The woman who won the bidding at the auction decided to go through with the purchase. The partially shredded work has been given a new title, Love is in the Bin, and it was authenticated by Banksy's authentication body Pest Control. Sotheby released a statement that said "Banksy didn't destroy an artwork in the auction, he created one," and called it "the first artwork in history to have been created live during an auction."
On 27 April 2007, a new record high for the sale of Banksy's work was set with the auction of the work Space Girl and Bird fetching £288,000 (US$576,000) around 20 times the estimate at Bonhams of London. On 21 May 2007 Banksy gained the award for Art's Greatest living Briton. Banksy, as expected, did not turn up to collect his award and continued with his anonymous status. On 4 June 2007, it was reported that Banksy's The Drinker had been stolen. In October 2007, most of his works offered for sale at Bonhams auction house in London sold for more than twice their reserve price.