When it comes to tech equipment, the paper shredder has always been in the shadows.
Commonly found in the corner of workplaces and home offices, shredders can only watch with envy as tech critics drool over the latest top-end smartphone releases or enthusiastically caress the latest smartwatch or gaming console.
Schrader isn’t calm, though this week’s auction at Sotheby’s threatened to overturn that reputation.
Maybe we should explain.
Three years ago, Banksy – an artist with a global reputation but no apparent physical embodiment – was auctioned off. balloon girl Stencil at Sotheby’s in London. But seconds after the hammer fell on the final bid, and to the surprise and horror of everyone in the auction room, the artwork suddenly began to pass through a shredder built into a picture frame.
The drama didn’t end there, as the picture stuck halfway through the clipping process, and there and then a new Banksy artwork was born: love is in the bin.
Sotheby’s described it as “the first artwork in history to be made live during auction.”
This week, love is in the bin, with the lower half of the artwork chopped off and hanging from the bottom of the picture frame, auctioned for an astonishing 18.6 million British pounds ($25.4 million). The buyer is reported to be a collector based in Asia.
This is the largest amount anyone has ever paid for a Banksy, and certainly the most money anyone has ever paid for a shredder (sort of).
Here’s How Sotheby’s informed of In Thursday’s historic auction:
“In an evening of play, the highlights came thick and fast. But the enthusiasm that greeted the seventh lot, Banksy’s love is in the bin (2018) was worth watching.
This sparked a fierce wave of bids, with the coveted piece finally going under the hammer for an astonishing £18,582,000, after a ten-minute chase by nine bidders.
History’s first artwork made live during auction, love is in the bin His £6 million . tripled [guide price] In the same Sotheby’s cell room in which she was born in 2018.”
Shortly after the initial clipping stunt three years earlier, Banksy claimed that he intended to destroy the entire artwork, explaining that earlier tests had worked perfectly. But when the big moment arrived, the shredder jammed due to failure to deal with the oncoming paper, an accident that would be all too familiar to regular users of the mundane – though now slightly quieter – shredding machines.