Jeff Koons’ Pink Panther sculpture could fetch a record price for the artist
The works of art created by celebrated American artist Jeff Koons are always the limelight of the auctions. Some of his iconic works include the Blue Diamond (2005) that went for a cool $11.8 million and the 3,500-pound, hot-pink Hanging Heart that fetched a whopping $23.6 million. Now, Jeff Koons’ iconic “Pink Panther” sculpture is being expected to go for as much as $30 million when it’s the block in May. Sotheby’s said on Friday that the sculpture could set a new record for the artist. The 1988 porcelain sculpture shows a semi-naked blonde woman holding a large pink panther toy. There are only three of these, and the others are with the Museum of Modern Art in New York, Chicago’s Museum of Contemporary Art and a private U.S. collection.
Koons’s Pink Panther sculpture is one of the major highlights of Sotheby’s contemporary art auction on May 10. Tobias Meyer, Sotheby’s worldwide head of contemporary art, said…
Pink Panther is one of the most outstanding achievements of Jeff Koons’ illustrious career. It is immediately identifiable as a masterpiece not only of the artist’s historic canon, but also of the epoch of recent Contemporary Art.
Until now, the record price paid for Koons’ work is $25.7 million, when “Balloon Flower (Magenta)” was sold for $25.7 million in 2008. This auction is definitely going to be one of the most important upcoming auctions of 2011.