Buyer of shredded Banksy artwork will go through with the sale

Banksy'Girl With Balloon Painting Worth Double After Self Destructing at AuctionMore

Banksy'Girl With Balloon Painting Worth Double After Self Destructing at AuctionMore

For those who didn't get a chance to see the incident unfold last week (and are not already exhausted of reading about it), Love Is In the Bin goes on show at Sotheby's New Bond Street galleries on 13 and 14 October.

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.

The anonymous buyer of a Banksy painting that was partially shredded at an auction has agreed to proceed with her payment of 1.04 million pounds (1.37 million dollars) despite the damage to the artwork, the auctioneers said on Thursday.

Branczik says the new work is "the first in history to have been created live during an auction".

The buyer, a female European collector whose identity hasn't been disclosed by Sotheby's, is proceeding with the purchase at the hammer price achieved during the company's contemporary art evening sale in London Oct. 5.

Woman taken by crocodile in Northern Territory
A woman has been killed by a crocodile while out fishing with her family in the Northern Territory in Australia. Gan Gan is a five-hour drive down a dirt track, which is the only major road in East Arnhem, from Yirrkala.

The maverick British artist posted a video on Instagram in the wake of the prank accompanied by a quote attributed to Pablo Picasso - "the urge to destroy is also a creative urge".

The work has been given a new title, Love Is In The Bin, and has been granted a certificate by Banksy's authentication body. The print was shredded moments after it was sold, by a shredder that was built into the frame by the artist himself, in the event the piece was ever auctioned. Would its new, half-shredded form be worth less money or more, given its elevated status after the global media attention?

Love is in the Bin will be put on display to the public at Sotheby's New Bond Street galleries over the weekend.

Banksy didn't destroy an artwork in the auction, he created one.

Latest News