Steve Mnuchin's dad buys Jeff Koons' 'Rabbit' sculpture for record $91M

A security guard stands next to Jeff Koons'

Jeff Koons 'Rabbit' sculpture goes for record $91M

The sculpture was cast in 1986 in an edition of just three, plus an artist's proof.

A three-foot stainless-steel rabbit holding a carrot reportedly sold at a record $91.07 million at Christie's Auction House in NY on Wednesday.

The previous record for a living artist's work sold at auction was set by British artist David Hockney.

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His 1972 Portrait of an Artist (Pool with Two Figures) brought in 90.3 million dollars at Christie's past year. On Tuesday, one of the few paintings in Claude Monet's celebrated "Haystacks" series that still remains in private hands sold at Sotheby's in NY for $110.7 million (£80m) - a record for an Impressionist work.

The playful, stainless steel, 104-centimetre-high rabbit had an estimated sale price of at least $50 million and is regarded as one of the most celebrated works of 20th-century art.

"It is crisp and cool in its appearance, yet taps into the visual language of childhood", read a sale preview on the auction house's website. Another is kept at the Broad Foundation, in Los Angeles, while the third has been promised to the Museum of Contemporary Art in Chicago by its owners, according to Christie's. "Its lack of facial features renders it inscrutable, yet its form evokes fun and frivolity". It has not been publicly exhibited for more than 30 years.

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More than 50 other artworks were sold at the evening sale, generating a total of nearly $540 million.

The sale follows another record-setting auction price this week.

The 1986 "rabbit" sculpture by Jeff Koons is 1 of 3 in existence.

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The sale comes in the same week a Claude Monet Haystacks painting sold in NY for $110.7m - a record for the French artist.

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