Olena and Viktor Pinchuk donate money for the sold Koons sculpture to humanitarian aid


The money for the sold Koons sculpture Elena and Viktor Pinchuk will donate to humanitarian aid


Jeff Koons' iconic sculpture Balloon Monkey (Magenta) – “Balloon Monkey (Magenta)”, presented by Elena and Victor Pinchuk, was sold at Christie's auction.

This was reported by the auction house on their Instagram and the Victor Pinchuk Foundation.

“The sculpture of Koons Balloon Monkey (Magenta), presented by Viktor and Elena Pinchuk, was sold at Christie's auction. All proceeds in the amount of about $ 11.5 million will be directed to humanitarian aid to Ukraine. In particular, for those seriously injured during the war, military and civilians who need urgent prosthetics, treatment and rehabilitation to restore the quality of life,” the Foundation said.

The organizer of the auction noted that the sculpture became the top prize of the auction “XX/XXI century: London Evening auction”.< /p>

About who became the buyer of the work of art, not reported.

We add that the information that Balloon Monkey (Magenta) will be put up for auction to raise funds for humanitarian aid to Ukraine, Viktor Pinchuk and his wife Elena announced on June 7th. The estimated value of the art object ranged from 6 to 10 million pounds sterling, the final sale price in British currency was 10.136 million.

After the Russian attack on Ukraine on February 24, 2022, Viktor and Elena Pinchuk, through their funds and other structures, provided humanitarian aid and assistance to the Armed Forces of Ukraine as of today in the amount of more than $35 million, according to the press service. The Foundation also donated first-aid kits to rescue military and civilians injured as a result of shelling and explosions, armored ambulances, 40 hospitals were supported and other types of humanitarian assistance were provided.

“Funds were also raised through the Ukraine Relief Fund is an initiative created by Victor and Elena Pinchuk and the Victor Pinchuk Foundation, together with Eric and Wendy Schmidt and Schmidt Futures, Robert F. Smith and Vista Equity Partners, the Minderoo Foundation (founders Andrew and Andrew) and Bill Ford and the General Atlantic Foundation, – is added in the message of the Foundation.

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