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Dolphin Balloon Sells for $5 Million in Art Basel Spree

A sculpture of an inflatable dolphin by Jeff Koons sold for $5 million. A 1971 Sigmar Polke painting depicting purple monkeys, an alligator and a penis was snapped up for $4.5 million. An abstract painting by Joan Mitchell fetched $1.5 million.

Sales were brisk among the world’s leading galleries at Art Basel in Switzerland as 285 exhibitors from 34 countries offered as much as $4 billion worth of art, according to an estimate by insurer AXA Art. Attendance is expected to reach 86,000 by the time the fair ends on June 22, organizers said.