A work by British street artist Banksy that causes a sensationright after its auction three years ago, it grossed £ 18.5million – $ 25.4million – on Thursday, a record for the artist.
“Love is in the Bin” was offered by Sotheby’s in London, with a presale estimate of £ 4-6 million ($ 5.5-8.2 million). The sale price was three times the high estimate.
The piece consists of a half-ragged canvas in an ornate frame bearing a spray-painted image of a girl catching a red heart-shaped balloon.
When it was last sold at Sotheby’s in October 2018, the piece was known as “Girl With Balloon”. Just as an anonymous European buyer made the winning bid, a hidden shredder integrated into the frame by Banksy came to life, leaving half of the canvas hanging from the frame in strips.
Sotheby’s had described the work created during the stunt as “Banksy’s ultimate work”.
Banksy, who has never confirmed his full identity, began his career spray painting buildings in Bristol, England, and has gone on to become one of the world’s best-known artists. His playful and often satirical images include two male police officers kissing, armed riot police with yellow smiley faces, and a chimpanzee with a sign with the words “Laugh now, but someday I’ll be in charge.” .
Several of his works have sold for several million at auction. In March, a Banksy mural honoring British health workers, first painted on a hospital wall, sold for 16.8million pounds ($ 23.2million) in a sale to Christie’s auction, a record for the artist.
“Girl With Balloon” was originally stenciled on an east London wall and has been reproduced endlessly, becoming one of Banksy’s best-known images.