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Must Be Nice: Banksy’s Shredded Painting Auctioned Off for Record $25.4 Million at Sotheby’s

todayOctober 17, 2021 22

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Renowned street artist Banksy has set a new record this week.

His self-destructing piece “Love is in the Bin” sold for a record $25.4 million at a Sotheby’s auction in London on Thursday.

via Complex:

The sale broke Banksy’s record from March when he sold a piece for around $22 million, with proceeds benefiting a UK charity.

Almost three years ago to the day, “Love is in the Bin” became a viral sensation when the original work, “Girl With Balloon,” became “the first artwork in history to have been created live during an auction.” After selling for a then-record $1.4 million, the artwork was sliced when a hidden shredder was activated.

Art historian, author and co-founder of Artful, Matthew Israel spoke to CNN about the iconic piece: “It was a big moment because nothing like that had been done before,” Israel said. “The idea of a self-destructing artwork was entirely at odds with the aims of the auction house, where the condition of an artwork is paramount and the knowledge and expertise about it is core to its authority and value.”

A shredded painting selling for $25.4 million? Must be nice! We have a shredder, you know…

The post Must Be Nice: Banksy’s Shredded Painting Auctioned Off for Record $25.4 Million at Sotheby’s appeared first on LOVEBSCOTT.

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