A half-tattered painting could sell for over $5 million

The famous Sotheby’s auction house revealed today, Friday, September 3, that it has decided to sell the famous Banksy painting, half torn, at auction.

The Associated Press estimated that the half-tattered Banksy painting would sell for more than $5 million.

Banksy’s painting was self-cut, after it was sold at auction for $1.4 million.

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Sotheby’s says ‘Love in the Trash’ will be auctioned in London on 14 October.

The pre-sale value of the piece ranges from 4 to 6 million pounds, meaning that its price will range from 5.5 million to 8.3 million dollars.

The painting consists of a half-ripped canvas with a spray-painted image of a girl reaching for a red balloon in the shape of a heart.

The work was then known as “The Girl and the Balloon”, and the work was sold at the auction house in October 2018. An anonymous European buyer submitted the winning bid, but to everyone’s astonishment the painting was torn in half inside its frame after the sale.

The buyer decided to go ahead with the purchase, a decision that would be successful if the image achieved its estimated price.

This Banksy piece shredded itself right after being sold for $1.4 million pic.twitter.com/yfk73bkbpY

— NowThis (@nowthisnews) October 6, 2018

Alex Branczyk, chairman of the famous auction house, described Love in the Trash as “the definitive Banksy work and a true icon of modern art history”.

He continued, “Love in a basket was born from one of the most exciting artistic events of the 21st century, and when it was destroyed in our sales room, the painting caused a global uproar, and became a cultural phenomenon.”

The artwork will be transported and shown to the public in London, Hong Kong, Taipei and New York before being sold next month.