Wynn had bought "Le Reve" from banker Wolfgang Flottl, who also once owned "Le . } Geffen has been one of the smartest buyers and sellers in the art market for decades, having been an early collector of Jackson Pollock, Willem de Kooning and other postwar American artists. } if(valid){ // If in iframe, bypass OneTrust. CONTENT_SELECTION_AND_MEASUREMENT: 7, Art Collector. } I never saw talent like that.. var ca = document.cookie.split(';'); mps._queue.mpsloaded = mps._queue.mpsloaded || []; Then-Manhattan US Attorney Preet Bhararas yearslong investigation into Cohens now-defunct SAC Capital reportedly inspired the Showtime series Billions, with Damian Lewis Bobby Axelrod character based on Cohen. Standard subscriptions can be purchased on the subscription page. And Lhomme au doigt has the distinction of commanding the highest price ever for a sculpture: Cohen bought it at a Christies sale in May 2015 for $141.3 million, including fees. Cohen attended the University of Pennsylvanias Wharton School of Business whose alumni include President Trump and Elon Musk and graduated in 1978 with a degree in economics. (function() { crossDomain: true, script.integrity = "sha256-hVVnYaiADRTO2PzUGmuLJr8BLUSjGIZsDYGmIJLv2b8="; //default prefix is 'artnet_newsletter_' 'id' : '100795269' , .addClass( 'slideIn' + upOrDown ); var SignupForm = { head.appendChild(link); By continuing to use our sites and applications, you agree to our use of cookies. //hide on mobile phones + 'Thank you for subscribing!' Gasthof, a semi-surreal, partial self-portrait (that's the artist on the left, in the photo of the painting above), sold at a Christie's auction in 2014 to Larry Gagosian, Cohen's art dealer, for just under $17 million. Steve Cohen Biography: Since September 14, 2020, American hedge fund manager Steven A. Cohen has controlled about 97.2% of the New York Mets. 'cag[type_tag]' : 'Wealth' , He reportedly sold a Pollock drip painting for $140 million in 2006 and a de Kooning for more than $130 million. He parlayed that into a gig at New Yorks now-defunct Gruntal & Co. brokerage firm where he turned in an $8,000 profit on his first day, according to a second New Yorker profile. He has performed extensively on the festival circuit, at such prestigious venues and events as the National Opera of Bordeaux . clearInterval(initOuibounce); But I dont think the financial part is a big part of it. link.href = fileName; But he was dinged with $1.8 billion in fines and banned in 2016 by the Securities and Exchange Commission from managing hedge funds for two years. As in his precedent works he confronts and transcends this through the concrete, visual and sensual invention of hybrid and fluid identities born out of the meeting of opposing behaviours . regex: { Cohen deployed his artworks in a savvy financing move. mps._queue.adload = mps._queue.adload || []; for (var i in mps.response.dart.adunits) { expiration_days: 5 w = pagetype + 20 * Math.round(w / 20), h = pagetype + 20 * Math.round(h / 20), googletag.cmd.push(function() { //don't run this function if the user has already triggered the modal by leaving the viewport SAC Capital s Steven Cohen has been a hedge-fund star for nearly 20 years, building his reputation as a cipher as he burnished his $12 billion fund. if(typeof document.getElementsByTagName('meta')['tp:PreferredRuntimes'] === 'object') { Cohen has a massive art collection that is estimated to be worth over $1 billion. Overview. Steven Cohen. Such loans are not unusual for wealthy buyers who seek to capitalize on the increased value of their artworks amid the global boom, without having to part with it. $.each(a, function () { As of March 2, 2023, 10:02 PM EST: Last . Plotkin, just 35, had been a Cohen protg for a decade and managed $1.2 . In November, Steven A. Cohen sold a portrait of Mao Zedong by Andy Warhol for more than $47 million. + '