Partially-shredded Banksy painting sells for $25 million at auction
In this handout photo provided by Sotheby's Auction House, the auction for Banksy's "Love is the Bin" takes place in London, Thursday, Oct. 14, 2021. A work by British street artist Banksy that sensationally self-shredded just after it sold for $1.4 million has sold again for $25.4 million at an auction on Thursday. “Love is in the Bin” was offered by Sotheby’s in London, with a presale estimate of $5.5 million to $8.2 million. (Sotheby's Auction House via AP)
The Banksy painting that was originally supposed to self-destruct has been purchased for $25.4 million dollars at auction.
According to Sotheby’s, nine bidders “sparked a fierce wave of bids” over the course of ten minutes.
The winning bidder’s name was not revealed. However, CNN reports the new owner of “Love is in the Bin” is a female collector from Europe.
“Love in the Bin” was expected to fetch $5.54 million – $8.31 million.
Prior to self-shredding in 2018, the original piece of art sold for $1.4 million.
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