On display outside Christie's at Rockefeller Center is one of five unique versions of sculptor JEFF KOONS' "Baloon Flower (Blue)." Executed in 1995-2000, the piece is made of high chromium stainless steel with transparent color coating, 133 1/4 x 112 1/4 x 103 3/8 inches. I made these images last night. The estimated value of this piece is $12,000,000-16,000,000. The sculpture will be auctioned on November 10, and its performance that evening will be closely watched as a gauge of the uppermost echelon of today's art market. In November 2007, Jeff Koons's "Hanging Heart (Magenta/Gold)" sold for $23.6 million at Sotheby's New York, setting a world auction record for a work by a living artist. In June 2008, Balloon Flower (Magenta)," surpassed that price, fetching $25.7 million in a Christie's showroom.
Jeff Koons (born January 21, 1955) is an American artist known for his reproductions of banal objects—such as balloon animals and flower produced in stainless steel with mirror finish surfaces. Balloon Flower (Red) is installed at 7 World Trade Center in downtown Manhattan.