Sotheby's employees pose with the newly completed work by artist Banksy entitled "Love is in the Bin", a work that was created when the painting "Girl with Balloon" was passed through a shredder in a surprise intervention by the artist. (BEN STANSALL/AFP/Getty Images)

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Shredded Banksy Work Has Been Renamed and Its Sale Will Go Forward

“Girl with Balloon” is now “Love is in the Bin.”

In the aftermath of one of the great art stunts in recent memory, Banksy has changed the name of his shredded work “Girl with Balloon” to “Love is in the Bin.” The anonymous buyer of the piece from the Sotheby’s auction also confirmed that she will in fact be moving forward with the sale. The self-destructed Banksy, sold moments before the stunt was pulled, went for $1.4 million.

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Going, going, gone…

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The artwork created during the auction has been certified by Banksy’s authentication body. The price of the original sale will not change. “When the hammer came down last week and the work was shredded, I was at first shocked,” the anonymous seller said, according to a statement put out by Sotheby’s. “But gradually I began to realize that I would end up with my own piece of art history,” she continued.

Sotheby’s echoed the buyer’s words in its statement. “This unexpected piece of performance art became instant art world history, making it the first time a network had been created in the course of an auction,” the statement read.

Read the full story at CNN