Jeff Koons' Balloon Dog sells for record $58m along with Francis Bacon's Freud portraits
The artwork, which was auctioned in the same lot as Francis Bacon's triptych of Lucian Freud, has become the most expensive piece of art by a living artist
Jeff Koons’ 12 foot sculpture "Balloon Dog" has broken records to become the most expensive piece of art by a living artist sold at auction.
The giant stainless steel sculpture sold for $58.4 million (£36.8m) at an auction at Christie’s in New York last night.
The previous record for a living artist was set by a Gerhard Richter painting depicting an Italian city square, which sold in May for $37.1 million (£23.3m).
“Balloon Dog”, which formed part of Koons’ “Celebration” series in 1994, is part of a series of five coloured sculptures in red, magenta, blue, orange and yellow.
The "Ballon Dog" sculptures have been exhibited across the world, from the Grand Canal in Venice to the roof terrace of the Metropolitan Museum of Art in New York.
Speaking about the artwork, Koons told Christie’s: “When I made 'Balloon Dog', I wanted to make a piece that reflected the joy of celebrating a birthday or a party.
“The Balloon Dog is materialism and monumentality. In many ways it is like the Trojan horse.”
Koons' 'Balloon Dog' on show in Versailles
The 58-year-old US artist, who has often worked with inflatable scultpures, said: “The reason that I enjoy things that involve air is they’re a symbol of us. We’re breathing machines, we’re inflatables, we take air.”
The sculpture was sold last night at Christie’s in New York alongside Francis Bacon’s “Three Studies of Lucian Freud”, which was auctioned for a record $142 (£89.6m) million.
The triptych by Francis Bacon is the most expensive artwork to ever sell at a public auction.
Paul Cezanne’s painting “The Card Players” remains the most expensive painting ever, having been bought for $259 million in a private sale in 2011.
Robin Thicke admits he didn't write 'Blurred Lines'music
Review: Cilla, ITV TV
Arts & Ents blogs
- 1 Mario Balotelli: Staff at arson-hit Manchester Dogs' Home convinced Liverpool striker is behind five-figure donation
- 2 Friends 20th anniversary: Alison Jackson photographs reunited cast
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 4 The response to my Pizza Express review has been overwhelming, and taught me a lot about journalism
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
Game of Thrones star Maisie Williams cast in Channel 4 drama about cyber bullying
Jennifer Lopez and Iggy Azalea's 'Booty' music video is just a load of butts
Friends 20th anniversary: Alison Jackson photographs reunited cast
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written
The Walking Dead season 5 synopsis: Spoilers and existential questions revealed
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes