New York – A stainless steel sculpture of a rabbit by Jeff Koons has set an auction record in New York, fetching over $91 million.
Subscribe to our Daily Roundup Email
The sale of Koons’ 1986 “Rabbit” at Christie’s Wednesday was the most expensive work by a living artist ever sold at auction.
The previous record for a living artist’s work sold at auction was set by British artist David Hockney. His 1972 “Portrait of an Artist (Pool with Two Figures)” brought in $90.3 million at Christie’s last year.
The New York Times says Robert E. Mnuchin, an art dealer and the father of Treasury Secretary Steven Mnuchin, was the winning bidder for “Rabbit,” which had an estimated sale price of at least $50 million.
Christie’s says the sculpture is one of three editions plus one artist’s proof.
now I know, for sure, the world has gone mad
For the very rich, money has no value and the can spend millions without batting an eyelash, for the struggling masses every penny counts.
Remarkable that the artist does not get a cut, having been paid by the original buyer.