The profit-dubbed work of art has sold for more than 1,5050 percent of what it sold just three years ago.
A partially destroyed Banksy painting has sold at auction at Sotheby’s in London for more than 1,5050%, just three years ago. It is the most expensive work of art sold at the artist’s auction.
The work, titled Girl with Balloons, made headlines around the world in October 2001, when it was immediately destroyed after selling nearly 1 million (সময়ে 1.2 million at the time) in Sotheby’s. The artist claims it’s a “joke”, and denies any complication of the auction house stunt, which has raised eyebrows for many.
Emma Baker, a contemporary art expert at Sotheby’s in London, said the work was later renamed Love Is in Been and quickly became “a cultural phenomenon.”
“You’ve seen it in T-shirts and protest placards and political cartoons, and McDonald’s and IKEA have used these works of art as the basis for some of their ads. It is in the state of iconic. ”
Leading sales in the middle of London’s Fridge Week, Sotheby’s promoted the work to clients around the world and even went out of his way to pay tribute until the banner was torn down outside the head office.
Its efforts have been successful. “A huge number of people came to see it,” Baker said. “There were 1,000 people every day last weekend.”
The work was estimated to sell for between £ 4 million and £ 6 million ($ 5.5 million to $ 8.2 million). During the sale, bidding started at 2.5 million, and quickly increased from half a million pounds to £ 14 million, when two phone bidders began competing simultaneously for the job. Following what Sotheby’s said after 10 minutes of bidding, auctioneer Oliver Barker lost the job for 16 million. Including the auction house fee, the total came to 18.58 million ($ 25.42 million).
A sharp upswing
The sale comes at a time when the banking market is booming. The anonymous artist’s auction record nearly doubled this year, when a picture of his female superhero doll, a child on canvas with Game Changer, sold for ২ 2 million in Christie’s London in March, benefiting University Hospital Southampton staff and patients.
His record was previously made in October 2019 with his oil painting Developed by Parliament, which depicts the British House of Commons by chimpanzees. It sold for বি 12.2 million in Sotheby’s London.
“There’s probably less to say about the Banksy market than the market for this artwork,” Bear said.
“I think it’s one of the simplest art events and events of this century so far, and I think it’s undoubtedly Banksy’s most successful work.”