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This $132 million stainless steel rabbit broke a global auction record

A sculpture of a" Rabbit" by Jeff Koons. Source: Getty

Jeff Koons’ silver rabbit sculpture has become the most expensive work by a living artist ever to be auctioned off.

The rabbit, which stands at just under a metre tall (91 centimetres), is made of stainless steel and was sold at Manhattan auction house Christie’s for US$91.1 million (AU$132 million).

According to the auction house, the rabbit sculpture is based on an inflatable children’s toy, and Bloomberg reported it was purchased by art dealer, Bob Mnuchin, who made the winning bid for Koons’ artwork for a client.

NY Post reported Koons’ rabbit surpasses the previous record set last November by British painter David Hockeny’s “Portrait of an Artist (Pool with Two Figures)” which sold for US$90.3 million (AU$130.6 million).

English artist David Hockney's 'Portrait of an Artist (Pool with Two Figures)'. Source: Getty

It follows the sale of Claude Monet’s “Meules” painting in his ‘Haystacks’ series, which was snatched for a cool US$110.7 million (AU$160 million) overnight.

Reuters reported this was the highest sum ever paid at auction for a painting by Monet.

"Meules" by Claude Monet. Source: Getty

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