Hi Art Lovers, most art lovers know Banksy. Banksy is a street artist and paints great graffiti. I like his anti-war, animal rights and environmentalist style. I think the most remarkable thing about him was what happened to the work "Girl with Balloon". In 2018, Banksy's artwork sold for £1 million at an auction in London.
After 3 years, it was auctioned again in October 2021 at a guide price of £4m-£6m. Described as ingenious performance art, with the name "Love is in the Bin" was sold at auction for £18,582,000, pretty above the guide price this time. Thus, Banksy broke the record.
I think this case was very striking and surprising. Let me briefly explain it to those who forget it or do not know it.
Source 1
After this sale, the paper shredding machine hidden inside the frame of the painting cut the painting into pieces. Another interesting situation is that despite the fragmentation of the work, the collector who bought it stated that did not give up on the purchase. After the painting self-destructed, the work became known as "Love is in the Bin". Somethings are surprising. All I know is that art doesn't disappear, it just transforms.
It is certain that this moment is among the unforgettable in the art circle. While the comments on whether it will decrease or increase in value continue, this sale showed that reformer, courageous and creative ideas always increase attraction :)
