Billionaire, Global, News

Hedge Fund Billionaire Buys Painting for $165 Million

Hedge Fund Billionaire Buys Painting for $165 Million

Hedge fund billionaire Steven Cohen has bought a Roy Lichtenstein painting for $165 million. The painting is called “Masterpiece” and is believed to be one of the 10 most expensive painting ever sold. The comic-inspired Pop art painting was sold in January by collector Agnes Gund to raise money for the new Art for Justice Fund devoted to criminal justice reform.

“The painting is called “Masterpiece” and is believed to be one of the 10 most expensive painting ever sold.”

~ CNBC

Cohen’s collection is valued at over $1 billion but he is constantly buying, selling and upgrading. He sold a Jean-Michel Basquiat painting called “La Hara” through Christie’s in May for $34.9 million, well over the $22 million to $28 million estimate.

Related Reports: Bloomberg, CNBC


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