A Jeff Koons sculpture of a stainless steel heart hanging from a golden bow sold Wednesday (Nov 14) for $23.6 million, setting an auction record for a work by a living artist, a Sotheby’s spokeswoman said.

The bright magenta “Hanging Heart,” considered one of Koons’ most important works, set records for any living artist at auction, Sotheby’s spokeswoman Lauren Gioia said, breaking the previous record set by Damien Hirst’s “Lullaby Spring,” which sold for $19.5 million at Sotheby’s in London in June. [IHT]

Hanging Heart by Jeff Koons
Jeff Koons’ Hanging Heart (Image courtesy of Xinhuanet)

It is a lovely piece of art, but $23.6 million? I just can’t understand how artworks are priced.



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