Jeff Koons' stainless steel sculpture "Rabbit" set a record on Wednesday when it sold for more than $91 million at Christie's in New York City. "Rabbit" is now the most expensive piece by a living artist to sell at auction. Christie's had estimated "Rabbit" would sell for between $50 and $70 million, CNN reports. The 1986 sculpture is over three feet tall, and comes from the collection of the late publisher S.I. Newhouse; there are two other "Rabbit" sculptures in the world, with one owned by the Broad Foundation in Los Angeles and the other promised to the Museum of Contemporary Art in Chicago. In November, David Hockney's "Portrait of an Artist (Pool with Two Figures)" set the record for most expensive work by a living artist to sell at auction, going for $90.3 million.

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