The buyer of Banksy’s self-destructing painting will go through with $1.1 million sale

“It appears we just got Banksy-ed".

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.

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.”

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.