• Tue. Oct 26th, 2021

Banksy record, work sold for 25 million dollars


Oct 14, 2021

New world record for street artist Banksy: the self-destructing painting “Love is in the Bin” was auctioned this evening at Sotheby’s in London for 18,582,000 pounds, equal to 25,383,941 dollars. The work was at the center of a heated upward race between 9 bidders: the collectors present in the London auction house, connected online and by phone, fought for 10 minutes, tripling its maximum estimate of 6 million. pounds. The record sale takes place three years after the date on which the canvas, previously titled “Girl With Balloon”, was ‘destroyed’ by a mechanism hidden by the artist in the frame in the New Bond Street room in an unexpected Performance Art show, after setting a record for the mysterious British artist, at the time of £ 1 million. packed at Sotheby’s on 5 October 2018 in London. Capturing the world by surprise, the spectacular event went down in art history: it was the first time that a new work had been created during an auction. In the following days, the shredded work received a new certificate and a new date from Pest Control, Banksy’s authentication body, and received the new title, “Love is in the Bin”. “Love is in the Bin” fits firmly into the long history of anti-art, from Marcel Duchamp’s anonymous presentation of “Fountain”, a porcelain urinal reassembled on a pedestal in 1917; to Robert Rauschenberg who deleted a pencil drawing by Willem de Kooning and re-titled the work, “Erased de Kooning Drawing”; to Ai Wei Wei who destroyed an alleged Han Dynasty urn, photographing himself intentionally dropping it to probe the broader question of what we see as precious. Banksy is no stranger to Sotheby’s headquarters on New Bond Street: in 2004 he had secretly engraved a mouse on the wall of the art gallery during the preview of the sale of Damien Hirst’s ‘Pharmacy’.