Jeff Koons Egg Breaks Paddle8 Record

Which came first, the gazing ball or the egg? A giant egg created by Jeff Koons for Faberge’s “Big Egg Hunt” is officially the most expensive artwork ever sold on auction site Paddle8. Although there are still two weeks of bidding left on the 236 eggs in the online sale, Koons’s gazing ball-accented egg has already been bid up to $360,000 from its starting price of $500. The previous Paddle8 record was held by Dan Colen’s “Another Bomb,” which went for $260,000 in December 2012.

As part of the Big Egg Hunt, nearly 300 artist-designed eggs have been scattered throughout New York and will be on view through April 25. Designed by Tracey Emin, Bruce Weber, Julian Schnabel, Carolina Herrera, Peter Beard, Zaha Hadid, and Ralph Lauren, among others, the sale of the eggs will benefit visual arts non-profit Studio in a School and elephant habitat conservation non-profit Elephant Family.

If you’re looking for an egg at a slightly smaller price, there are still plenty up for grabs. Eggs like Rachel Goldsmith’s “Ova Obsessive” or Steven Rasha Jackson’s “Eggsordinary Warrior” are still only 500 bucks. If we had our pick, we’d go for Ursula Von Rydingsvard’s awesome “Cedar Egg.”

“In a week in which we not only achieved a new record for the most funds raised in a single Paddle8 benefit auction—$1.5 million for the MTV RE:DEFINE auction at the Dallas Contemporary—we’re also thrilled that the unique Jeff Koons egg in The Big Egg Hunt has vaulted over the previous record for the most expensive work sold on Paddle8, with two weeks left in the auction and bidding continuing at a furious clip,” Osman Khan, COO and Founding Partner of Paddle8 said in an email. “We’re honored to partner with organizations around the globe to introduce their auctions to Paddle8’s collector community, and are excited to see collectors’ enthusiasm for acquiring major works online.”

— Ashton Cooper (ashton_cooper)

(Photo: Paddle8)