Jeff Koons’ iconic sculpture of a Pink Panther hugging a bare-breasted blonde is estimated to bring $20 million to $30 million at Sotheby’s Spring Sale of Contemporary Art auction on May 10. The porcelain sculpture is the artist’s proof from an edition of three with the other examples in the Museum of Modern Art in New York, the Museum of Contemporary Art in Chicago and a prominent private American collection, and belongs to the artist’s iconic Banality series that includes Michael Jackson and Bubbles, Bear and Policeman and Ushering in Banality.
Pink Panther is one of the most outstanding achievements of Jeff Koons’s illustrious career. It is immediately identifiable as a masterpiece not only of the artist’s historic canon, but also of the epoch of recent contemporary art, said Tobias Meyer, Sotheby’s worldwide head of contemporary art about the vibrant pink-and-yellow work.
The works of art created by celebrated American artist are always the limelight of the auctions. Some of his iconic works include the Blue Diamond (2005) that went for a $11.8 million and the 3,500-pound, hot-pink Hanging Heart that fetched a whopping $23.6 million. Until now, the record price paid for Koons’ work is $25.7 million, when Balloon Flower (Magenta) was sold for in 2008. Lucian Freud holds the auction record for a work by a living artist, with $33.6 million for Benefits Supervisor Sleeping, also set in spring 2008.
The Pink Panther, is the legendary character, introduced in the 1963 Peter Sellers film of the same name, which went to create the Pink Panther movie franchise as well as inspired the licensing for everything from toys to breakfast cereal in the US.