Art Investment

At Christie's will be a monumental "flower from a balloon" by Jeff Koons

A similar sculpture in 2008 brought 25.8 million dollars

Like its purple cousin, "A flower from a balloon (Blue)" go under the hammer at auction Christie's. Bidding will take place November 10 in New York. According to the auction house on the lot already has a guaranteed buyer. The lower estimate of - $ 12 million.

sculpture, which reaches a height of 3.3 meters, belongs to an extensive series of "The Triumph» (Celebration), a significant portion of which are enlarged copies of the various knick-knacks. "Flowers" was released and five copies of all different colors. He referred in our paper, for many years graced the Berlin Potsdamer Platz. Funds received from the sale of works will go to the needs of the collection Daimler. This collection, founded more than thirty years ago, nearly two thousand pieces. "A flower from a balloon, the company acquired directly from the artist, is one of its crown jewel.

Auction prices for sculptures in a series of" Celebration "took off during the art boom (2003 - 2008). In 2007, a New York collector Adam Lindemann (Adam Lindemann) sold the work of Koons "Suspended heart" for 23.6 million (sale Sotheby's). It is known that in less than two years before, Lindemann bought a creation in the gallery Gagosian "only" for 4 million.

and Lindemann, and the seller of purple "flowers" Howard Rachofski (Howard Rachofsky) received from the auction houses guarantee. In late 2008, after the failure of several guaranteed sverhdorogih lots, Sotheby's, Christie's and Phillips de Pury announced his withdrawal from this practice - but, as we see guarantees of return (although they provide a third party). So, Phillips already has a buyer for a watercolor by David Hockney (David Hockney) «Swimming in the autumn (Paper Pool 29), which appears in the auction in London on October 13. It is expected that work will bring at least 700,000 pounds.

Phillips also will present 13 works by German artists from the collection of Adam Lindemann. Collectors will have the chance to buy the work of Jonathan Meese (Jonathan Meese), Byuttsera Andre (Andre Butzer), Riley Anselm (Anselm Reyle). Abstract sculpture of the latter, incidentally, was rated most highly: 100-150 thousand pounds.

Sources: bloomberg.com , artinvestment.ru


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