With Red Balloon when it sold for just over a million in October 2018, again at Sotheby’s.

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Moment Banksy artwork sells for record price

It “self destructed” remotely moments after selling and the incident has become one of the artist’s most famous stunts.

A video posted by Banksy shortly afterwards showed a button being pressed to set off the destruction.

But the artist suggested it didn’t quite go to plan, showing that in practice runs the whole painting was shredded.

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Going, going, gone… How Banksy did it

Posting on Instagram, the anonymous artist said: “Some people think it didn’t really shred. It did. Some people think the auction house were in on it, they weren’t.”

The buyer in the 2018 auction – described by the auction house at the time as a “long-standing female client” – decided she nevertheless wanted to buy the painting and held on to the piece.

It method she has made a very healthy profit of about £15m.

Image:
Banksy showed in a video how the shredder was hidden in the artwork

The hammer went down at £16m, but after the auction house’s fee the price was £18,582,000.

The image of a girl reaching for a heart-shaped balloon is one of Banksy’s most reproduced and well-known images.

Thursday’s sale beat the past high for a Banksy – the £16.8m raised for health charities in March 2021 when Sotheby’s sold a picture of a boy playing with a nurse superhero figure.

Before that, Devolved Parliament, a piece depicting the House of Commons populated by chimpanzees, sold for £9.8m in 2019.

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