Jeff Koons’ 12 foot sculpture “Balloon Dog” has broken records to become the most expensive piece of art by a living artist sold at auction. The giant stainless steel sculpture sold for $58.4 million (£36.8m) at Christie’s auction house in New York city last night.
“Balloon Dog”, which formed part of Koons’ “Celebration” series in 1994, is part of a series of five coloured sculptures in red, magenta, blue, orange and yellow. The “Ballon Dog” sculptures have been exhibited across the world, from the Grand Canal in Venice to the roof terrace of the Metropolitan Museum of Art in New York.
The 58-year-old US artist, who has often worked with inflatable scultpures, said: “The reason that I enjoy things that involve air is they’re a symbol of us. We’re breathing machines, we’re inflatables, we take air.”