A silver rabbit sculpture by artist Jeff Koons was sold for $ 91 million at auction house Christie's in Manhattan on Wednesday, setting the record for the largest amount for a work of art by an artist living.
Koons' "rabbit" surpassed the previous record set last November when "Portrait of an Artist (Pool with Two Figures)" by British painter David Hockney sold for $ 90.3 million. Both totals include auction fees.
Art dealer Bob Mnuchin, the father of the Treasury Secretary, Steven Mnuchin, made a winning bid for Koons work, Bloomberg announced. Mnuchin made the purchase for a customer, according to the report.
The sculpture, which measures a little over 3 feet tall, is made of stainless steel and is based on an inflatable toy for children, according to the auction house.
"Few works of art of his generation can have the same instant recognition: it's on the cover of books, exhibition catalogs and magazines," says Christie's.
"A monumental explosive version was even featured at Macy's Thanksgiving Day parade in 2007."