Sunday, October 17, 2021

Banksy's Shredded Painting Sells for $25 Million

Banksy set a new personal record this week, with the British street artist’s self-destructing piece “Love is in the Bin” selling for a record $25.4 million at a Sotheby’s auction in London on Thursday. The sale comes almost three years ago to the day the piece became a viral sensation when the original work, “Girl With Balloon,” became “the first artwork in history to have been created live during an auction.” After selling for a then-record $1.4 million, the artwork was sliced when a hidden shredder was activated. Like this:


And increased the work's value by $24 million! Nice. It was a just the type of insubordinate and audacious act that would have made Thomas Crown proud. Oh, Sinnerman...

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The 100 Baggers Club

Over the past decade and half, 25 listed companies have gained 100x or more in value in the U.S. and Europe. The top performer was XPEL , a ...