Banksy: New auction record for artist as shredded canvas Love Is In The Bin sells for £18.5m at Sotheby’s | Ents & Arts News

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

Sotheby’s said the “decommissioned, remote controlled shredding mechanism” was still 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.

Banksy revealed it didn’t go quite to plan because in practice runs the whole painting was successfully shredded.

He also said Sotheby’s didn’t know about the plans.

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.”

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Going, going, gone… How Banksy did it

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

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

Rehearsal for shredding Girl with Balloon
Banksy showing how the shredder was hidden in the artwork

The hammer went down at £16m, but after Sotheby’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.

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