The piece consists of a half-shredded canvas in an ornate frame bearing a spray-painted image of a girl reaching for a heart-shaped red balloon.
A work by British street artist Banksy that sensationally self-shredded just after it sold at auction three years ago fetched 18.5 million pounds ($25.4 million) on Thursday — a record for the artist, and close to 20 times its pre-shredded price. “Love is in the Bin” was offered by Sotheby’s in London, with a presale estimate of 4 million pounds to 6 million pounds ($5.5 million to $8.2 million). After a 10-minute bidding war involving nine bidders in the saleroom and more online and by phone, it sold for three times the high estimate. The piece consists of a half-shredded canvas in an ornate frame bearing a spray-painted image of a girl reaching for a heart-shaped red balloon. When it last sold at Sotheby’s in October 2018, the piece was known as “Girl With Balloon.
