Post by robeiae on May 16, 2019 7:34:53 GMT -5
...there's an awful lot of it out there. Proof: www.cnn.com/style/article/jeff-koons-rabbit-auction-record/index.html
It's not a bad sculpture, imo. Not my cup of tea, to be sure, but I can still appreciate it. Still, spending $91 million on it is pretty excessive.
Also, there's this:
Wait, $11 million in "auctioneer's fees"? I've been to auctions before and even but a few things. I remember when I bought two foo lion sculptures for the hefty price of $800. And I paid $800 plus tax; the person selling the piece was on the hook for any auctioneer's fees (i.e. the auction house took a cut). Has this dynamic changed, or is it different for super high-end stuff? Anyone know?
The American artist's "Rabbit," a stainless steel figure measuring just over 3 feet tall, sold for more than $91 million Wednesday evening at Christie's in New York, smashing auction estimates.
Also, there's this:
Christie's initially estimated that Koons' faceless "Rabbit" would sell for between $50 and $70 million. But after more than 10 minutes' bidding, the winning offer came in at $80 million which -- including auctioneer's fees -- resulted in a final sale price of $91,075,000.
