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Jeff Koons' Rabbit sculpture breaks record for living artist Jeff Koons' Rabbit sculpture breaks record for living artist
(about 8 hours later)
A sculpture by US pop artist Jeff Koons has sold for $91.1m (£71m), breaking the record price for a work by a living artist.A sculpture by US pop artist Jeff Koons has sold for $91.1m (£71m), breaking the record price for a work by a living artist.
Christie's in New York sold Rabbit - a 41in (104cm) steel cast of an inflatable created in 1986 - for more than $20m over its estimated price. Christie's in New York sold Rabbit, a 41in (104cm) steel cast of an inflatable created in 1986, for more than $20m over its estimated price.
It beats the previous record set by British artist David Hockney in November.It beats the previous record set by British artist David Hockney in November.
The buyer was in the audience for the auction, but has not been named. Art dealer Robert Mnuchin reportedly made the winning bid.
Mr Mnuchin, father of US Treasury Secretary Steven Mnuchin, purchased the sculpture on behalf of a client, reports say.
On its website Christie's described Rabbit as "cute, sinister, cartoonish, imposing, vacuous, sexy, chilling, dazzling and iconic".On its website Christie's described Rabbit as "cute, sinister, cartoonish, imposing, vacuous, sexy, chilling, dazzling and iconic".
It is one of Jeff Koons' most well-known pieces. The US artist's sculptures have provoked controversy for decades after he emerged as a leading figure in New York's art scene in the 1980s.It is one of Jeff Koons' most well-known pieces. The US artist's sculptures have provoked controversy for decades after he emerged as a leading figure in New York's art scene in the 1980s.
Koons previously held the record price for a living artist's work for his piece Balloon Dog (Orange).Koons previously held the record price for a living artist's work for his piece Balloon Dog (Orange).
But he was overtaken last year by Hockney's Portrait of an Artist (Pool with Two Figures), which sold for just over $90m (£70m) at the same auction house.But he was overtaken last year by Hockney's Portrait of an Artist (Pool with Two Figures), which sold for just over $90m (£70m) at the same auction house.
The sale comes in the same week a Claude Monet Haystacks painting sold in New York for $110.7m - a record for the French artist.The sale comes in the same week a Claude Monet Haystacks painting sold in New York for $110.7m - a record for the French artist.