Jeff Koons BMW M3 GT2 Art Car – 1:18 Scale Model

In 2010, Jeff Koons was asked by BMW to design an M3 GT2 as part of the automaker’s ongoing Art Car project. American artist, best known for his balloon animals cast in stainless steel and massive topiary sculptures (we wrote about his iconic sculpture of a
Pink Panther) has done his job perfectly. BMW M3 GT2 by Jeff Koons 1:18 Art Car Model When Koons was asked to contribute a scale model of the BMW M3 GT2 he considered it a very special challenge, which is why he consulted with BMW head of design, Adrian van Hooydonk, on how best to model the air inlets and wings. So, now you can have your own version in 1:18 scale model, featured on the BMW M3 GT2 that raced in Le Mans. 1:18 scale model of BMW M3 GT2, in all its streaky multi-colored glory is now art that you can own, available starting in December through the BMW Shop. It comes packaged on an acrylic platform with transparent top, and can be your for a price tag of $224 a piece. BMW M3 GT2 by Jeff Koons 1:18 Art Car Model BMW M3 GT2 by Jeff Koons 1:18 Art Car Model

Disappointing Sotheby’s $128 million Contemporary and Post-war Art Sale

Andy Warhol's Sixteen Jackies and Rounded Jackie A presenter stands beside Andy Warhol’s Sixteen Jackies and Rounded Jackie Sotheby’s New York evening sale of contemporary art on May 10, 2011, totaled $128 million, just above the $121 million low estimate. The auction, which featured 58 contemporary works by artists such as Andy Warhol and Jeff Koons, ended with total 49 of 58 lots selling, or 84.5 percent. The result is a drop from Sotheby’s performance in fall 2010 ($222.5 million), spring 2010 ($190 million) and fall 2009 ($134.4 million). The low of $47 million was set in May 2009, while the record high of $362 million was made in May 2008. As usual, Andy Warhol was the coin of the realm, taking four of the ten top prices. Warhol’s canvas, Sixteen Jackies, sold for $20.4 million with another, Shadow – Red selling for 4.8 million, far above the estimate of $700,000-900,000. Sixteen Jackies, 16 print painted panels in acrylic and silkscreen ink on canvas narrowly avoided failure thanks to a single $18 million bid that did not match the $20 million low estimate. (The price, $20.24 million with the additional sale charge.)

Jeff Koons’ Pink Panther Sculpture Sells for Meager $16.8 Million

Pink Panther Sculpture by Jeff Koons Jeff Koons’ iconic Pink Panther sculpture has fetched $16.8 million at the Sotheby’s Spring Sale of Contemporary Art. The 1988 porcelain sculpture of a blonde woman hugging a pink panther toy it was earlier expected to sell for between $20 million and $30 million. There were three editions made of the work, the one at Tuesday’s auction is the artist’s proof. One was sold at Christie’s in 1999 for $1.8 million, reportedly to the newsprint magnate Peter Brant. The others are in the Museum of Modern Art and the Museum of Contemporary Art in Chicago.

Spring Art Auctions Begin This Week

The major spring art auctions begin this week and will feature many instantly recognizable works by artists like Warhol, Koons and Picasso. The rapidly rebounding art market faces a critical test next week in New York, when auction houses will try to sell a mix of Impressionist, modern and contemporary works valued at nearly $1 billion. A dozen works are each priced near $20 million. Here are some highlights:

Jeff Koons’ Iconic Pink Panther Sculpture to Highlight Sotheby’s Spring Sale of Contemporary Art

Jeff Koons' Iconic Pink Panther Sculpture Jeff Koons’ Iconic Pink Panther Sculpture 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.