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The Post finds out that if sold, the inflated balloon of artist Jeff Koons' Rabbit, which made its debut appearance in the 81st Macy's Thanksgiving Day Parade on Thursday, would go for $5 million. The balloon isn't for sale, but the parade is so happy with the balloon that it's interested in ideas from other artists. Um, formaldehyde Damien shark, anyone? Or how about a Takashi Murakami Mr. Pointy balloon? Dan Flavin light balloon? Frank Gehry Bilbao balloon? Christo and Jeanne Claude's Gates?

And Jeff Koons, how is now the top-selling living artist (at auction) after his "Hanging Heart" was sold for $23.4 million the other week, told the Post, "I was really pleased. It's the largest artwork so far that I've been able to make. I'm very proud of it, and I think Macy's did a great job." Wow, that means the balloon is bigger than Puppy! But Rabbit did look pretty awesome when we saw it being inflated.

Photograph of Rabbit - looking very low - by Zodak on Flickr