Jeff Koons Rabbit Sculpture Fetches $91 Million At Auction

A playful rabbit sculpture by Jeff Koons has become the most expensive work by a living artist ever to sell at auction according to this article from CNN Style

The American artist's "Rabbit," a stainless steel figure measuring just over 3 feet tall, sold for more than $91 million Wednesday evening at Christie's in New York, smashing auction estimates.

The new record comes just six months after David Hockney's "Portrait of an Artist (Pool with Two Figures)" set a new benchmark for a living artist, when it sold for 90.3 million last November -- also at Christie's in New York. The British painter's artwork had itself overtaken Koons' "Balloon Dog (Orange)" sculpture, the previous record-holder, which went for $58.4 million in 2013.

Christie's initially estimated that Koons' faceless "Rabbit" would sell for between $50 and $70 million. But after more than 10 minutes' bidding, the winning offer came in at $80 million which -- including auctioneer's fees -- resulted in a final sale price of $91,075,000.

More on this story can be found here via CNN

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