Author: Scott Reyburn / Source: New York Times

LONDON — The woman who placed the winning telephone bid at a London auction for Banksy’s painting “Girl With Balloon,” which was partially shredded by remote control moments after it sold for $1.4 million, is continuing with the purchase at the same price, Sotheby’s said in a statement Thursday.
“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 buyer, who was identified only as a “European collector and a longstanding client,” commented in the statement.
Joanna Brooks, the director of JBPR, who answers media enquiries for Banksy, said Sotheby’s had requested a new authentication of the piece, which passed halfway through a shredder concealed in the frame.
“It’s a different work now, so it needed a new title.” The shredded piece, titled “Love Is in the Bin,” has been granted another certificate by Pest Control, Banksy’s official authentication body. Neither Ms. Brooks nor Sotheby’s would confirm whether Banksy had been the seller of the painting.
After the winning bid was…
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