FILE - In this Sept. 3, 2021 file photo, art handlers at Sotheby's auction house hold Banksy's 'Love is in the Bin', before it returns to auction at Sotheby's, London, The work by British street artist Banksy that sensationally self-shredded just after it sold for $1.4 million could make several times that price at an auction on Thursday, Oct. 14, 2021.
After a 10-minute bidding war involving nine bidders in the saleroom, online and by phone, it sold for three times the high estimate. The sale price of 18,582,000 pounds includes a sales tax known as a buyer’s premium. Sotheby’s received some criticism at the time for failing to spot the hidden shredder. But the 2018 buyer decided to go through with the purchase, a decision that was vindicated on Thursday as the work's price soared.
“It has been a whirlwind to follow the journey of this now legendary piece and to have it back in our midst, offering it tonight in the very room it was created by the artist,” Branczik said. “Banksy is no stranger to making headlines and this latest chapter in his story has captured imaginations across the world — we can only begin to guess what might come next.”
godbless_lema The practice of modern shitty art being sold at exorbitant prices is also called ''Money Laundering''
Stupidity.
It amazes me what rich people will spend money on.
They’re playing you
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Banksy’s Shredded Artwork Sells for $25.4 MillionA painting that British street artist Banksy purposely shredded during a previous auction sold Thursday to an anonymous Asian collector for $25.4 million at Sotheby’s in London, setting a new record for the artist at auction. The art world is corrupt through & through. Free our artists! Jokes on you banksy silly
Source: WSJ - 🏆 98. / 63 Read more »
BTS' Grammy Suits, Jason Aldean's Cowboy Hat & More to Be Sold at MusiCares AuctionBTS' 2021 Grammy performance suits are among the items that will be sold at an auction benefitting the Recording Academy's MusiCares charity. That's why they get all the blessing they deserve. Our boys remain kind hearted.. You love reporting about BTS_twt , but didn’t show them the respect they have earned and deserve in your recent “article.” You owe them an apology. Army doesn’t forget.
Source: billboard - 🏆 112. / 63 Read more »
BTS Auction Off Their Louis Vuitton Grammys Suits For a Cause, and J-Hope Throws in His Rings!BTS will auction off the Louis Vuitton suits they wore for their 2021 Grammys performance as part of Julien’s Auctions' MusiCares Charity Relief Auction.
Source: POPSUGARFashion - 🏆 28. / 68 Read more »
LeBron James’ SpringHill Sells Minority Stake to Investor Group, Valuing Company at $725 MillionLeBron James’ consumer and entertainment shop The SpringHill Company has closed a minority stake sale to a consortium of investors, bringing its valuation to $725 million. As Variety reported… KingJames Congratulations, LBJ. Keep dominating the business sphere! KingJames I was hospitalized as a medical political prison in America for trying to bring to light the murders and gang harassment of my friends and neighbors. My best friend Maryam Sharron Muhammad was murdered in Portland, OR but it never came to light. KingJames KingJames my lord I believe that One day you definitely give attention towards me and help me because god always fulfill his child wish my lord I Beg you.she is in very critical condition no one is helping me Save my mother Bank of India Manish Sharma Ac- 595510110006869
Source: Variety - 🏆 108. / 63 Read more »
Tina Turner Sells Song Catalog For Estimated $50 MillionTina Turner became the latest music megastar to sell their music catalogue rights for an eye-popping sum, with one industry publication estimating that the deal at more than $50 million
Source: Forbes - 🏆 394. / 53 Read more »
Former Obama ethics official slams Biden White House for avoiding questions on Hunter Biden's artworkFormer Director of the U.S. Office of Government Ethics Walter Shaub shared some constructive criticism on Wednesday for President Biden and his administration. So, just to be clear, this wasn’t Russian misinformationthe typical Democrat go to spin! Lol!
Source: FoxNews - 🏆 9. / 87 Read more »