The buyer of the iconic Banksy painting that shredded itself only moments after selling for $1.1 million (£838,000), has confirmed that she will go through with the sale.
A print of the iconic ‘Girl with Balloon’ painting fro m 2006 went under the hammer at Sotheby’s Auction House in London last Friday.
But within moments of the record breaking bid being announced at around 9PM , an alarm was immediately triggered within the frame, before the painting was shredded into ribbons that hung from the bottom.
In the aftermath of the incident, the artist shared a now-deleted behind-the-scenes video revealing how he installed a shredder into a picture frame. Sotheby’s were also forced to deny their involvement.
#Banksy has shared video showing how he installed a shredder into a picture frame, which was used to destroy one of his paintings that sold for $1.1 million https://t.co/siSeiF1rQh pic.twitter.com/lvWVoY4Ecf
— Consequence of Sound (@consequence) October 6, 2018
However, it’s now been confirmed that the buyer is a female European collector, who still intends to go through with the sale.
The new-look work has also been given a new title, Love Is In The Bin, and granted a certificate of authenticity by Pest Control, Banksy’s authentication team.
The anonymous woman said: “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.”
Sotheby’s Alex Branczik added: “‘Banksy didn’t destroy an artwork in the auction, he created one.
“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.”
Posting footage of the moment on Instagram, Banksy wrote: “Going, going, gone.”
View this post on Instagram
What a great perfomance! Right after the hammer fell, Banksy self destructed/shredded after selling for 860.000£ at the Sotheby‘s evening auction on the 5th of October 2018. . ✖️✖️✖️ #banksy #sothebys #auction #art #shredded #destroyed #video #classicbanksy #london #streetartnews #news #legendary #goinggoinggone
Earlier this week, another Banksy owner tried to capitalise on the stunt by destroying their own print – only to discover that it is now worthless.
In June, the anonymous street art icon revealed that he’d submitted a piece of art to the Royal Academy’s summer exhibition – which was subsequently rejected.
The artwork in question is a twist on the ‘Vote to Leave’ poster from 2016’s referendum campaign. On Banksy’s version, the letters ‘e’ and ‘a’ are covered by a heart balloon – making it read ‘Vote to Love’. It was submitted under the name Bryan S Gaakman.
Although the street artist’s true identity still remains a mystery, Goldie previously dropped a huge hint that he could be Massive Attack’s Robert del Naja – lending weight to a long held fan theory.