the art collectors

Friday, November 26th, 2010

Flying High :: Murakami in Macy’s Parade / Settles Lawsuit

(Image via NYClovesNYC)

Happy Thanksgiving!

With the 84th Annual Macy’s Thanksgiving Day Parade complete, Takashi Murakami becomes the latest artist to contribute balloon designs to the iconic holiday celebration, following previous collaborations with the Estate of Keith Haring, Jeff Koons and Tom Otterness. Giant renditions of his signature characters Kaikai and Kiki floated through Manhattan accompanied by Murakami himself, who was adorned in a furry dragon costume topped off with a headdress featuring his flower design.

In other news, according to a recent KaiKai Kiki press announcement, Murakami and Kaikai Kiki Ltd. have reached a settlement with Cerulean Co., Ltd. regarding the sale of an original work titled Flower Ball Blood (3-D) V. The sale was conditioned on Cerulean not reselling the work for a fixed period of time. However, when the piece was slated to be auctioned by Christie’s in London five months after its purchase, Kaikai Kiki filed its lawsuit demanding immediate return of the painting, along with s compensation for damages. On October 30, 2009, the suit ended in an amicable settlement, resulting in agreement for the return of the work in question.

(Image via sandrasoroka)

(Image via NYClovesNYC)

(Image via sandrasoroka)

Murakami shows off his parade costume (All Artwork including Kaikai and Kiki (c)Takashi Murakami/Kaikai Kiki Co., Ltd. All rights reserved., via New York Times.)

Concept Illustration. (All Artwork including Kaikai and Kiki (c)Takashi Murakami/Kaikai Kiki Co., Ltd. All rights reserved., via New York Times)

Murakami works on concept sculptures. (All Artwork including Kaikai and Kiki (c)Takashi Murakami/Kaikai Kiki Co., Ltd. All rights reserved., via New York Times.)