Going, going, gone...
works famously shredded half of itself after being sold at an auction. On Thursday, that very same piece broke the record for the most expensive artwork sold by the anonymous artist."Love is in the Bin," which was valued at a presale estimate of about $5.5 million to $8.2 million, sold for over $25.3 million at an auction by Sotheby's in London.
This amount is almost 20 times what it was worth before it was shredded. The undisclosed buyer won the piece after a ten-minute bidding war between nine bidders — some in the room, others online and calling in over the phone.and sold for $1.4 million in October 2018. But as soon as it was bought, a hidden shredder began to whir and the bottom half of the canvas was torn to shreds, leaving strips hanging from below the frame.
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Half-Shredded Banksy Painting Sells For $25.4 MillionA partially destroyed Banksy painting, Love Is In The Bin, has sold at auction for $25.4 million, more than 18 times what it went for three years ago when it was sold just before the piece was half-shredded by a concealed shredder in the frame. What do you think?
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Banksy Shredded Painting Sells for Record $25 Million at AuctionThe famous Banksy shredded painting sold for a record $25 million at an auction in London.
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