LONDON – Three years after it tore itself apart when it was sold at auction, a painting of a young girl with a red heart-shaped balloon by the elusive British artist Banksy is back next month, priced up to $ 8 million under the hammer.
Viewers gasped after the lower half of the then-titled “Girl with Balloon” was sucked into a shredder hidden in the frame when the hammer fell after a bid of more than $ 1 million at an auction in October 2018 at Sotheby’s in London .
The buyer proceeded with the purchase and the artwork, since it was authenticated as a standalone work and renamed “Love is in the Bin,” is priced at an estimated £ 4 to £ 6 million ($ 5.54 million – $ 8.31 million) Million USD) available for sale).
“The market has risen tremendously since last time, apparently almost four times. But I also think Banksy’s market has grown exponentially in the meantime, commercially as well,” said Oliver Barker, Sotheby’s European Chairman.
“It is very rare to find a work of art by an artist that is not only that artist’s icon but actually in the art world itself.”
In March, a Banksy painting of a boy playing as a superhero with a toy nurse sold for more than $ 20 million, setting an auction record for the artist.
“Love is in the Bin” will be shown at Sotheby’s in London before traveling to Hong Kong, Taipei and New York and returning to the UK capital for sale on October 14th.