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

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

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

'Its lack of facial features renders it inscrutable, yet its form evokes fun and frivolity, ' the auction house wrote on its website.

Art dealer Robert Mnuchin, the father of U.S. Treasury Secretary Steve Mnuchin, bought the work on behalf of a client, Bloomberg News reported.

A security guard stands next to Jeff Koons" "Rabbit' at a Christie's NY press preview May 3, 2019.

Christie's initially estimated that "Rabbit" would sell for a price between $50 million (£39 million) and $70 million (£54.6 million). The winning bid was $80 million, which ballooned to $91 million after auction fees.

He had lost it the title to David Hockney, whose 1972 painting Portrait of an Artist (Pool with Two Figures) sold at Christie's a year ago for $90.3 million.


The American artist's previous auction high was $58.4 million (£45.5 million) for his piece Balloon Dog (Orange), which was sold at Christie's in 2013.

A 1986 Rabbit sculpture by American pop artist Jeff Koons has sold for $US91.1 million ($131.8 million) in NY - a record price for a work by a living artist, Christie's auction house said. One is homed at the Broad Foundation in Los Angeles and the other has been donated to the Museum of Contemporary Art in Chicago, according to Christie's.

"Few works of art of its generation can have the same instant recognisability: it has been on the cover of books, exhibition catalogues and magazines", Christie's described the piece of art. Also, a blow-up version appeared in the 2007 Macy's Thanksgiving Day Parade.

"It is crisp and cool in its appearance, yet taps into the visual language of childhood, of all that is pure and innocent".

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