You cant collect at that level for that many years and not have a real passion for itat the end of the day, its not going to change his life financially, Gagosian adds. return c.substring(name.length,c.length); // Signup validation link.href = fileName; 'cag[type_creator]' : 'Robert Frank' , script.setAttribute("onerror", "setAdblockerCookie(true);"); In 2013, Cohen and Wynn reconnected, and Cohen bought Le Rve for $155 millionat the time, the highest price ever paid for an artwork by an American collector (though it has since been surpassed). Follow. + '' mps._adsheld = []; } His collection of paintings and sculptures by Picasso, Andy Warhol, Jeff Koons and other celebrated artists is valued at an estimated $1 billion. // + '
' What you may not know is that Cohen is also quite the art connoisseur. + '
' It's part of a crowded collection of art that Cohen rotates among Point72's offices. mps._debug('[MPS]: email address detected in url, bypass gpt. [1/2] Steven Cohen, Chairman and CEO of Point72 Asset Management, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 13, 2021. This hedge fund investor has stocked up on modern masterpieces. 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. } Steven Cohen. Cohen purchased it in 2004, for a price variously reported between $8 million and $12 million; he subsequently paid Hirst to replace the original shark, which had deteriorated over the years. That aside, Cohen is also known for his extensive and impressive art collection, valued at an estimated $1 billion. If I forget about it, then I know, couldnt care less., Cohens collection includes signature, quintessential works of sought-after artists. if (!oneTrustCookie) return true; Known as the "Secret Sultan," Khalili has almost all of his $1 billion fortune invested in his art collection, according to Wealth-X. Plotkin, just 35, had been a Cohen protg for a decade and managed $1.2 . The next day, while showing the painting to a group of friends, Wynn inadvertently put his elbow through the canvasopening a six-inch tear that cost $90,000 to repair, knocked tens of millions of dollars off of its appraised value, and mired Wynn in a legal battle with his insurer (later settled out of court). CNBC_Comscore = 'Business_News'; .removeClass('slideOutDown slideOutUp') Well, a lot, it turns out. var $form = $(formElement); Much of Cohen's collection is kept in Point72's offices in Stamford, Connecticut . + 'Signup failed. Following. }); var $modal = $('#ouibounce-modal'); const ONE_TRUST_COOKIE_NAME = 'OptanonConsent'; All Rights Reserved. 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. Wynn later sold "Le Reve" -- all patched up -- to billionaire financier Steven A. Cohen for $155 million in 2013. // Submit the form Cohen has a collection of modern art, and owns the Major League Baseball's New York Mets. }; mps._queue.mpsloaded.push(function(){ console.log('PUB-GDPR-CHECK Blocked Categories: ', blockedCategories); // Show signup failure error and hide other errors Got a confidential news tip? size 28 x 43 centimeters as found fresh and collection ready original backing Ask about this . )+([a-zA-Z0-9]{2,4})+$/ timeout: 10000 'cag[type_tag]' : 'Wealth' , Home. aggressive: true, This painting, of an American flag, allegedly cost Cohen $110 million. } Cohen who did not return calls from The Post on Thursday returned to the high-finance arena with the founding of the Point72 hedge-fund and began managing money the very day his ban was lifted. Hedge fund billionaire Steven Cohen is the secret buyer of the world's most expensive sculpture, Alberto Giacometti's "Man Pointing," for $141.3 million at Christie's, Page Six can . '