Shredded Banksy Artwork Sells For $25.4 Million At Auction
Newsy
Banksy began his career spray-painting buildings in Bristol, England, and has become one of the world's best-known artists.
A work by British street artist Banksy that sensationally self-shredded just after it sold at auction three years ago fetched almost 18.6 million pounds ($25.4 million) on Thursday — a record for the artist, and close to 20 times its pre-shredded price.
"Love is in the Bin" was offered by Sotheby's in London, with a presale estimate of 4 million pounds to 6 million pounds ($5.5 million to $8.2 million).
After a 10-minute bidding war involving nine bidders in the saleroom, online and by phone, it sold for three times the high estimate. The sale price of 18,582,000 pounds ($25,383,941) includes a sales tax known as a buyer's premium.
