Monday, November 18, 2013
Jeff Koons’ Balloon Dog (Orange) was sold for $58,4M and set a new record
During the Post-War & Contemporary Evening Sale at Christie's New York on 12 November, which totalized $691,583,000 (including buyer's premium), Jeff Koons’ Balloon Dog (Orange) realized $58,405,000 achieving world auction record for a living artist.
Signed and dated 'Jeff Koons 1994-2000' (on the underside), Balloon Dog (Orange) is a 121x143x45in (307.3x363.2x114.3cm) mirror-polished stainless steel "inflatable" sculpture with a translucent colour coating.
This work is one of five unique versions (Blue, Magenta, Orange, Red, Yellow), part of the highly acclaimed Celebration series of paintings and sculptures that Koons instigated in the early 1990s.
The one-ton metal balloon sculpture is formed by 60 parts welded together to produce the simple, but very suggestive shapes, as well to convey an illusion of weightlessness. Jeff Koons worked closely during years with a specialist foundry in California perfecting the meticulous colour coating that appears to hover abouve the stainless-steel surface.