h = Math.max(document.documentElement.clientHeight, window.innerHeight || 0), })(); ', window.location); } 'byline' : 'Robert Frank' , callback: function() { mps._queue.adview = mps._queue.adview || []; } setCookie(cookieName, value, expirationMinutes); A guard stands watch over Lhomme Au Doigt at Christies Auction House in Manhattan, May 11, 2015. s.src = "https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/03/28/VisitorAPI.js"; }, (function() { if (cEnd === -1) { (Read More: SAC: We Will Survive 'Significant' Redemptions), Last fall, Cohen purchased Pablo Picasso's "La Reve" for $155 million. 'cag[type_source]' : 'CNBC US Source' , } 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. for(var i = 0; i ' if (result && result.geo && result.geo.country_code) { A renowned art collector, Cohen's collection is almost unrivalled and been estimated at coming close to $1 billion. Among the more bizarre pieces in Cohens collection is Marc Quinns Self, a frozen self-portrait sculpture made of Quinns own blood. if (typeof window === 'undefined') return; if (generalSettings.loadFontAwesome) { How Steve Cohen Amassed a $1 Billion Art Collection. var ca = document.cookie.split(';'); In February 2020, the infamous short seller woke up in a cold sweat when he realized the pandemic might spell pandemonium on Wall Street, as Liz Hoffman writes in her forthcoming book. mps._log('**** LOADED: cnbc-cms-header-insert'); Gasthof, a semi-surreal, partial self-portrait (thats the artist on the left, in the photo of the painting above), sold at a Christies auction in 2014 to Larry Gagosian, Cohens art dealer, for just under $17 million. var foresee_enabled = 1 The first amendment, which Congressman Steve Cohen offered with Congresswomen Suzanne Bonamici (OR-01) and Alexandria Ocasio-Cortez (NY-14), incorporates the entirety of the Fair Debt Collection Improvement Act. If Mets fans have Champagne wishes and caviar dreams, this is their guy. Actually I thought it was funny, because who ever heard of anything so ridiculous? says Cohen of the puncture incident. }); Steven A. Cohen's net worth is $16 Billion. checkCookies(); , link = document.createElement('link'); var i = cookieNames.length, closeSignupBar(); + '<\/div>' Capital Advisors (2013) // var expires = "expires="+d.toUTCString(); It is estimated that Mr. Cohen's art collection is worth about $1 billion. David Geffen: $1.1 billion. Currently, it is worth 1.3 billion dollars. "What amount of what you do is a gut feel?", asks the interviewer. Paul A. Hebert | FilmMagic | Getty Images. When you go to his home, you just see museum quality and beyond, incredible art you just dont find in private homes.. Sarah Cascone, o[this.name] = [o[this.name]]; 'site' : 'cnbc.com-relaunch' , But there is also evidence too that Steve Cohen uses more than "gut instincts.". Capital Advisors pleaded guilty to . 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. (function() { Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. e.preventDefault(); All Rights Reserved. mps.cloneAd = function() { return false; } // Extends jQuery with a function to serialize to JSON You are currently logged into this Artnet News Pro account on another device. 'cag[configuration_franchise]' : 'Inside Wealth' , Date.now() : (function() { return +new Date })(); Much of Cohen's collection is kept in Point72's offices in Stamford, Connecticut . } Wynn later sold "Le Reve" -- all patched up -- to billionaire financier Steven A. Cohen for $155 million in 2013. The estate and Cohen's other personal assets, not including his art collection, are . See all past shows and fair booths . Officials at Deutsche Bank pulled back on its business and personal ties to Mr. Cohen after his former hedge fund, SAC Capital Advisors, agreed to plead guilty to insider trading charges [and] pay $1.8 billion in penalties to the federal government.. He reportedly sold a Pollock drip painting for $140 million in 2006 and a de Kooning for more than $130 million. } mps.__timer = Date.now ? Here are the other top billionaire art collectors along with the value of their collections: 1. //if there are cookies indicating that we shouldn't show the signup bar, then the modal won't have been added to the page function isEEARegionCheck() { } 'subtype' : 'section' , head.appendChild(link); + '

' } The Cohens frequently lend their dog out to museums. $modal.css({ var script = document.createElement('script'); This painting, of an American flag, allegedly cost Cohen $110 million. Cohen and former Yankee star third baseman Alex Rodriguez have been spotted sharing dinner on the town numerous times in recent years. Here are a couple of excerpts: In the past, Mr. Cohen, 59, has used similar personal loans from Deutsche Bank and other Wall Street banks to finance and defray the cost of some of his big art purchases, which have included works by Jeff Koons, Damien Hirst, Alberto Giacometti and Pablo Picasso. This hedge fund investor has stocked up on modern masterpieces. + '<\/div>' Steve Cohen was unmasked by Artnet as the mystery buyer of a Jeff Koons rabbit sculpture last week in New York for $91 million, a record for a living artist at auction. return _regex.test(_qs); + '<\/div>' Enter the world of the choreographer, visual and performance artist Steven Cohen. 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). }, Cohen himself was charged with failing to prevent the practice at his company. To date, Cohen has bought around $700 million worth of artwork; in 2003, the New York Times reported that in a . } Wynn sold "The Dream" to Steven Cohen, who owns the hedge fund SAC Capital, for a cool . //show automatically after delay When the corpse began to deteriorate, Cohen paid Hirst more than $100,000 to refurbish it. (Read More: Top 1% Control 39% of World's Wealth). Rotated among those offices about once a quartera process that starts in the afternoon and can take all nightthe art is so casually placed throughout the halls that employees occasionally brush up against it absentmindedly; one executive recently dropped her ID badge into one of the sculptures accidentally. // FUNCTIONS "After learning about red flags indicating potential insider trading by his employees . script.setAttribute("async", true); if (typeof ouibounce !== 'undefined') { The 1991 work by British artist Damien Hirst, which consists of the corpse of a 14-foot tiger shark preserved in a formaldehyde solution in a steel-and-glass case, was bought by Cohen in 2004 for $8 million. }, He is the owner of several post-impressionist paintings (Gauguin's Bathers or Van Gogh's Young peasant woman), a few modern artworks (like Munch's Madonna) and of numerous contemporary art . 'stitle' : 'Billionaire Art Collectors Frank 130605 EC' , + '