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One of pop artist Jeff Koons’s iconic works just broke records as becoming the highest-bid artwork by a living artist in history (so far!). His 1986 sculpture “Rabbit” was just sold at a whopping $91 million during a private auction last week at Christie’s auction house. The item came from the late media mogul, S.I. Newhouse’s art collection. It was originally estimated to be sold at $50 to $70 million at best but exceeded all expectations with the final bidding. The buyer, who was initially anonymous during the said event, was later revealed to be Robert E. Mnuchin, father of the current U.S. Treasury Secretary Stephen Mnuchin.

Similarly to Koons’s other works, the “Rabbit” also features a balloon-like shape and a shimmering metallic finish. It stands at 41 inches and is actually one in a series of three created by the famous artist back in the late 1980s. The other two now reside in different museums across the globe. Through the years, the artwork has become so iconic that back in 2007, it was featured in Macy’s Thanksgiving Parade in actual balloon form.

Though historic, this isn’t the first time Jeff Koons held such a title. Back in 2013, his famous Balloon Dog sculpture in orange was sold for $58.4 million. This record was then eventually broken by artist David Hockney, who sold his “Portrait of an Artist (Pool with Two Figures)” painting for a staggering $90.2 million at an auction just six months ago. But now, Koons holds the title again after that newsworthy bid just last week.

Both artists, however, have yet to reach the prices sold by prominent artists who’ve past on. The current holder of this record is Impressionist Claude Monet, in which “Meules,” one of his Haystacks paintings was sold at a whopping $110.7 million at a Sotheby’s auction just last week.

A balloon version of Rabbit floated in Times Square during the Macy’s Thanksgiving Day Parade in 2007.

Even before this record-breaking acquisition, Koons’s “Rabbit” sculpture was already highly-regarded as one of the most important pieces of art in the post-war era. Now, it’s become even more valuable!  

Image Credits:

  1. Jeff Koons Rabbit Sculpture Featured imafe – Sky News.com
  2. Rabbit Sculpture – SmithsonianMag.com
  3. Jeff Koons’s Ballon Dog (Orange) – Medium.com
  4. Rabbit Sculpture Image – WSHU.com