KOONS NEWS: THE LADY IS GAGA FOR JEFF & CONDO BUYERS GET A SCULPTURE TIMESHARE

Lady Gaga commissioned Jeff Koons to create a sculpture of herself for the cover of her upcoming album Artpop. Gaga told Elle, “(I’ve) asked him… 500 questions and just stared at him while he talked as I scribbled in my notebook, hanging on to his every word. Every time I’m around him, I’m sweating.” I’m sure we’ll see the results any minute now. Hey, do you think she’s been giving him some makeup tips? Meanwhile in Florida: Eduardo Costantini, an Argentine developer and art collector, is courting buyers at his development, Oceana Bal Harbour, by offering them part ownership of two works by Mr. Koons. “Pluto and Proserpina” and “Ballerina” are both larger-than-life sized sculptures that Mr. Costantini bought last year for $14 million. The price of the sculptures, as well as the cost of maintaining and insuring the sculptures, will be included in the sales prices and maintenance fees of the 250 condo units in the building which start at $3 million. The complex will cost $600 million and at sell-out, will be collectively worth more than $1 billion. Nice profit, unless of course the bottom falls out of the the art or the real estate market. I mean, what could go wrong?