Sale on for Banksy painting that self-destructed at auction

In this undated photo provided by Sotheby's the spray-painted canvas 'Girl with Balloon' by artist Banksy is pictured. Art prankster Banksy has struck again. A work by the elusive street artist self-destructed in front of startled auction-goers on Friday, Oct. 5, 2018 moments after being sold for 1.04 million pounds ($1.4 million). In an Instagram post Saturday, Banksy claimed the dramatic artistic payoff had been years in the making. (Sotheby's/via AP)

Sotheby's says the winning bidder for a Banksy painting that self-destructed during an auction last week has decided to go through with the purchase

LONDON — The winning bidder for a Banksy painting that self-destructed during an auction last week has decided to go through with the purchase, auctioneer Sotheby's said Thursday.

The auction house said a female European collector was the successful bidder, agreeing to pay 1.04 million pounds ($1.4 million) for "Girl With Balloon." But just after the hammer came down, and to the shock of those in the saleroom, the bottom half of the work passed through a shredder concealed in the frame.

Sotheby's said the painting has now been retitled "Love is in the Bin" and authenticated by Banksy's Pest Control agency.

Alex Branczik, head of contemporary art for Europe at Sotheby's, says it is "the first artwork in history to have been created live during an auction."

The buyer's identity was not revealed but Sotheby's quoted her as saying: "When the hammer came down last week and the work was shredded, I was at first shocked, but gradually I began to realize that I would end up with my own piece of art history."

Banksy, who has never disclosed his full identity, began his career spray-painting buildings in Bristol, England, and has become one of the world's best-known artists. His mischievous and often satirical images include two policemen kissing, armed riot police with yellow smiley faces and a chimpanzee with a sign bearing the words "Laugh now, but one day I'll be in charge."

"Girl With Balloon," which depicts a small child reaching up toward a heart-shaped red balloon, was originally stenciled on a wall in east London and has been endlessly reproduced, becoming one of Banksy's best-known images.

___

This story has been updated to correct the title of Sotheby's Branczik to head of contemporary art for Europe.

Related News

Hawaii authorities urge awareness of raw food risk

Aug 17, 2016

Hawaii authorities are urging diners to be aware of the risks of eating raw and undercooked food after they traced a hepatitis A outbreak to frozen scallops served raw at a sushi restaurant chain

Are France's burkini bans sexist, or liberating?

Aug 17, 2016

Male officials are dictating what women can wear on French beaches _ and people across a wide swath of French society say that's a good thing

Target cuts outlook as it sees fewer customers in stores

Aug 17, 2016

Target cut its profit forecast and a key sales outlook amid stiffer competition and its own stumbles in areas like groceries

Broaden News

Travel Stylo is an independent online travel website started by a group of friends who love traveling together. With Travel Stylo, you can travel with style.

Contact us: sales[at]travelstylo.com