Urgent Jeff Koons Buy Alert !!! – artmarketblog.com
As one of the world’s most desirable artists, an artwork by Jeff Koons should be on the “must have list” of every art collector and art investor. A further incentive to secure a part of the phenomenon that is Jeff Koons is the $65 million dollars that the owner of Christie’s auction house, Francois Pinault, is rumoured (according to ARTINFO) to have just paid for the Koons “Rabbit” sculpture. If this rumour is true, the price Pinault paid for “Rabbits” is more than double the auction record for Koons and almost double the auction record for a work by a living artist ($33.6 million) which Lucien Freud achieved with “Benefits Supervisor Sleeping” in May of this year (taking the record from Koons’ “Hanging Heart”).
Another event that is sure to increase the desirability of Koons’ work is the Jeff Koons retrospective currently being held at the Chicago Museum of Contemporary Art until the 21st of September.
If you can’t afford a seven figure price tag then keep reading because I am about to tell you where you can purchase a Jeff Koons artwork that could actually be called affordable. As part of their fund raising efforts, The American Friends of the Tel Aviv Museum of Art (AFTAM) are offering an exclusive limited edition Jeff Koons silkscreen created specificallly for the AFTAM titled “Monkey Train (Blue), 2007″. Each print from the edition of 40 is printed on heavy, acid-free, archival paper and is signed, numbered, and dated in pencil. The price of each print is a relatively affordable $30,000 (beg or burrow for this one) $5000 of which is tax deductible in America according to a press release from the AFTAM (other countries refer to own tax rules regarding deductions). For more information or to purchase the print go here
If $30,000 is beyond your budget then you might like to consider another Koons edition in the form of a towel being sold by the Chicago Museum of Contemporary Art in conjunction with their Koons retrospective. This limited edition towel which features the same image as the AFTAM print is an edition of 2000, is 100% cotton and measures 60″x70″. According to the Chicago Museum website, “This edition made it’s premiere during Art Basel Miami 2007 and half of the proceeds generated from sales of this towel support the Koons Family Institute, a resource of the International Centre for Missing & Exploited Children.” Each towel costs $60 and yes, even a Jeff Koons towel is worth collecting.
I would strongly suggest that anyone considering purchasing a work by Jeff Koons should do so now because if the rumour of the $65 million sale is true then the desirability of Koons’ work will increase dramatically. Even if the rumour proves to be untrue you should still buy a Koons now because the future looks extremely promising for the value of Koons’ work.
**Nicholas Forrest is an art market analyst, art critic and journalist based in Sydney, Australia. He is the founder of http://www.artmarketblog.com, writes the art column for the magazine Antiques and Collectibles for Pleasure and Profit and contributes to many other publications.