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Rabbit (Koons)

Rabbit is a 1986 series of three identical stainless steel sculptures by Jeff Koons. One of the editions of Rabbit is the most expensive work sold by a living artist at auction, being sold for $91.1 million in May 2019.[1]

Rabbit
ArtistJeff Koons
Year1986 (1986)
MediumStainless steel sculpture
SubjectRabbit

History edit

In May 2019, the sculpture was auctioned for $91.1 million, breaking the auction record for an artwork by a living artist.[2] The work, which was sold by the estate of the late magazine publisher S. I. Newhouse, was one in an edition of three (plus an artist's proof) and the last still held in private hands.[3] It was later revealed that the art dealer Robert Mnuchin purchased the work for the billionaire hedge fund manager Steven A. Cohen.[4]

In the initial sale of the work, Koons's art dealer Ileana Sonnabend kept one edition and sold the other two for $40,000 each: to the advertising magnate Charles Saatchi, and the painter Terry Winters.[5] In 1991, Saatchi sold the piece to American collector Stefan Edlis for $945,000.[6] Around the same period, Larry Gagosian brokered the deal between Winters and Newhouse, for $1 million.[7] In 2011, at Abu Dhabi Art, Gagosian remembered it as his favorite art deal and "the one transaction that stands out the most." Gagosian regretted not being able buy the piece himself, stating it was "a startling price at the time, a million dollars."

After Sonnabend's death in October 2007, her heirs sold her edition of the piece as part of a package of art works for $400 million to GPS Partners – set up by the art dealers Philippe Ségalot, Lionel Pissarro, and Franck Giraud, on behalf of a consortium of collectors including Carlos Slim, Sammy Ofer, François Pinault, and Qatar's ruling Al Thani family.[2]

In 2000, Edlis's edition of Rabbit was given as a partial donation to the Museum of Contemporary Art in Chicago, where it is still on display.[6]

The other edition of Rabbit is part of the permanent collection of The Broad in Los Angeles, where it is on view to the public as part of the museum's collection of Koons works.[8]

See also edit

References edit

  1. ^ Lang, Kirsty (2016-11-25). "Meet Jeff Koons, the world's most expensive living artist". The Sunday Times. from the original on 2021-12-19. Retrieved 2021-12-11.
  2. ^ a b Reyburn, Scott (May 15, 2019). "Jeff Koons 'Rabbit' Sets Auction Record for Most Expensive Work by Living Artist". The New York Times. from the original on May 16, 2019. Retrieved May 16, 2019.
  3. ^ "Jeff Koons' 'Rabbit' Fetches $91 Million, Auction Record For Work By A Living Artist". NPR. from the original on 2 August 2019. Retrieved 2 August 2019.
  4. ^ "Mnuchin's Dad Bought a $91 Million Rabbit for Billionaire Steve Cohen". Vanity Fair. from the original on 14 August 2020. Retrieved 2 August 2019.
  5. ^ Freeman, Nate (2019-04-19). "Why Jeff Koons's "Rabbit" Could Sell for up to $70 Million". Artsy. from the original on 2019-04-22. Retrieved 2019-12-08.
  6. ^ a b "Stefan Edlis, Who Went From Refugee to Eminent Art Collector and Museum Patron, Has Died at Age 94". artnet News. 2019-10-16. from the original on 2020-12-22. Retrieved 2019-12-10.
  7. ^ Larry Gagosian and Jeff Koons at Abu Dhabi Art 2011, from the original on 2019-12-21, retrieved 2019-12-08 – via YouTube
  8. ^ "Rabbit – Jeff Koons | The Broad". from the original on 2022-05-27. Retrieved 2022-06-04.

Further reading edit

  • "The 10 Moments That Defined Art in the 2010s". Artsy. December 16, 2019. from the original on January 15, 2022. Retrieved December 29, 2019.

External links edit

  • Rabbit – jeffkoons.com

rabbit, koons, rabbit, 1986, series, three, identical, stainless, steel, sculptures, jeff, koons, editions, rabbit, most, expensive, work, sold, living, artist, auction, being, sold, million, 2019, rabbitartistjeff, koonsyear1986, 1986, mediumstainless, steel,. Rabbit is a 1986 series of three identical stainless steel sculptures by Jeff Koons One of the editions of Rabbit is the most expensive work sold by a living artist at auction being sold for 91 1 million in May 2019 1 RabbitArtistJeff KoonsYear1986 1986 MediumStainless steel sculptureSubjectRabbit Contents 1 History 2 See also 3 References 4 Further reading 5 External linksHistory editIn May 2019 the sculpture was auctioned for 91 1 million breaking the auction record for an artwork by a living artist 2 The work which was sold by the estate of the late magazine publisher S I Newhouse was one in an edition of three plus an artist s proof and the last still held in private hands 3 It was later revealed that the art dealer Robert Mnuchin purchased the work for the billionaire hedge fund manager Steven A Cohen 4 In the initial sale of the work Koons s art dealer Ileana Sonnabend kept one edition and sold the other two for 40 000 each to the advertising magnate Charles Saatchi and the painter Terry Winters 5 In 1991 Saatchi sold the piece to American collector Stefan Edlis for 945 000 6 Around the same period Larry Gagosian brokered the deal between Winters and Newhouse for 1 million 7 In 2011 at Abu Dhabi Art Gagosian remembered it as his favorite art deal and the one transaction that stands out the most Gagosian regretted not being able buy the piece himself stating it was a startling price at the time a million dollars After Sonnabend s death in October 2007 her heirs sold her edition of the piece as part of a package of art works for 400 million to GPS Partners set up by the art dealers Philippe Segalot Lionel Pissarro and Franck Giraud on behalf of a consortium of collectors including Carlos Slim Sammy Ofer Francois Pinault and Qatar s ruling Al Thani family 2 In 2000 Edlis s edition of Rabbit was given as a partial donation to the Museum of Contemporary Art in Chicago where it is still on display 6 The other edition of Rabbit is part of the permanent collection of The Broad in Los Angeles where it is on view to the public as part of the museum s collection of Koons works 8 See also edit nbsp Visual arts portal 1986 in art 2019 in art List of most expensive sculpturesReferences edit Lang Kirsty 2016 11 25 Meet Jeff Koons the world s most expensive living artist The Sunday Times Archived from the original on 2021 12 19 Retrieved 2021 12 11 a b Reyburn Scott May 15 2019 Jeff Koons Rabbit Sets Auction Record for Most Expensive Work by Living Artist The New York Times Archived from the original on May 16 2019 Retrieved May 16 2019 Jeff Koons Rabbit Fetches 91 Million Auction Record For Work By A Living Artist NPR Archived from the original on 2 August 2019 Retrieved 2 August 2019 Mnuchin s Dad Bought a 91 Million Rabbit for Billionaire Steve Cohen Vanity Fair Archived from the original on 14 August 2020 Retrieved 2 August 2019 Freeman Nate 2019 04 19 Why Jeff Koons s Rabbit Could Sell for up to 70 Million Artsy Archived from the original on 2019 04 22 Retrieved 2019 12 08 a b Stefan Edlis Who Went From Refugee to Eminent Art Collector and Museum Patron Has Died at Age 94 artnet News 2019 10 16 Archived from the original on 2020 12 22 Retrieved 2019 12 10 Larry Gagosian and Jeff Koons at Abu Dhabi Art 2011 archived from the original on 2019 12 21 retrieved 2019 12 08 via YouTube Rabbit Jeff Koons The Broad Archived from the original on 2022 05 27 Retrieved 2022 06 04 Further reading edit The 10 Moments That Defined Art in the 2010s Artsy December 16 2019 Archived from the original on January 15 2022 Retrieved December 29 2019 External links editRabbit jeffkoons com Retrieved from https en wikipedia org w index php title Rabbit Koons amp oldid 1215456343, wikipedia, wiki, book, books, library,

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