A hedge fund billionaire paid $165 million for this painting


Hedge fund billionaire Steve Cohen spent a whopping $165 million over the painting titled “Masterpiece” by Roy Lichtenstein. This is considered to be among the 10 most expensive paintings ever sold. This painting has a befitting title – the giant Ben –Day dot painting was part of his first exhibit at Ferus Gallery in 1963 and helped to introduce the world to Lichetenstein’s iconic style based on comic book panels.

Cohen is known to be an avid art collector and trader with his collection valued at over $ 1 billion. He is constantly buying, selling and upgrading his enviable collection. He recently sold a Jean Michel Basquiat painting called “La Hara” through Christie’s for $34.9 million, way over the estimated price of $22 million to $28 million.

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The other gems in his collection are Picasso’s “La Reve”, Willem de Kooning’s “Woman III” and Jasper John’s “Flag” to name a few. Cohen displays part of his collection at his firm’s offices in Stanford, Connecticut and at his home in Greenwich.

[Via:CNBC]