Billionaire money manager Steven A. Cohen is selling the 1961 Jean Dubuffet painting “Paris Polka” valued at $25 million, Bloomberg reported.
Christie’s will auction the Dubuffet at a special evening headlined “Looking Forward to the Past, ” on May 11.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
The record for a Dubuffet painting at an auction is $7.4 million, set last November.
This May in New York, Christie’s is also offering Pablo Picasso’s “Les Femmes d’Alger (Version ‘‘O’’)” for $140 million.
an annual report published in March by the European Fine Art Foundation noted that global sales of art and antiques hit a record $56 billion in 2014, up 7 percent from 2013, especially modern, postwar and contemporary artists.
After settling insider-trading charges against his hedge-fund firm SAC Capital Advisors in 2013, Cohen founded a family office called Point72 Asset Management, based in Stamford, Connecticut. With $11 billion, Cohen ranks 112th on the Bloomberg Billionaires Index.
An active art trader, in November Cohen sold a 1958 Franz Kline painting, “King Oliver” for $26.4 million at Christie’s, and bought Alberto Giacometti’s $101 million painted sculpture “Chariot” at Sotheby’s.
