Around 11 p.m. on Sept. 8, just a day after the “Breakout: Banksy’s London Rebellion” exhibit ended at the Grove Gallery in London, the gallery’s manager, Lindor Mehmetaj, discovered that the popular Banksy “Girl with Balloon” print was stolen.
Banksy is a street artist whose identity remains anonymous; the only way to validate the authenticity of his art is through his social media and website.
“Girl with Balloon” first appeared stenciled on a wall in Shoreditch, London in 2002. The original stencil is gone, but Banksy began creating prints of it two years after its debut.
Over time, Banksy has made multiple variations of the artwork, each with slight changes to reflect political issues, demonstrating that the artwork is a symbol of activism.
The artwork is Banksy’s most renowned piece. His highest-valued piece is a half-shredded variation of the print that was torn apart live at an auction at Banksy’s request, significantly increasing its value.
The piece was given the name “Love is in the Bin” by Banksy’s official authentication committee, “The Pest Control Office,” which deems itself as the “parent/legal guardian for the artist Banksy.”
According to the gallery, there was over £1.8 million worth of his artwork out for display, but the print was the only object stolen. The piece is valued at approximately $360,000. “Typically when fine art and masterpieces are stolen, the financial value can skyrocket. Hopefully, it is going to be the same for this Banksy,” Mehmetaj said.
The police were alerted the next morning, and the artwork was recovered later that same week on Sept. 12. It was then returned to the gallery, with suspects in custody the following day.
The suspects were identified as 47-year-old Larry Fraser and 53-year-old James Love. Video of the robbery was released by the gallery via its CCTV footage. It showed a man dressed in all black with his face covered, shattering the glass door closest to the art- work.
Only the “Girl with Balloon” was taken, and they left quickly after. The police used hours of footage to locate where the print may have ended up.
The two men were charged with non-residential burglary and were held in custody until they posted bail. They are set to appear before a judge on Oct. 9.