Image via 360b / Shutterstock.com

Jeff Koons has once again bagged the title of living artist whose artwork has fetched the highest price at an auction.

His stainless steel sculpture, Rabbit (1986), hopped to the top when it was sold on Wednesday evening for US$91.1 million, including fees, at auction house Christie’s in New York.

The American artist had sustained the spot for a good five years with his US$58.4 million Balloon Dog installation before being dethroned by English painter David Hockney in November 2018. Hockney’s Portrait of an Artist (Pool with Two Figures) was sold at US$90,312,500, including fees.

The three foot-tall Rabbit embodies Koons’ playful, glossy and minimal art style that evokes memories of childhood yet remains imposing. It is one of four Rabbit installations created by the artist, and resembles balloon figures that he found on Canal Street in New York.

Suzanne Gyorgy, global head of art advisory and finance, tells Christie’s that the piece flaunts “the magic” of appearing realistic, all while “being incredibly abstract.”

[via Barrons, images via various sources]

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