Banksy Buyer Plans to Keep Shredded Painting

Sotheby’s says the British artist has re-authenticated ‘Girl With Balloon’ and renamed it ‘Love Is in the Bin’

Sotheby’s said that the woman who won the $1.4 million Banksy painting that self-destructed after it was auctioned in London has decided to keep it.

The auction house said Thursday that Banksy’s authentication body, Pest Control, re-authenticated the 2006 graffiti-style artwork, “Girl With Balloon.” It has also been renamed “Love Is in the Bin” (2018)—an indication that the artist sees it as a new work.

The...