Banksy's Shredded Artwork Will Hit Auction Yet Again

The world is watching.

Art
11,395 Hypes 4 Comments

Banksy stunned the world nearly three years ago when he deliberately shredded his famous Girl with the Balloon artwork seconds after it sold for $1.4m USD at Sotheby’s. Having been renamed by the artist to Love is in the Bin, Banksy has reiterated that the artwork was fully intended to be shredded had the self-destruction gadget worked properly.

Low and behold, Love is in the Bin will hit Sotheby’s yet again after being reauthenticated by the auction house. The work was bought by an anonymous European collector who is pitching the latest sale as “the first work in history ever created during a live auction.” Despite being nearly destroyed, Love is in the Bin is expected to fetch around $5.5m to $8.3m USD — nearly quadruple the amount it sold for initially. How about that for a return on investment?

There are some who believe that the auction house was in on the charade — perhaps a means to amplify the whole spectacle that surrounds any Banksy work to emerge. The artist himself wrote in a 2018 Instagram post: “Some people think the auction house was in on it, they weren’t.” Alex Branczik, a senior director at Sotheby’s noted in a past statement that the event was “a global sensation that has since become a cultural phenomenon.” In hindsight, “Banksy did not so much destroy an artwork by shredding it, but instead created one,” he added.

Love is in the Bin will embark on a world tour going from Hong Kong, Taipei and New York to eventually hitting auction at Sotheby’s in London on October 14.

Also in the news, Future Fair will finally debut this month in Chelsea.

Sotheby’s
34-35 New Bond St,
London W1A 2AA,
United Kingdom

Read Full Article

What to Read Next

John Geiger Hires Kanye West's Former YEEZY Lawyer to Lead His Defense Team in Nike Lawsuit
Footwear

John Geiger Hires Kanye West's Former YEEZY Lawyer to Lead His Defense Team in Nike Lawsuit

Kenneth Anand is the Counsel to Jayaram Law, was the former General Counsel of YEEZY Apparel, and is the co-creator of ‘Sneaker Law.’

GOAT Shares the Best AJ4 Women's Styles To Mark the Release of the Air Jordan 4 Retro "Shimmer"
Footwear 

GOAT Shares the Best AJ4 Women's Styles To Mark the Release of the Air Jordan 4 Retro "Shimmer"

Presented by GOAT
Inspired by the change-making women who make up the Jumpman community.

Behind the HYPE: How sacai Became a Modern Fashion Staple
Fashion

Behind the HYPE: How sacai Became a Modern Fashion Staple

HYPEBEAST investigates how Chitose Abe turned a fashion secret into an industry mainstay.

A Ma Maniére Announces Its adidas Ultra4D Collaboration
Footwear

A Ma Maniére Announces Its adidas Ultra4D Collaboration

Suede cages and perforated leathers appear on this stealthy colorway.

Future Fair Will Commence During Art Week in Chelsea’s Starrett-Lehigh Building
Art

Future Fair Will Commence During Art Week in Chelsea’s Starrett-Lehigh Building

After being delayed for a year and a half.


Drake Unveils NOCTA Golf x Nike Mock Neck Shirt During Tour Championship
Golf

Drake Unveils NOCTA Golf x Nike Mock Neck Shirt During Tour Championship

Brooks Koepka flexes his fit at East Lake Golf Club.

The Armory Show Will Add Outdoor Art Installations to Its Host of Offerings
Art

The Armory Show Will Add Outdoor Art Installations to Its Host of Offerings

Now being held at the Javits Center and four different sites.

Drake Releases Comical "Way 2 Sexy" Music Video Featuring Future and Young Thug
Music

Drake Releases Comical "Way 2 Sexy" Music Video Featuring Future and Young Thug

The cheeky visual features a Kawhi Leonard cameo, nods to Michael Jackson, Backstreet Boys and more.

BTS Inducted Into Guinness World Records 2022 Hall of Fame With 23 Records
Music

BTS Inducted Into Guinness World Records 2022 Hall of Fame With 23 Records

“Butter” single-handedly earned five records.

Off-White™ Presents Graffiti-Inspired Tableware With Ginori 1735
Design

Off-White™ Presents Graffiti-Inspired Tableware With Ginori 1735

The first release of a larger partnership slated to arrive in 2022.

More ▾
 
We got you covered. Don’t miss out on the latest news by signing up for our newsletters.

By subscribing, you agree to our Terms of Use and Privacy Policy.