# Auction of Jeff Koons sculpture raises over £10mn for Ukraine

- Link: https://fundraising.co.uk/2022/07/01/auction-of-jeff-koons-sculpture-raises-over-10mn-for-ukraine/
- Published: 2022-07-01T08:30:00+01:00
- Author: Melanie May

**Jeff Koons’ _Balloon Monkey (Magenta)_ sculpture sold for £10,136,500 at Christie’s
on 28 June, raising funds for humanitarian aid for Ukraine.**

Donated for sale by Victor and Olena Pinchuk, the proceeds will be used to support
soldiers and civilians wounded in the war who require prosthetics, medical treatment
and rehabilitation.

Katharine Arnold, Head of Post-War and Contemporary Art, Christie’s Europe said:

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> “As the war in Ukraine continues, wreaking devastation across the country, I could
> not be more honoured to have worked with Victor and Olena Pinchuk on the sale 
> of Jeff Koons’ seminal sculpture Balloon Monkey (Magenta), to realise a total 
> of £10,136,500. The largest and final piece in the artist’s celebrated series 
> of balloon animals, it stands as a gleaming symbol of solidarity. The balloon 
> animal reminds us that the ordinary course of life and its simple pleasures are
> absent from the lives of those living through war.”

Victor and Olena Pinchuk are two of the co-founders of the Ukraine Relief Fund and
also have their own foundations. Through these and other means, they have so far
raised more than $30 million in aid of Ukraine since the war started. This has provided
medical kits, armoured ambulances, support for 40 hospitals and other forms of humanitarian
assistance.

[Another auction last month](https://fundraising.co.uk/2022/06/24/auction-of-nobel-peace-prize-medal-raises-millions-for-unicef/)
saw the 2021 Nobel Peace Prize medal awarded to independent Russian journalist and
Novaya Gazeta editor-in-chief Dmitry Muratov fetch $103.5 million, with all proceeds
going to UNICEF.