“‘When the hammer came down last week and the work was shredded, I was at first shocked, but gradually I began to realize that I would end up with my own piece of art history,’ the anonymous [purchaser] said in a statement. Banksy has in turn agreed to ‘re-authenticate’ the piece with a new title, Love Is in the Bin (2018). (It is currently unclear which came first: the collector’s decision to keep the work or Banksy’s decision to re-authenticate and rename it.) Sotheby’s, for its part, is making the most of its publicity coup, describing the work … as ‘the first work in history ever created during a live auction.'”
Article source here:Arts Journal
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