art + beat

Tell us what you did during the great recession of '11, daddy !!

PINK PANTHER-1988
porcelain, 41 x 201/2  x 19"

Jeff Koons ( American , born 1955 )

From the NYT : "In 1999 at Christie’s he bought Jeff Koons’s “Pink Panther,” a 1998 porcelain sculpture of the hapless-looking cartoon cat being hugged by a buxom, topless blonde, for $1.8 million, which at the time seemed a very high price. But on Tuesday night another “Pink Panther,” belonging to the publisher Benedikt Taschen, was on offer with an estimate of $20 million to $30 million; it sold to a lone telephone bidder who was talking to Patti Wong, chairman of Sotheby’s Asia. The sum was undisclosed, but a tiny symbol in the catalog indicated that Sotheby’s already had what it calls an irrevocable bid going into the sale — meaning that the buyer had already agreed to buy the art, and must be paying the $20 million low estimate.."

well no, actually it sold for the 

BARGIN PRICE of

16,900,000$ !!

Sixteen point nine million dollars, I am sure that all the fees and such that Christie's adds on pushed it over the 20 million asking. Me and the wanker... me and the wanker.

In the same auction, "Andy Warhol's 1964 work ”Sixteen Jackies” was the top prize at Sotheby's contemporary art sale on Tuesday; it sold for $20.2 million, at its low estimate, after attracting only two bidders." 


FULL STORY FROM THE TIMES ( AND IF I AM NOT MISTAKEN, LINKS DO NOT COUNT TOWARDS YOUR FREE 20 )