Banksy: Buyer Of Shredded Artwork Is Going Through With Sale

Calvin Saunders
October 14, 2018

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.

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.

No one knows how the secretive artist activated a shredder hidden within the frame of his painting Girl with Balloon just after it was sold last week by Sotheby's for $1.4 million (Dh6.8 million).

The European woman who bought the piece, who does not want to be named, said: "At first I was shocked, but I realised I would end up with my own piece of art history".

Sotheby's has confirmed the final price of £1,042,000 will be paid in full by the new owner.

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Sotheby's said the buyer of the 2006 work "Balloon Girl", identified only as "a female European collector and a long-standing client of Sotheby's", had chose to continue with the purchase at the original price. In a video, a person purported to be the anonymous graffiti artist is shown installing a shredder inside the gilded frame "in case it was ever put up for auction".

Several experts suggested that the shredded artwork could now be worth more than the original.

Because it is only partially shredded, "it becomes something else, egged on by the social media buzz" and acquires the aura of "an iconic work of art", he said.

"Banksy didn't destroy an artwork in the auction, he created one", Alex Branczik, head of contemporary art in Europe for Sotheby's, said in the statement.

The Banksy work that was shredded last Friday will be on public display in London this weekend.

Other reports by MaliBehiribAe

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