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Koons' silver bunny has new owner - at "living artist" record of $91m

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A three foot tall stainless steel bunny called "Rabbit", one of four cast in 1986 by Jeff Koons, last month became the highest price ever received by a living artist. The other three replicas are housed in art museums in Los Angeles, Chicago and Qatar. The piece, auctioned by Christies, was knocked down for $91m to art dealer Robert Mnuchin, father of the US's Treasury Secretary Steven. The piece was sold out of the estate of Conde Nast magazine publisher SA Newhouse and reinstates Koons as the world's best highest priced living artist. He held the distinction since 2013 when his Balloon Dog sold for $58m, but that was surpassed last year when a painting by David Hockney was sold for $90.3m. In this podcast Bloomberg's Katya Kazakina reports on the auction - which also saw a new record for an impressionist painter when a work by Claude Monet fetched $110m.    Learn more about your ad choices. Visit megaphone.fm/adchoices
6 Jun 2019 6AM English South Africa Investing · Business News

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