Koons' 'Pink Panther' sculpture to sell at Sotheby’s in New York

Written by Associated Press

Monday, 14 March 2011 11:09

Jeff Koons’ ‘Pink Panther’ porcelain sculpture; height: 41 inches; width: 20 1/2 inches; depth: 19 inches. Executed in 1988, this work is the artist’s proof from an edition of three plus one artist’s proof. It has a $20 million-$30 million estimate. Image courtesy of Sotheby’s.

NEW YORK (AP) – Jeff Koons' porcelain sculpture of a pink panther hugging a bare-breasted blonde is coming to a New York City auction. It's estimated to bring $20 million to $30 million.

Sotheby's is selling Pink Panther on May 10. There were three editions made of the work; the one up for auction is the artist's proof.

One was sold at Christie's in 1999 for $1.8 million, reportedly to the newsprint magnate Peter Brant. The others are in the Museum of Modern Art and the Museum of Contemporary Art in Chicago.

Sotheby's did not identify the seller of the artist's proof. But The New York Times says it's the publisher Benedikt Taschen.

Koons' Balloon Flower Magenta sold for $25.7 million in 2008 at Christie's. It set a record for the artist.

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Online:

www.sothebys.com

AP-CS-03-11-11 1203EST

ADDITIONAL IMAGE OF NOTE

Last Updated on Monday, 14 March 2011 11:19