- Associated Press - Friday, March 11, 2011

NEW YORK (AP) - Jeff Koons‘ porcelain sculpture of a pink panther hugging a bare-breasted blonde is coming to a New York City auction. It’s estimated to bring $20 million to $30 million.

Sotheby’s is selling “Pink Panther” on May 10. There were three editions made of the work; the one up for auction is the artist’s proof.

One was sold at Christie’s in 1999 for $1.8 million, reportedly to the newsprint magnate Peter Brant. The others are in the Museum of Modern Art and the Museum of Contemporary Art in Chicago.

Sotheby’s didn’t identify the seller of the artist’s proof. But The New York Times says it’s the publisher Benedikt Taschen.

Koons‘ “Balloon Flower Magenta” sold for $25.7 million in 2008 at Christie’s. It set a record for the artist.

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Online: www.sothebys.com