Art
10,885 Hypes 4 Comments

Banksy's Shredded Artwork Will Hit Auction Yet Again

The world is watching.

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

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.

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.

Brain Dead Enlists Michael Decker as the First Artist to Exhibit at the New Fabrications Store
Art

Brain Dead Enlists Michael Decker as the First Artist to Exhibit at the New Fabrications Store

A gallery space nestled in the heart of Silverlake.

Steven Harrington and Medicom Toy Return With a 1000% BE@RBRICK
Art

Steven Harrington and Medicom Toy Return With a 1000% BE@RBRICK

Covered in the artist’s signature aesthetic and releasing on September 10.

Natalie Wadlington Meditates on the Power Struggle Between Man and Nature in "Pooled"
Art

Natalie Wadlington Meditates on the Power Struggle Between Man and Nature in "Pooled"

A new body of work on view at Library Street Collective


Toronto’s Gardiner Expressway Is Transformed Into a Public Art Project
Art

Toronto’s Gardiner Expressway Is Transformed Into a Public Art Project

In celebration of the city’s Year of Public Art.

Kobe’s 24 Jersey Immortalized in an Elaborately Carved Block of Pinewood
Art

Kobe’s 24 Jersey Immortalized in an Elaborately Carved Block of Pinewood

Carved by Giammarco Antoci of SNK Lab Art.

Adobe Expands Diverse Voices Initiative With New Film That Asks, 'Where Are You From?'
Art 

Adobe Expands Diverse Voices Initiative With New Film That Asks, 'Where Are You From?'

Presented by Adobe
The wide ranging answers fuel the creative output of the featured talents.

Kanye Tours Art Exhibitions in Berlin Following Album Release
Art

Kanye Tours Art Exhibitions in Berlin Following Album Release

Searching for ‘DONDA’ artwork?

Conservators at the Met Discovered a Buried Composition Under This 18th Century Painting
Art

Conservators at the Met Discovered a Buried Composition Under This 18th Century Painting

A discovery that completely changes the initial depiction of the art.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

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

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.