A chrome steel rabbit by artist Jeff Koons reported $ 91 million to Christie's, setting a document for the public sale of a residing artist.
The profitable bid was from artist Bob Mnuchin, the daddy of US Treasury Secretary Steven Mnuchin, who was within the public sale room and claimed to have made the acquisition on behalf of a consumer.
Estimated between $ 50 and $ 70 million, it was a part of a gaggle of works introduced by the household of the late media mogul Si Newhouse. The three meter excessive inflatable silver bunny was donated at Christie's post-war and up to date artwork public sale Wednesday in New York Metropolis.
For the previous two weeks, the work has taken a Christie's tower in a temple-shaped rotunda, uncovered to a flamboyant white gentle on a pedestal beneath an oculus.
For Alex Rotter, the rabbit represents the tip of the sculpture and the antithesis of Michelangelo's "good man," David.
"He's younger, he's muscular," stated Rotter, president of post-war artwork and up to date artwork at Christie's. "He has lengthy arms, robust legs. It’s carved by one of many biggest artists of all time with a chisel, in a block of the purest white marble. The tip of it isn’t a pc display screen as a result of it isn’t a sculpted determine. The tip is somewhat rabbit. "
The 1986 "Rabbit" was successful from the start. Newhouse purchased it in 1992 for about $ 1 million, a big sum on the time, in keeping with Rotter.
The value at Christie's, which incorporates the client's fee, brings Koons again to the highest of the artwork world. Koons had been the most costly residing artist at public sale final November, when he had been ousted by David Hockney, whose "Portrait of an Artist (Pool with Two Figures)" was promoting for 90.three million of .
Koons' earlier public sale reached $ 58.four million for a balloon orange canine, additionally at Christie's.