A stainless steel sculpture of a rabbit by Jeff Koons has set an auction record in New York, fetching over $US91 million ($A131 million).
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The sale of Koons' 1986 'Rabbit' at Christie's on Wednesday was the most expensive work by a living artist ever sold at auction.
The previous record for a living artist's work sold at auction was set by British artist David Hockney.
His 1972 Portrait of an Artist (Pool with Two Figures) brought in $US90.3 million ($A130.4 million) at Christie's last year.
The New York Times says Robert E Mnuchin, an art dealer and the father of Treasury Secretary Steven Mnuchin, was the winning bidder for 'Rabbit', which had an estimated sale price of at least $US50 million ($A72 million).
Christie's says the sculpture is one of three editions plus one artist's proof.
Australian Associated Press
