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Insurance will luckily cover “Balloon Dog (Blue),” an iconic balloon sculpture valued at $42,000 and made by artist Jeff Koons, that was accidentally knocked to the floor in Miami last week.
The porcelain sculpture, which was on display at Art Wynwood, a contemporary art fair in Miami, fell and shattered when an unnamed visiting art collector unintentionally kicked the pedestal during the fair’s opening evening cocktail hour, USA Today reported Monday.
“This kind of thing unfortunately happens. That is why the artwork was covered by insurance,” Cédric Boero, a district manager of Bel-Air Fine Art, told USA Today.
The piece was among several works of art on display at the Bel-Air Fine Art booth.
The broken pieces, which have already drawn offers from collectors looking to purchase them, will be evaluated by an insurance expert.