Banksy’s shredded portray is on sale once more — and it could be value six occasions as a lot

Banksy's shredded painting is on sale again -- and it may be worth six times as much

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Written by Jacquelyn Palumbo, CNN

It’s been almost three years since a Banksy painting partially shredded itself in front of shocked onlookers, moments after selling for over £1 million ($1.4 million) at a London auction.

Now, “Love is in the Bin” (renamed from “Girl with the Balloon”) is up for sale again. And Sotheby’s auction house estimates that it could fetch up to £6 million ($8.3 million) when it goes under the hammer next month — six times its previous value.

The artwork remains half shredded in its frame, which once concealed a mechanism that Banksy later implied had malfunctioned, prohibiting the work from falling like scraps to the floor.
“It was a big moment because nothing like that had been done before,” said art historian, author and co-founder of Artful, Matthew Israel, in an email interview. The idea of a self-destructing artwork was, he added, “entirely at odds with the aims of the auction house, where the condition of an artwork is paramount and the knowledge and…

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