A stainless steel rabbit sculpture by Jeff Koons became the priciest work ever sold by a living artist at auction on Wednesday. Described as "one of the most iconic works of 20th-century art" by Christie's, the 1986 piece sold for $91,075,000, with fees.

The Koons beat David Hockney's "Portrait of an Artist (Pool with Two Figures)" that set a record for a living artist just six months ago, when it sold for $90.3 million. 

'Rabbit' is from an edition of three with this piece from the collection of the late media mogul S.I. Newhouse. The others are in the Broad Foundation, in Los Angeles, and a promised gift to the Museum of Contemporary Art in Chicago.

Notes Bloomberg: "The winning bid came from art dealer Bob Mnuchin, U.S. Treasury Secretary Steven Mnuchin’s father, who was in the sales room and said he made the purchase on behalf of a client."