JEFF KOONS (b. 1955)










Provenance
Gagosian GalleryPrivate Collection
Christie's New York: Tuesday, May 10, 2016 [Lot 0055B], Post-War and Contemporary Art Evening Sale
Private Collection
Literature
H.W.Holzwarth, Jeff Koons,Cologne, 2008 p.204 (another example illustrated in color).Hana Bank Membership Magazine, v.114,Summer, 2014,pp.4 and 5 (another example illustrated in color).
N. Wolfe, ed., Tory Burch: In Color, New York, 2014 p.100 (another example illustrated in color).
J. Kim, "A Magician of Creation and Destruction," Art, August 2014 (another ...More...example illustrated in color).
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History
Jeff Koons is the undisputed champion of controversy. For decades, his work and his methods have been a lightning rod. When iconic Rabbit (1986) sold for a record $91 million on May 15, 2019, the torch and pitchfork crowd came out en masse. Christie’s acknowledged the divisiveness in their pre-sale advertisement titled, “Rabbit by Jeff Koons — a chance to own the controversy,” then, subsequently tagged on an after-sale byline drawing the battlelines: “Vacuous, disposable and deathless. Exuberant, celebratory and perfect.” New York Times art critic Roberta Smith, decidedly less ambivalent, praised Rabbit as “the perfect work of art for its moment…that continues to speak to us.” Rabbit would provide the springboard to Koons’ international recognition and it is the work that prefigures his most ambitious and beloved series, Celebration; an ambitious collection of over thirty monumental sculptures and paintings that pay tribute to life’s big milestones: birthdays, marriage, parentage. It commenced in 1993, continued for ten years, and nearly bankrupted Koons with cost overruns and sundry delays that included Koons’ uncompromising vision for several sculptures placed on hold until the technology was in place to accomplish the task. Smooth Egg with Bow is a centerpiece of that lauded body of work, the Celebration series.
MoreMARKET INSIGHTS
- In 2019, Koons’ broke the record for most expensive living artist (previously held by David Hockney), when Rabbit sold for over $91M.
- Works comparable to Smooth Egg with Bow (Magenta/Violet) from the Celebration series have sold for up to $58M. Cracked Egg (Magenta), a similar subject, scale, and color, sold in 2014 for over $23.4M.
- The graph prepared by Art Market Research shows that in the past 10 years, sculptures by Koons have increased at a 12.5% annual rate of return.
Top Results at Auction




Comparable Sculptures Sold at Auction

- Same series (Celebration), different edition
- Same magenta color
- Sold for over $23.4M six years ago

- Same series (Celebration), shared magenta color
- Different edition, without the all-over highly reflective finish of the Smooth Eggs

- Same series (Celebration), different edition
- Shared magenta color
- Sold for over $5.4M at auction more than 10 years ago, and Koons’ market has grown significantly since then
Sculptures in Museum Collections



