Abu Dhabi, UAEFriday 29 May 2020

Jeff Koons breaks records as bunny sculpture sells for $91 million

The American creative's 'Rabbit' is now the most expensive work sold at auction by a living artist

Jeff Koons poses by his work 'Rabbit' in 2009. EPA
Jeff Koons poses by his work 'Rabbit' in 2009. EPA

A sculpture by American artist Jeff Koons sold on Wednesday for $91.1 million (Dh334.6 million) at an auction organised by Christie's in New York – a record price for a living artist.

Rabbit, a stainless steel casting of an inflatable rabbit, was the star of the auction house's spring sale and overtook the previous record set by British painter David Hockney's Portrait of an Artist (Pool with Two Figures), which sold last November at Christie's for $90.3 million.

It was a return to the top for Koons, 64, whose Balloon Dog (Orange) for five years held the record for highest price reached at auction for a living artist after its 2013 sale for $58.4 million.

A 1986 "Rabbit" sculpture by American pop artist Jeff Koons is on display in this image released by Christie's auction in New York, U.S., May 16, 2019. Courtesy Christie's/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES.
'Rabbit' stands 41 inches tall. Reuters

The selling price of Rabbit was only $80 million, but once commissions and fees were added, the final total rose to $91.075 million.

In an unusual turn for an art auction at this price range, the buyer of Rabbit was actually in the room during the sale.

Created by Koons in 1986, Rabbit is among the best-known works by the artist, who built a reputation for challenging art world conventions.

He has exhibited his larger-than-life creations worldwide, including a 2008 showing in France's historic Chateau of Versailles that so jarred French traditionalists a small group of them protested outside the event, demanding Koons's works be sent to "Disneyland".

At 41 inches in height, Rabbit was auctioned from the collection of deceased publishing mogul S I Newhouse.

Before his death in 2017, his empire included Conde Nast, which published magazines like Vogue, The New Yorker and Vanity Fair.

Alexander Rotter, chairman of post-war and contemporary art at Christie's, described Rabbit as "the most important piece by Jeff Koons and I want to go even a step further and say the most important sculpture of second half of the 20th century".

"It's the end of sculpture. It's the anti-David as I call it," he said, referring to Michelangelo's masterpiece. "You can't go any further away from David still being figurative and a traditional sculpture."

British artist David Hockney's Portrait of an Artist (Pool with Two Figures) was sold at auction by Christie's in New York for $90.3 million
David Hockney's 'Portrait of an Artist (Pool with Two Figures)' previously held the record. AP

The sale was a new triumph for the controversial artist, who since his emergence in the 1980s has been the subject of endless conversation over his work's commercial and artistic value.

Arriving in New York in 1976, Koon has built up a studio that at its height in 2015 employed more than 100 artisans tasked with meeting his exacting standards.

Updated: May 19, 2019 04:16 PM



Most Popular