City Beat

Koons sculpture similar to Sacramento’s goes for $13.3 million

The city of Sacramento and the Sacramento Kings have an agreement to buy an $8 million sculpture from world-renowned artist Jeff Koons. The sculpture would be showcased within the downtown arena plaza.
The city of Sacramento and the Sacramento Kings have an agreement to buy an $8 million sculpture from world-renowned artist Jeff Koons. The sculpture would be showcased within the downtown arena plaza.

Sacramento finally has something in common with Cannes.

A sculpture from renowned artist Jeff Koons’ “Coloring Book” collection sold Thursday for a reported $13.3 million at the amfAR Cinema Against AIDS auction at the Hotel du Cap-Eden Roc near Cannes, France.

That’s the same Koons collection that includes an $8 million sculpture purchased earlier this year by the city of Sacramento, the Sacramento Kings and three Kings owners to be displayed outside the new downtown arena.

The $13.3 million price the sculpture fetched in Cannes doesn’t necessarily mean the Sacramento artwork is worth that much. Art and other items went for outrageous prices to, as Variety Magazine put it, the “crowd of A-list celebrities, oligarchs and other rich-and-famous” at the Cannes event. Case in point: a private dinner with Leonardo DiCaprio on his yacht went for $280,000.

The glitterati are in town for Cannes Film Festival, which runs through May 24.

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