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The same material of stainless steel was used for the statue of Kiepenkerl.
After being rebuilt in the 1950s, the figure of the itinerant trader was replaced by Jeff Koons in 1987 for the decennial Skulptur Projekte exhibition.
His works have sold for substantial sums, including at least one world record auction price for a work by a living artist.
On November 12, 2013, Koons's Balloon Dog (Orange) sold at Christie's Post-War and Contemporary Art Evening Sale in New York City for US.4 million, above its high US million estimate, becoming the most expensive work by a living artist sold at auction.
Koons has stated that there are no hidden meanings in his works, As a teenager he revered Salvador Dalí so much that he visited him at the St. Koons studied painting at the School of the Art Institute of Chicago and the Maryland Institute College of Art in Baltimore.
His early work was in the form of conceptual sculpture, an example of which is The Pre-New, a series of domestic objects attached to light fixtures, resulting in strange new configurations.
Another example is The New, a series of vacuum-cleaners, often selected for brand names that appealed to the artist like the iconic Hoover, which he had mounted in illuminated Perspex boxes.
It was staffed with over 30 assistants, each assigned to a different aspect of producing his work—in a similar mode as Andy Warhol's Factory (notable because all of his work is produced using a method known as art fabrication).
"I think art takes you outside yourself, takes you past yourself.
At the museum, the machines were displayed as if in a showroom, and oriented around a central red fluorescent lightbox with just the words "The New" written on it as if it were announcing some new concept or marketing brand.