BANKSY ARTWORK SELLS FOR £16M

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A Banksy artwork which shredded itself at a previous auction has sold for a record £16m.

Love is in the Bin was what remained of the artist’s live destruction of his piece Girl with Balloon, which sold for £1m in 2018.

It went under the hammer at Sotheby’s in London on Thursday, selling for £16m – vastly over its £4-6m guide price.

Including a buyer’s premium, the purchaser paid £18.5m in total.

The sale, which saw nine bidders battle for around 10 minutes, beats the previous record of £16.8m set for Banksy in March.