Jeff Koons’ Biggest Blue Diamond, displayed in the plazaoutside Christie's in New York.
An eight-foot high simulation of a blue diamond by the American artist Jeff Koons has a display in New York ahead of its sale.
The diamond is actually made of polished steel and chromium, a key item in Christie's auction of contemporary art. It is expected to raise up to $20m. The figure is really ambitious, that would quadruple overnight the current record set for Koons work of art, a ceramic statue of Michael Jackson and his pet monkey Bubbles that goes $5.6m six years ago. But the art market is so buoyant, flush with Russian and Far Eastern money, that even great sales expectations are regularly exceeded. In May Andy Warhol's painting Green Car Crash (Green Burning Car I) sold for $71.7m as part of a Christie's auction that broke the highest pre-sale estimates by $80m.
Blue Diamond is part of Koons's Celebration series begun in 1994 that marks the commercialisation of birthdays, holidays, Valentine's Day and Easter. Three other Koons "diamonds" - in red, pink and green - are in private collections; and a fifth version in yellow is under way.
The diamond is actually made of polished steel and chromium, a key item in Christie's auction of contemporary art. It is expected to raise up to $20m. The figure is really ambitious, that would quadruple overnight the current record set for Koons work of art, a ceramic statue of Michael Jackson and his pet monkey Bubbles that goes $5.6m six years ago. But the art market is so buoyant, flush with Russian and Far Eastern money, that even great sales expectations are regularly exceeded. In May Andy Warhol's painting Green Car Crash (Green Burning Car I) sold for $71.7m as part of a Christie's auction that broke the highest pre-sale estimates by $80m.
Blue Diamond is part of Koons's Celebration series begun in 1994 that marks the commercialisation of birthdays, holidays, Valentine's Day and Easter. Three other Koons "diamonds" - in red, pink and green - are in private collections; and a fifth version in yellow is under way.
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