LONDON, Oct 14 Reuters - A Banksy picture that was concealed in its frame by a shredder concealed in its frame when it was sold at auction, will go to auction under the hammer in London on Thursday with a price estimate of $8.2 million.
Onlookers gasped when the then-named Girl with Balloon was sucked into a shredder as the hammer fell following a bid of 1,042, 000 pounds at an auction on October 4, 2018 in Sotheby's in London.
Now called Love is in the Bin The work goes on sale with a price estimate of 4 - 6 million pounds $5.5 - $8.2 million Some people think it doesn't really shred. Some people think that the auction house was on it, they weren't, the street artist, whose identity is a closely guarded secret, said on Instagram in 2018.
Sotheby's said the work fitted into an illustrious history of anti-art including Ai Weiwei's anonymous submission of Fountain, a porcelain urinal displayed on a pedestal in 1917, to Marcel Duchamp, who photographed himself intentionally dropping an alleged Han Dynasty urn.
When Girl with Balloon self-destructed' in our saleroom, Banksy sparked a cultural sensation that has since become a global phenomenon, said Alex Branczik, Sotheby's chairman of modern and contemporary art.
During that memorable night, Banksy did not so much destroy an artwork by creating it, but instead destroyed one. Nowadays, this piece is considered heir to a venerated legacy of anti-establishment art.