LONDON — A work by British street artist Banksy that sensationally self-shredded just after it sold for $1.4 million has sold again for $25.4 million at an auction on Thursday.
“Love is in the Bin” was offered by Sotheby’s in London, with a presale estimate of $5.5 million to $8.2 million. It 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.” Just as an anonymous European buyer made the winning bid, a hidden shredder embedded in the frame by Banksy whirred to life.
