The big lots are coming out for the November Contemporary sales in New York with Daimler selling this Koons Balloon Flower (Blue) from the same series as Howard Rachofsky’s magenta edition which sold in London in 2008 for £12.9 million.

Christie’s is dialing it back from the boom years with an estimate that starts well below that price. The blue scuplture is estimated at between $12  and $16m and the proceeds, we are told, will go back into buying more art for the Daimler collection.

According to Bloomberg, there is a third-party guarantee on the work.

Daimler May Make $16 Million From New York Sale of Koons Balloon Sculpture (Bloomberg)