Art buyer cuts losses

Geelong Advertiser - - NEWS -

THE anony­mous buyer of a Banksy paint­ing that was par­tially shred­ded at an auc­tion has agreed to pro­ceed with her pay­ment of £1.04 mil­lion ($A1.9 mil­lion) de­spite the dam­age, auc­tion­eers say.

The auc­tion house quoted the bid­der as say­ing that af­ter the ini­tial shock she grad­u­ally re­alised that she would end up with her own piece of art his­tory.

Sotheby’s iden­ti­fied the buyer of the 2006 work Bal­loon Girl only as “a fe­male Euro­pean col­lec­tor”.

Banksy said he had built a shred­der into the gilt frame of the pic­ture, ac­ti­vat­ing it as the auc­tion closed on Oc­to­ber 5.

The art­work has been re­named Love is in the Bin.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.