Lot’s of people have shared their theories about the event. Was Banksy in the crowd? Was Sotheby’s involved in the stunt? Did the shredding mean the painting was now more expensive?
Despite the controversy, Sotheby’s have confirmed the sale. “The new work has been granted a certificate by Pest Control, Banksy’s authentication body, and has been given a new title, ‘Love is in the Bin,’ ” Sotheby’s said in a statement Thursday.
The winning bidder, identified only as a female European collector and long-standing Sotheby’s client, has confirmed her “decision to acquire the new work that was created that night.”
The purchase price remained the same – tying the artist’s previous record set in 2008.