^ "Contemporary Art Evening Auction – Banksy – Girl with Balloon"."Banksy sets auction record with £18.5m sale of shredded painting". ^ a b Badshah, Nadeem (14 October 2021).^ a b "Banksy Brings Down the House at the Contemporary Art Evening Auction".^ "Stuttgarter Staatsgalerie: Banksys Schredderbild kommt dauerhaft nach Stuttgart".^ "Latest Banksy Artwork 'Love is in the Bin' Created Live at Auction".He instead conjectured that the original painting is simply rolled toward a hidden compartment in the back, while a pre-shredded copy is rolled out the bottom of the frame. Additionally the blades were "nowhere near where the painting sits". In particular, the video showed cutting blades placed sideways which would be unable to cut the canvas. Shortly after the auction Josh Gilbert, an artist specializing in metal sculpture and a magician, noted what he thought were a number of inconsistencies with the work shredding itself and the purported video of its construction released by Banksy.
It has been speculated that a man seen filming the shredding was Banksy or someone connected to him. It was sold by auction at Sotheby's on 14 October 2021 for £18,582,000, a record for the artist, against a £4-6 million guide price. Banksy has released another video indicating that the painting was intended to be shredded completely, showing the painting being shredded with the words: "In rehearsals it worked every time". It was reported that the artist uploaded a video of the event onto Instagram, showing the construction of the shredding mechanism and frame, but deleted the post. Sotheby's released a statement that called it "the first artwork in history to have been created live during an auction". Market watchers speculated that the self-destruction would increase the artwork's value. The work was renamed by Pest Control, from Girl with Balloon, to Love is in the Bin.
#CUT AND SHRED VIDEO FULL#
Īfter the shredding, there was a negotiation with the buyer to confirm the sale, and on 11 October it was agreed that the sale would go through at the full original price. Immediately after the sale, technicians from Banksy's representatives, Pest Control, deactivated the shredder, but the mechanics remained in the frame. Sotheby's said they had no foreknowledge of the mechanism. The work was housed in a deep frame and was plugged in to facilitate built-in electrical lights, which also powered a shredding device hidden in the bottom edge. The shredder stopped when the canvas was about half-way through Banksy has said this stop was unplanned and that he intended to shred it completely. Within seconds of the gavel drop, the canvas began sliding out of the bottom of the frame and shredding itself to the audible sound of a siren and the surprise exclamations of attendees.
Sotheby's London sold the painting at auction on 5 October 2018, at an artist-record price of £1,042,000 (then equivalent to US$1,366,672 or €1,184,360). Banksy has said he prepared the self-destruct mechanism at this time in case the work was ever put up for auction. It was given by Banksy to a friend shortly after the " Barely Legal" exhibition in 2006. The painting is an adaptation of Banksy's 2002 mural Girl with Balloon, rare as a unique work rather than a print. In October 2021, it sold at auction for £18,582,000, a record for the artist. It has been on permanent loan to the Staatsgalerie Stuttgart since March 2019. The damaged painting was later renamed Love is in the Bin. According to Sotheby's, it is "the first artwork in history to have been created live during an auction." His 2006 painting of Girl with Balloon unexpectedly self-destructed immediately after it was sold at auction. Love is in the Bin is a 2018 art intervention by Banksy at Sotheby's London.
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