A giant sculpture by American artist Jeff Koons titled Balloon Monkey (Magenta) will go under the hammer at London auction house Christie’s.
The sculpture was donated to Christie’s by Ukrainian billionaire couple Victor and Olena Pinchuk and the money raised will go towards vital funds for humanitarian aid for Ukraine.
The iconic four-meters-high art piece is estimated to fetch between at least £6,000,000 to £10,000,000. Koons’ sculptures are among some of the most expensive to have ever been sold at auction. “The orange version of this sculpture sold for 25 million dollars in New York, not that many years ago,” says Arnold.
The sculpture will stand in St James’s Square adjacent to Christie’s UK headquarters in London until 3 July 2022.
“We very much hope that people will come and see it and enjoy it and see it flanked by trees and in an environment they can imagine at home,” says Katharine Arnold, head of post-war and contemporary art at Christie’s.