Billionaire Steven Cohen outed as buyer of $141M sculpture — the most ever paid at auction

Alberto Giacometti’s “Man Pointing,” Steve Cohen Picasso’s “Le Rêve”
From left: Alberto Giacometti’s “Man Pointing,” Steve Cohen and Picasso’s “Le Rêve”

Steven Cohen, hedge-fund billionaire, probable inside trader and international man of mystery has been outed by Page Six as the anonymous buyer of the most expensive sculpture ever sold at auction: Alberto Giacometti’s “Man Pointing.” Considering Cohen bought the statue for $141.3 million at Christie’s during the same auction when Picasso’s “Les Femmes d’Alger” sold for $179 million (making it the most expensive artwork ever sold at auction), he seems to have gotten quite the bargain.

But this isn’t Cohen’s first major art purchase. The famed art collector also purchased Picasso’s “Le Rêve” from Casino billionaire Steve Wynn for $155 million in 2013. He had attempted to purchase it in 2006 for $139 million, but Wynn accidentally made a “silver dollared size hole” in the painting with his elbow before he could sell it.  In addition, Cohen owns a $137.5 million de Kooning, “Woman III,” he purchased in 2006 and Damien Hirst’s “The Physical Impossibility of Death in the Mind of Someone Living,” (i.e. a shark in a tank), which he bought for $8 million. –Isabel Schwab

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