Shredded Banksy cloth raises a record amount of 22 million euros

The partly shredded painting Love is in the Bin by the British artist Banksy was sold on Thursday for 18.6 million pounds (about 22 million euros) at a Sotheby’s auction in London. That is more than three times as much as the expected proceeds of 4 to 6 million pounds and thus the most expensive Banksy so far, reports Reuters news agency.

The work caused a worldwide sensation three years ago, when it automatically passed through a framed paper shredder during the first auction in the English capital. “I can’t explain how scared I am to knock this hammer down,” Sotheby’s auctioneer Oliver Barker joked after ten minutes of bidding on Thursday.

Also read: Banksy actually wanted to completely shred the painting

Worth more by stunt

The stunt in 2018 caused shock among art dealers; because such a thing had never happened before, it was unclear whether the buyer was obliged to pay. The European woman, who wished to remain anonymous, continued the sale and paid more than 1 million pounds, almost 1.2 million euros at the time. At the time, there was already speculation that the partly destroyed painting would increase in value. The name of the new buyer has not yet been disclosed.

Banksy, whose identity is a secret, also changed the title of the canvas. The original name Girl with Balloon became Love is in the Bin. In March, a drawing by Banksy entitled Game Changer, for almost 17 million pounds (about 20 million euros at the time). The proceeds of this went to British healthcare and charities, according to Christie’s auction house. On November 9, the Banksy painting will also be titled Sunflowers From Petrol Station, a variation on work sunflowers by Vincent van Gogh, auctioned by Christie’s. That work is in the hands of British fashion designer Paul Smith and is valued by the auction house at an amount between 10 and 15 million euros.

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