LONDON (AFP) – The purchaser of a piece by road artist Banksy that was partially destroyed moments after it bought has gone via with the acquisition, Sotheby’s public sale home mentioned on Thursday (Oct 11).
The portray Girl with Balloon was handed via a shredder hidden within the body simply after it went underneath the hammer final week for £1,042,000 (S$1.9 million).
The modified model has now been licensed by Banksy’s authentication physique Pest Control as a brand new piece of labor in its personal proper, entitled “Love is in the Bin”.
The unnamed purchaser, described as a feminine European collector and a long-standing consumer of Sotheby’s, has proceeded with the acquisition on the worth agreed on the evening.
“Banksy didn’t destroy an artwork in the auction, he created one,” mentioned Alex Branczik, Sotheby’s head of up to date artwork for Europe.
“Following his surprise intervention on the night, we are pleased to confirm the sale of the artist’s newly-titled ‘Love is in the Bin’, the first artwork in history to have been created live during an auction.”
The purchaser was quoted as saying: “When the hammer came down last week and the work was shredded, I was at first shocked, but gradually I began to realise that I would end up with my own piece of art history.”