$91m 'Rabbit' sets record for most expensive auction of living artist's work

17 Mai, 2019, 16:35 | Auteur: Christine Menetries

The auction house described "Rabbit" as a work of art that taps into a person's childhood.

A playful rabbit sculpture by Jeff Koons has become the most expensive work by a living artist ever to sell at auction.

Initially, Christie's estimated Koons' faceless Rabbit would sell for between $50 million and $70 million.

The final price achieved includes the hammer price of $80 million plus auction house fees.

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Christie's said the sale made Koons the highest-priced living artist, overtaking the US$90.3 million record set last November by British painter David Hockney's 1972 work Portrait of an Artist (Pool with Two Figures).

FBN's Cheryl Casone on the sale of Jeff Koons' metallic sculpture of a balloon-animal rabbit for $91 million.

The edition featured in Wednesday's auction came from the collection of the late media mogul S.I. Newhouse. It has not been publicly exhibited since 1988, two years after it was first shown at New York's Ileana Sonnabend's gallery. But photos of the artwork have appeared on the cover of books, exhibition catalogs and magazines. Also, a blow-up version appeared in the 2007 Macy's Thanksgiving Day Parade. "Its lack of facial features renders it wholly inscrutable, but the forms themselves evoke fun and frivolity, an effect heightened by the crimps and dimples that have been translated into the stainless steel from which it has been made", according to Christie's.

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