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Koons' silver Rabbit sets living artist record

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Chris Powell

GATA

Published : May 18th, 2019

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	* * * By Katya Kazakina and Allison McCartney Bloomberg News Thursday, May 16, 2019 It was another heady auction night in New York. Minutes after Robert Rauschenberg's painting Buffalo II fetched $88.8 million at Christie's -- almost five times the late artist's previous auction record -- Jeff Koons's sculpture of an inflatable silver bunny topped that at $91.1 million, the most ever paid for a work by a living artist at auction. The Koons led Christie's postwar and contemporary art sale today, which totalled $539 million, up 36 percent from a year ago. The evening saw seven new artist records, with a $32.1 million spider sculpture by Louise Bourgeois joining Koons and Rauschenberg. The 1986 Rabbit was bought by art dealer Bob Mnuchin, U.S. Treasury Secretary Steven Mnuchin's father, who was in the midtown Manhattan salesroom and said he made the purchase on behalf of a client. Estimated at $50 million to $70 million, it was part of a group of works consigned by the family of late media mogul Si Newhouse. ... ... For the remainder of the report: https://www.bloomberg.com/graphics/2019-may-art-auctions/ *** * ***

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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