Koons is set to create a unique artwork for the United Nations Foundation. The project will feature one large scale bag and several small bag sculptures sourced from luxury handbags donated by the likes of Almine Ruiz-Picasso, Sofia Coppola, Marc Jacobs, Diane von Furstenberg, Princess Caroline of Hanover, and Countess Daniela Memmo D'Amelio. 

The pieces will then be auctioned off for the charity on November 9 by Simon de Pury in New York.  

Speaking of his work with the charity Koons said: "This is a way of really looking at the world and saying; with my means, with my perception and my understanding of joy and pleasure, how can I receive a sense of greater fulfilment in this life through a commitment to helping others?" 

The incentive is a collaboration with Project Perpetual, a new art philanthropy initiative, which was founded by art collector Svetlana Kuzmicheva-Uspenskaya in order to "fuse the energy of contemporary art and the power of global influencers to help those most in need." The Koons project marks the first in a series of collaborations – which are yet to be fully announced. We do know, however, that big names such as Kate Moss, Claudia Schiffer and Vanessa Paradis have signed on to the organisation's advocacy campaign.