A playful rabbit sculpture by Jeff Koons has become the most expensive work by a living artist ever to sell at auction.
The American artist's "Rabbit" a stainless steel figure measuring just above 3 feet tall, sold for more than $ 91 million Wednesday evening at Christie's in New York, smashing auction estimates.
Jeff In his record-breaking sculpture in 2009. Credit: BEN STANSALL / AFP / AFP / Getty Images
Christie's initially estimated that Koons' faceless "Rabbit" would sell for between $ 50 and $ 70 million. But the winning bid came in at $ 80 million which – after auctioneer's fees – resulted in a final sale price of $ 91,075,000.
Prior to Wednesday's sale, Christie's described the sculpture as "one of the most iconic works of 20th-century art."
"It is crisp and cool in its appearance, yet taps into the visual language of childhood," read a sale preview on the auction house's website. "Its lack of facial features renders it inscrutable, yet its form evokes fun and frivolity." The American artist's 'Rabbit' sold for more than $ 91M. “/>
The American artist's "Rabbit" sold for more than $ 91M. Credit: Courtesy Christie's