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.”
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.
The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals. Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.
Get The Wealth Insider Daily
- For Press Release, please contact firstname.lastname@example.org
- For Media-related enquiries, please contact email@example.com
- For Advertisement, please contact our official ad agency