Israeli artist Nir Hod appears to have pulled off something of an art world coup this month, selling four copies of a new sculpture piece for $250,000 each at Art Basel Miami Beach.

Hod, a contemporary artist who now lives in New York, made quite a splash at Art Basel, one of the most important art shows for modern and contemporary connoisseurs, according to Ynetnews.

Private art collectors as well as a Berlin museum were quick to snap up four large copies of Hod’s newest work, “Once Everything was Much Better, Even the Future,” a never-before-exhibited sculpture consisting of a moving, scale model of an oil derrick contained within a huge, golden snow globe-type structure.

A description of the piece posted by the artist’s New York City gallery, the Paul Kasmin Gallery, notes that the sculpture’s golden-hued globe is actually full of oil, “creating a world suspended in time, where the contradictions inherent in oil production and consumption peacefully coexist, while also alluding to the nostalgic scenes often depicted in snow globes.”

It took Hod two years to finish “Once Everything was Much Better, Even the Future,” which he designed especially for this year’s Art Basel, according to The Art Newspaper. The sculpture’s unveiling also serves as a teaser of sorts for Hod’s upcoming gallery show in New York this fall.

Born in Tel Aviv, Hod opened his first solo show at Jerusalem’s Israel Museum when he was only 23 years old, reports Forward magazine. Since then, Hod has exhibited his works around the world, although he considers his first big success to be 2011’s “Genius” exhibition at the other Paul Kasmin Gallery. That sold out show featured controversial paintings of pouty children and a trio of bronze sculptures.

Hod followed up “Genius” with his 2012 exhibit “Mother,” also at the Paul Kasmin Gallery. “Mother” consisted of 10 painted recreations of the famous 1943 photograph, “The Boy From Warsaw Ghetto.” While most people tend to focus on the small child in this tragic scene, Hod said his goal was to bring to the foreground one of the women from the picture in an effort to “give her all due respect and to see her in her true colors,” he told Forward.