alex branczik: The auctioneers on Thursday quoted the winning bidder as saying she was initially shocked when the work was shredded but later realized she would end up with her own piece of art history, according to Deutsche Welle. The buyer has only been identified as a female European collector and long-standing client of Sotheby's. The moment the hammer came down for Banksy's Girl With Balloon painting at the London auction house last week the bottom half of the artwork was sucked into a shredder concealed in the frame, to the astonishment of those in the saleroom. Alex Branczik, head of contemporary art for Europe at Sotheby's, said the shredded painting was the first artwork in history to have been created live during an auction. Shredded artwork 'doubles' in value experts In the wake of Banksy's prank, several experts suggested that the shredded artwork could now be worth more than double its original price. The auction house also said the artwork had been retitled Love is in the Bin and was authenticated by Banksy's agency.
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