That’s just bonkers, man. The result of one of Banksy’s infamous art world pranks will now be resold at an auction for between £4 million and £6 million, which is more expensive than its initial sale at a Sotheby’s auction in 2018. The artwork, titled Girl With Balloon, self-destructed after it was sold for more than £1 million. After the artwork was shredded and renamed Love is in the Bin, the buyer still went ahead:
Reflecting its newfound place in art history, estimates for Love is in the Bin have skyrocketed over the last three years, with the upcoming Sotheby’s sale expected to fetch between £4 million and £6 million. (In the past, Banksy has played down speculation that the auction house was in on it all along.)
Even without his trademark pranks, Banksy’s art has been steadily gaining value at auction, with his NHS-dedicated Game Changer image smashing estimates to bring in £14.4 million back in March. His profile has also risen worldwide, leading him to warn fans about a series of unauthorised shows, which have been criticised for containing replicas of his work.
Most recently, Banksy popped up in a series of British seaside towns, creating anonymous installations for his Great British Spraycation.
Image credit: Sotheby’s