Damn, That Was One Expensive Balloon

Jeff Koons Well, looks like Howard and Cindy Rachofsky done got 'em a little extra spending cash, as they finally parted with their beloved Jeff Koons sculpture, "Balloon Flower (Magenta)," for $25,648,698 -- or, about $1.5 million more than experts initially guesstimated. No wonder, then, that Christie's is heralding the...

By Robert Wilonsky

June 30, 2008

[
        {
          "name": "Air - MediumRectangle - Inline Content - Mobile Display Size",
          "component": "18855504",
          "insertPoint": "2",
          "requiredCountToDisplay": "2"
        },{
          "name": "Editor Picks",
          "component": "17105533",
          "insertPoint": "4",
          "requiredCountToDisplay": "1"
        },{
          "name": "Inline Links",
          "component": "18349797",
          "insertPoint": "8th",
          "startingPoint": 8,
          "requiredCountToDisplay": "7",
          "maxInsertions": 25
        },{
          "name": "Air - MediumRectangle - Combo - Inline Content",
          "component": "17105532",
          "insertPoint": "8th",
          "startingPoint": 8,
          "requiredCountToDisplay": "7",
          "maxInsertions": 25
        },{
          "name": "Inline Links",
          "component": "18349797",
          "insertPoint": "8th",
          "startingPoint": 12,
          "requiredCountToDisplay": "11",
          "maxInsertions": 25
        },{
          "name": "Air - Leaderboard Tower - Combo - Inline Content",
          "component": "17105535",
          "insertPoint": "8th",
          "startingPoint": 12,
          "requiredCountToDisplay": "11",
          "maxInsertions": 25
        }
      ]

Jeff Koons

Well, looks like Howard and Cindy Rachofsky done got 'em a little extra spending cash, as they finally parted with their beloved Jeff Koons sculpture, "Balloon Flower (Magenta)," for $25,648,698 -- or, about $1.5 million more than experts initially guesstimated. No wonder, then, that Christie's is heralding the purchase as a world record -- most money ever paid for a kiddie party favor. It was purchased by "an unidentified telephone bidder," which is how I like to handle all of my business transactions. --Robert Wilonsky

Become A Member

BEFORE YOU GO...
Can you help us continue to share our stories? Since the beginning, Dallas Observer has been defined as the free, independent voice of Dallas — and we'd like to keep it that way. Our members allow us to continue offering readers access to our incisive coverage of local news, food, and culture with no paywalls.