It’s safe to say that no one expected what was to happen to Banksy’s original piece, Girl with Balloon when it was up for auction at Sotheby’s London last week. In a great piece of performance art, as the hammer struck down at $1.4 million the piece started to shred itself, courtesy of the hidden shredder Banksy placed in the frame, as demonstrated on his Instagram page.
Now it has been revealed that the evolved piece has taken on a new name, Love is in the Bin and will be on show at Sotheby’s London over the weekend.
“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.” Alex Branczik, Sotheby’s Head of Contemporary Art, Europe
The winning bidder on Banksy’s Girl with Balloon offered at Sotheby’s last Friday has confirmed their decision to acquire the new work that was created that night, as part of the canvas passed through a hidden shredder seconds after the hammer fell. The new work has been granted a certificate by Pest Control, Banksy’s authentication body, and has been given a new title, Love is in the Bin.
The buyer, a female European collector and a long-standing client of Sotheby’s, is proceeding with the purchase at the same price as was achieved in the room on the night. Love is in the Bin, 2018, will be on view to the public in Sotheby’s New Bond Street galleries on Saturday and Sunday 13th and 14th October from noon until 5pm.
“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.” Anonymous buyer
As lot 67 in Sotheby’s Contemporary Art Evening Sale on 5th October, Banksy’s Girl with Balloon was one of a number of works up for auction last Friday (including Jenny Saville’s record-breaking piece). The controversial artist housed the piece in an ‘artist’s frame’ a.k.a. a hefty Victorian-style frame, and in true Banksy fashion, even that was used to poke fun at the establishment.
Who would think that the shredder would create such a great piece of performance art, so much so it became instant art world history, as the first time a new work had been created in the course of an auction.
Banksy has a history with pranking art establishments, having previously pulled stunts in the Louvre, Tate Britain, the British Museum, the Museum of Modern Art, the Metropolitan Museum of Art and the Natural History Museum, with Sotheby’s now joining that distinguished list.
More Info: forbes.com