Banksy artwork that self-shredded sells for record $25.4 million at auction

A work by British street artist Banksy that sensationally self-shredded just after it sold at auction three years ago fetched 18.5 million pounds — $25.4 million — on Thursday, a record for the artist.

"Love is in the Bin" was offered by Sotheby's in London, with a presale estimate of 4 million to 6 million pounds ($5.5 million to $8.2 million). The sale price was three times the high estimate.

The piece consists of a half-shredded canvas in an ornate frame bearing a spray-painted image of a girl reaching for a heart-shaped red balloon.