Banksy shredded artwork sells for over $25 million
October 14, 2021
"Love Is in the Bin," formerly called "Girl With Balloon," originally had a price estimate of $7 million. Sotheby's said the shredding stunt makes it "the ultimate Banksy artwork."
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A work by British street artist Banksy that self-shredded just after it sold for about €1.2 million ($1.4 million) has sold again for an astonishing €22 million ($25.4 million) at Sotheby's auction house in London on Thursday.
Love Is in the Bin, formerly called Girl With Balloon, had an estimated selling price of $7 million (€6 million). After the sale of the original canvas in October 2018, the painting began to self-destruct in a shredder hidden in its frame moments after bidding ended.
The lower portion of the work was shredded but stopped before more of the work could be damaged.
Sotheby's said that the result of the stunt is "the ultimate Banksy artwork."
After a 10-minute bidding war involving nine bidders in the saleroom and more online and by phone, the artwork sold for over for over three times the highest estimate.
What do Banksy's new 'animal' works mean?
Monkeys, elephants and a goat: Three new murals painted by Banksy are open to interpretation. Here's a look at more works by the anonymous artist.
Image: Mina Kim/REUTERS
Officially the GOAT
Two new artworks by elusive street artist Banksy have appeared in London. The first one represents a goat perched on a ledge as rocks fall, with a real-life CCTV camera contributing to the story told by the piece. As the artist did not caption the work on his Instagram account, fans have offered their interesting takes on it, commenting for example on the role of the media in portraying crises.
Image: Aaron Chown/PA Wire/picture alliance
Elephants in the room
Two elephants are looking at each other, reaching out but without quite touching. This second animal-themed work, which also appeared in London and was claimed by Banksy on August 6, has been interpreted by some fans as a take on "elephants in the room" — controversial issues that are avoided. Some have applied the allegory to the current wars, others to social disconnect between generations.
Image: Justin Ng/Avalon/IMAGO
Monkey see, monkey do
When a third animal-themed artwork appeared a day later, fans started talking about the "London zoo" or "safari" series. Some see these monkeys balancing from a bridge as a reflection of the reckless behavior of political leaders. The fact that they are three reminded others of the Japanese proverb "See no evil, hear no evil, speak no evil." Banksy has often used the monkey as a motif.
Image: Mina Kim/REUTERS
Tree mural
A figure holding a pressure hose is depicted standing next to a real tree; green paint has been sprayed all over the wall, serving as a replacement for the missing leaves of the tree, which has been severely cropped. This mural appeared in March on a building in Finsbury Park, London. The elusive graffiti artist Banksy confirmed on his Instagram account that he was the author of the work.
Image: Jonathan Brady/PA/AP/picture alliance
Protected by a fence following vandalism
Two days after the mural was first spotted, it was defaced by vandals. Splashes of white paint now cover part of the artwork, and at least one piece appears to have been torn off. A security fence was erected to protect it, but crowds nevertheless gathered to take photos.
Image: Vuk Valcic/ZUMA/picture alliance
'Valentine's Day Mascara'
On Valentine's Day 2023, Bansky created a work depicting a stereotypical 1950s "housewife" as a victim of domestic violence fighting back. Wearing a pinafore and yellow rubber gloves, the woman with a swollen eye and a missing tooth shoves her male partner into a chest freezer. The work appeared on a wall in the city of Margate in Kent.
Image: Gareth Fuller/empics/picture alliance
'Borodyanka, Ukraine'
This mural is named after a town near Kyiv that was severely damaged in the early days of Russia's 2022 invasion of Ukraine. It was occupied by Russian forces until April of the same year. Posted to Instagram in November 2022, the work depicts a young gymnast performing a handstand on chunks of broken masonry on the cracked concrete wall of a damaged building.
Image: Gleb Garanich/REUTERS
'We're All In The Same Boat'
This artwork appeared on a wall in a park in Lowestoft, England, on August 7, 2021. While it was quickly believed to be a new work by Banksy, the elusive street artist only confirmed a week later through an Instagram post that he was responsible for it, as well as for a series of new works in different English coastal towns, which he dubbed "A Great British Spraycation."
Image: PA/AP/picture alliance
Louise Michel, a rescue boat for refugees
Banksy funded a boat to rescue refugees trying to cross from North Africa to Europe. The Louise Michel, named after a 19th-century French feminist anarchist, is covered with pink paint and the street artist's graffiti. According to The Guardian newspaper, 89 people were rescued in one day in 2020.
Image: Louise Michel
A statement on systemic racism
A vigil candle sets fire to the US flag: In June 2020, Banksy revealed on Instagram a painting commenting on George Floyd's killing and honoring the Black Lives Matter movement. "People of color are being failed by the system. The white system," the artist wrote. "This is a white problem. And if white people don't fix it, someone will have to come upstairs and kick the door in."
Image: Reuters/Instagram/@banksy
Superheroes of COVID pandemic
Spider-Man and Batman are yesterday's superheroes: This little boy prefers to play with a nurse wearing a face mask and a cape. With this picture, revealed at the beginning of May 2020, Banksy paid tribute to the outstanding contribution of doctors, nurses and hospital workers during the COVID-19 pandemic.
Image: Reuters/Banksy Imstagram
Ready for takeoff?
In December 2019, Banksy posted a video showing his mural of reindeer taking off — but instead of Santa's sleigh in tow, it's a man lying on a bench, to draw attention to the plight of the homeless. "God bless Birmingham," the artist wrote. "In the 20 minutes we filmed Ryan on this bench, passersby gave him a hot drink, two chocolate bars and a lighter — without him ever asking for anything."
Image: Reuters/Instagram/@banksy
'Devolved Parliament'
In 2009, the elusive street artist created "Devolved Parliament," featuring chimps instead of politicians in the British Parliament. Amid the chaos caused by Brexit, the work embodied the country's political atmosphere. The 2.8-by-4.5-meter (around 9-by-15-foot) painting was auctioned off in London in October 2019 for £9.8 million (around €11 million or $12 million).
Image: picture-alliance/NurPhoto/G. Alexopoulos
On show rather than at auction
The millions of pounds that "Devolved Parliament" reaped in October 2019 also sparked criticism, with no information about the buyer provided. In the same month, Banksy installed an artwork in a closed shop in London as a comment, saying that artworks at auction had become the property of the rich rather than the common property of people.
Image: Getty Images/P. Summers
True identity unknown
Banksy is one of the most famous street artists in the world, yet his true identity remains under wraps. Paintings or drawings on paper are rare creations for him. Instead, the artist sprays most of his works on buildings, walls and demolition ruins. Such street art is usually not for sale.
Image: picture-alliance/dpa/MAXPPP/A. Marchi
Steve Jobs as refugee
A recurring theme in Banksy's works is the predatory nature of global capitalism. The artist sprayed this mural at the entrance area of the refugee camp in Calais, France in 2015. It depicts the late founder of Apple, Steve Jobs, carrying his now legendary first computer. Jobs' father was from Syria.
Image: picture-alliance/AP Photo/M. Spingler
A statement about Brexit
In 2017, Banksy addressed the Brexit debate in the UK with this work. Overnight, it appeared on the wall of a building not far from the ferry port of Dover. It shows a man standing on a ladder trying to remove one of the EU stars with a hammer and chisel. The image has since disappeared from the wall, which has been whitewashed.
Image: Reuters/H. McKay
Israeli-Palestinian conflict
The street artist has also addressed the Israeli-Palestinian conflict. In 2017, he opened The Walled Off Hotel, a museum and actual hotel in Bethlehem, right next to the controversial Israeli-West Bank barrier. Banksy has marked the wall and historic town with several artworks since 2005, drawing many people to make "Banksy" tours.
Image: Getty Images/I. Yefimovich
War is not a child's game
One known fact about Banksy's identity is that the world-famous artist comes from Bristol in southern England. He moved to London at the end of the 1990s, and it's there that he began to spray his pictorial messages onto walls. In 2016, he returned to his hometown and left this mural at a primary school.
Image: picture-alliance/dpa/N.Munns
Global climate crisis
Banksy has always been a visionary artist. His works have often addressed present and future political problems, such as global warming. He created this message in London in 2009.
Image: picture-alliance/empics/Zak Hussein
Criticism of the media
Banksy has also criticized media that jump on the bandwagon of sensationalism with regard to the victims of war and terrorist attacks. This is reflected in this work entitled "Media at war," which, like some of his other works, was not sprayed on the wall of a building but exhibited in a London gallery in 2018.
Image: Getty Images/AFP/T. Akmen
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Who is Banksy?
The truth is, no one really knows. The mysterious artist has never been identified. He started his career as a graffiti artist, spray painting buildings and walls in Bristol, England.
His often-humorous images and distinct style have made him one of the world's most well-known artists.
Many of his works adorn random walls around the world. Some of these pieces have sold for millions, or have had to be protected from vandals. Earlier this year, a Banksy mural in honor of UK healthcare workers sold for €20 million.