Why Banksy's "Girl With Balloon" Could Be Worth More Shredded - Artsy The partly shredded piece was placed for auction Thursday and sold for £18.582 million, or more than $25.4 million, the auction house announced.Thursday's sale broke Banksy's record from March . Banksy: I was in the room when his painting shredded - and enhanced his ... Second sale of Banksy's shredded painting sets staggering new record at $25.4 million. This Shredded Banksy Painting Sold for 25 million USD Clients on the phone pushed it beyond the high estimate of £300,000. It hammered at £860,000, or slightly over £1 million with fees. Courtesy Sotheby's Banksy shredded painting at auction again The saga of Banksy's shredded painting continues, as it made its return to Sotheby's on 14 October 2021 and fetched the incredible sale price of £18,582,000, much more than its estimated value of £4m-£6m. sotheby's will sell the painting in october with a current low estimate set at $5.5 million. Andipa said that back in 2006 he was selling these smaller edition paintings . Banksy did not so much destroy an artwork by shredding it, but . The hammer price was more than triple the pre-sale estimate of the painting post shredding, 4-6 million USD. That doesn't mean they are not in high demand. Some people think the auction house was in on it, they weren't." The work " was born of the most spectacular artistic happening of the 21st century," Sotheby's senior director and chair of modern and contemporary art Alex Branczik said in a statement. Only the bottom half of the painting was shredded, as the mechanism jammed, the network reported. "Girl With Balloon" sold for 1,042,000 pounds, or about $1,367,104 -- tying a record for the priciest piece of art ever sold by Banksy, according to the auction house. Banksy's half-shredded "Girl With Balloon" is returning to Sotheby's with a valuation of over $8 million — six times the winning bid in 2018, when it was, albeit briefly, an intact painting. But art dealers and auction house directors think the unique stunt has only made the $1.4 million work — a price that set a record for a Banksy piece — more valuable. Key Facts The painting, "Love is in the Bin," was won Thursday for £18.5 million, or $24.5 million — £17.5 million more than the £1 million it sold for as "Girl With Balloon" in 2018, at which. . In 2013, Banksy caused a sensation when he set up a stall in Central Park selling unlabeled art prints to passersby for $60 — the same prints that would have fetched top price in an auction . BANKSY'S SHREDDED PAINTING IS BACK AT AUCTION - Farhi fine art Banksy's Shredded Painting Is Back at Auction | Yield Gallery

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