The Banksy painting that partially self-destructed at auction three years ago has sold once more, for a staggering £18.5 million ($25.4 million).
The new auction for “Love is in the Bin” took place at Sotheby’s Contemporary Art evening sale in London on Thursday and became the artist’s record, topping the sale of “Game Changer” one year ago. That artwork, which depicted health care workers as superheroes, sold for £16.7 million ($23.1 million) to benefit UK hospitals.
Banksy’s shredded artwork renamed
The identity of seller at Thursday’s auction has not been revealed, though Sotheby’s has described them as a female collector from Europe and a long-standing client of the auction house. The new buyer has the option to pay in cryptocurrency.
A few months after the first auction in 2018, the Frieder Burda Museum in Baden-Baden, Germany, became the first public space to display “Love is in the Bin.” Ahead of this sale, the painting exhibited in London, Hong Kong, Taipei and New York.