Jeff Koons “Elephant” (Purple) Sold for $593,560 at Sotheby’s Paris Sale

Jeff Koons - "Elephant" (Purple) - Sold for €400,000 ($593,560 / £362,812) at Sotheby's Paris Sale of Contemporary Art Photo: Sotheby's Images

PARIS.- Sotheby’s biannual Evening
Sale of Contemporary Art in Paris realised the remarkable total of €8,051,100
(£7,302,584 /$11,947,027), far surpassing pre-sale expectations of
€4,680,000-6,440,000* ($6,938,240-9,547,493/£4,192,797-5,769,575).
The
auction saw all but one lot sell, achieving the joint-highest sell-through rate
of 96.3% for a Sotheby’s Paris Evening Sale of Contemporary Art, and established
a sold-by-value rate of 98.1% – the second-highest for an Evening Sale of
Contemporary Art at Sotheby’s Paris.