link.href = fileName; Here are the other top billionaire art collectors along with the value of their collections: By CNBC's Robert Frank. Years After The Elbow Incident, Steve Wynn Sells Picasso's 'Le Rve 2023 Artnet Worldwide Corporation. Top Investing Rules from Billionaire Steven Cohen- Fincash Cohen purchased a Picasso painting titled "Le Reve" for $155 million in 2013. (Read More: SAC: We Will Survive 'Significant' Redemptions), Last fall, Cohen purchased Pablo Picasso's "La Reve" for $155 million. 8 of the World's Most Valuable Art Collections return _regex.test(_qs); })(); if (!o[this.name].push) { } })(); } el.parentNode.insertBefore(s, el); The Taming of SAC Capital's Steven A. Cohen - Nymag Subscribe to our newsletter to get the breaking news, eye-opening interviews, and incisive critical takes that drive the conversation forward. function setCookie(cname, cvalue, expMinutes, prefix) { + '<\/div>' He is also the founder of S.A.C Capital Advisors. The whole portfolio, which includes works by heavy hitters like Pablo Picasso, Jackson Pollock and Andy . Most . }); All rights reserved. How Steve Cohen Amassed a $1 Billion Art Collection | Fortune I never saw talent like that.. By Christopher Bateman. Steve Cohen and his wife, Alexandra Cohen, have been collecting art since 2000, amassing an impressive array of works. mps.scodePath="//fm.cnbc.com/applications/cnbc.com/staticcontent/scripts/omniture/s_code.js?v=1.6.4.1"; mps.insertAd("#" + slotid, adunit) + ' @media (max-width: 1199px){ #ouibounce-modal .description {font-size:13px !important;} }' Wynn sold "The Dream" to Steven Cohen, who owns the hedge fund SAC Capital, for a cool . The UCC statement does not specify the size of the loanor specific works, noting that the financing statement covers all of Cohens right, title, and interest inall Artwork Collateral Pieces.. Cohens purchase also came shortly after SAC Capital paid more than $600 million to settle insider trading charges with the Securities and Exchange Commission. Cait Munro, Steven Cohen: His own private bravado - GreenwichTime throw Error('onSuccess callback is required'); Steven A. + '
' Ranking second is Steven Cohen, the founder of SAC Capital. if (EEA_REGION_COUNTRY_CODES.includes(result.geo.country_code)) { const OneTrustCategories = { .split(',') }; function getCookie(cname, prefix) { Steven A. Cohen has an art collection worth about 1$ billion, or at least it is estimated so. 'cag[attribution_author]' : 'Robert Frank' , isEEARegionCheck(); }, 'cag[attribution_source]' : 'CNBC US Source' , Alexandra and Steven A. Cohen - ARTnews Top 200 Collector - ARTnews.com It hasnt been reported how much the Cohens paid for Balloon Dog (yellow), but an orange version from the same Koons sculpture series sold at auction in 2013 for $58.4 million. Get this delivered to your inbox, and more info about our products and services. } if (prefix == undefined) { crossDomain: true, The philanthropic efforts of the Steven & Alexandra Cohen Foundation started in 2001 and have resulted in over $741.7 million in funds to public 501(c)(3) nonprofit organizations based in the United States that either help people in need or solve complex problems. + '
' To revist this article, visit My Profile, then View saved stories. mpsload.id = "mps-load"; could be sentient says Microsofts chatbot feels like watching the Shark Tank investor Kevin OLeary says a new generation of employee has never worked in an officeand its totally I cant afford to sell because I dont want to lose that rate: 3% mortgage rates will loom large over the U.S. CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Art Was Used as Loan Security for Billionaire Art Collector Steven Cohen 'pubdate' : '1370543771' , mps._queue.mpsinit.push(function() { He was drawn in by the stats of the box scores, before his fascination with numbers brought him over to the business pages. Trump Angrily Insists He Spends Almost No Time At All Coming Up With Mean Nicknames About Ron DeSantis, I dont even think about itA very unimportant subject to me!! function isEEARegionCheck() { isnewsletter = pagetypeurl.includes("?page_1"); But I dont think the financial part is a big part of it. // Add animation css This hedge fund investor has stocked up on modern masterpieces. Carlo Allegri Reuters. 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. '