Shiny stainless steel Rabbit by Jeff Koons – £72M

Approximate value

In May 2019 a 3-foot-tall silver Rabbit, by Jeff Koons that was created in 1986, sold at an auction for £72 million at Christie’s in New York City, making Jeff Koons the world’s most expensive living artist.

Rabbit by Jeff Koons

“Rabbit,” was one of six auction items drawn from the collection of S.I. Newhouse Jr., a magazine magnate who died in 2017 at age 89. The trove also included works by Paul Cézanne, Vincent van Gogh, Roy Lichtenstein, Andy Warhol and Lucian Freud.

Writing for The New York Times, economist Allison Schrager describes the sale as demonstrative of the state of the current art market. Thanks to the rise of billionaire art collectors who push the merely millionaires out of the race for the most exclusive items, the art world has lost a class of middle-tier collectors who would typically invest in on-the-rise or second-tier artists.

Rabbit by Jeff Koons

When these less affluent collectors see a Hockney painting sell for £71.5 million, Schrager writes, they “assume the £40,000 work they can afford is not worth buying, especially if they can’t flip it for a quick profit at auction.”

“Rabbit” was cast in an edition of three, plus one artist’s proof. A Christie’s statement on the work provides an apt commentary on its place in the art world: “At once cute and imposing,” evocative of fun and frivolity while remaining inscrutable, the sculpture simultaneously embodies and rejects postmodern aesthetics. It’s alternately interpreted as a meaningless, lazy joke and a mirror for viewers, “reflecting us, incorporating us within the ever-shifting drama that plays out on its surface.”

The winning bid—which far exceeded Christie’s estimate of £40 to £60 million—was placed by art dealer Robert E. Mnuchin (father of Treasury Secretary Steven Mnuchin), who reportedly purchased on behalf of a client. The astronomical price tag just surpassed the £70.2 million record set by David Hockney’s “Portrait of an Artist (Pool With Two Figures)” last November. Ironically, Hockney’s short-lived record came at Koon’s expense, skyrocketing past the polarising artist’s existing 2013 record of £46 million.

Given the speed with which Hockney’s November 2018 record fell, it’s likely a new record-breaker will soon dethrone Koons, too. Who knows? Perhaps it will be Hockney once more, and the two artists will trade the title back and forth in perpetuity. After all, stranger things—say, a 3-foot-tall balloon animal sculpture selling for $90 million—have happened.

Balloon Dog Orange

The record-setting purchase is just the latest sale to confirm Jeff Koons as an artist of sculptural trophies preferred by the ultra-rich, after his Balloon Dog (Orange) sold for £46 million in 2013.

By Jeff Koons? Who is Jeff Koon?

Oddly enough, the artistic career of Koons, more than a linear path to success, has followed a different, controversial, and irregular trajectory: in 2017, a fall in demand for his more recent works combined with lower sale prices and various accusations of plagiary led to the downsizing of his studio (from 60 to 30 people).

By Jeff Koons

“There are so many strange, disconcerting aspects to Jeff Koons, his art and his career that it is hard to quite know how to approach his first New York retrospective, the Whitney Museum of American Art’s largest survey devoted to a single artist.”, wrote Roberta Smith in the New York Times.

So, for a better idea, we take a closer look at the origins of the American artist who first began at the Maryland Institute College of Art in Baltimore before graduating from the Art Institute of Chicago in 1976.

In 1977, the artist moved to New York, where he began work at the Museum of Modern Art, making a name for himself with his extravagant clothes and hair, not to mention his impressive ability to sell art. It was in this period that Koons began to work with the inflatable flowers and rabbits, using a combination of plastic, plexiglass, and mirrors to produce unexpected sculptures.

inflatable flowers Jeff Koons

Then, in 1980, he realised The New, a series of vacuums and polishers displayed in clear cases, followed just five years later by the Equilibrium series, which included sculptures of balloons floating in water: the first of Koons’ experiments on the fetishist fascination with consumer culture, which he would continue to develop over the years.

In 1986, he would showcase his stainless steel Rabbit in a collective exhibit at the Sonnabend Gallery of New York together with Peter Halley, Ashley Bickerton, and Meyer Vaisman, attracting the attention of critics.

That same year, Koons continued his research on the theme of decadent consumerism — particularly with the series Luxury and Degradation, incorporating images of liquor ads and sculptural renderings of travel bars, and Banality (1988), where he’d create oversized figurine sculptures, including the famous Michael Jackson and Bubbles.

Michael Jackson and Bubbles

They would be the first formal apparitions of advertising in the artistic language of Jeff Koons, which would also show up in Made in Heaven (1990-91), presented for the first time at the 1990 Venice Biennale: pornographic sculptures of the artist and his then-wife, Ilona Staller (La Cicciolina).

Made in Heaven Jeff Koons

“When I made it, I was just thinking about the ideas around me. I was involved with banal images. I realised that people respond to banal things; they don’t accept their history; not participating in acceptance within their being. I started then to take that into the body. Where do people start to feel guilt and shame and rejection of the self? I wanted to go into Made in Heaven with biology; procreation; looking at nature, and to deal with ideas of the eternal,” he told the Guardian years later in 2015.

In 1992, he brought his Puppy sculpture to Kassel for Documenta 9, a 12 meter tall West Highland Terrier made of dirt and flowers. The piece was such a success that after the exhibit, it was displayed in other cities like New York, Sydney, and Bilbao.

Puppy Jeff Koons

Over the last few years, Koons has reappeared on the international stage thanks to his exorbitantly priced pieces and the vibrantly coloured Bouquet of Tulips (inspired by the Statue of Liberty), installed in Paris in 2016 as a memorial to the victims of France’s recent terrorist attacks.

flowers Jeff moons

The work of Jeff Koons has also garnered its fair share of controversy. In a review of his exhibit at the Whitney, The New York Review of Books wrote: “Imagine the Jeff Koons retrospective at the Whitney Museum of American Art as the perfect storm. And at the centre of the perfect storm, there is a perfect vacuum. The storm is everything going on around Jeff Koons: the multimillion-dollar auction prices, the blue-chip dealers, the hyperbolic claims of the critics, the adulation and the controversy and the public that quite naturally wants to know what all the fuss is about. The vacuum is the work itself, displayed on five of the six floors of the Whitney, a succession of pop culture trophies so emotionally dead that museumgoers appear a little dazed as they dutifully take out their iPhones and produce their selfies”.

The Spectator has defined him “a slick brand manager rather than a tormented creative soul,” while for Roberta Smith, “Mr. Koons is a famous perfectionist who takes many years (“Play-Doh” is dated 1994-2014), spends much money and often ends up inventing new techniques to get exactly what he wants in both his sculptures and his paintings, which are made by scores of highly skilled artists whom he closely supervises”.

Jeff Koons

However you look at it, the career of Jeff Koons is truly one of a kind, whose rise to success is owed to the opening of roads that once seemed closed by minimalism: the proposition of something new, both accessible and avant-garde.

To see all Jeff Koon amazing creations visit:



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