The hedge funder par excellence—managing more than $10 billion in assets as the head of SAC Capital Advisorsis largely responsible for all the attention Greenwich is getting from the art world these days. Cohen keeps a low profile, but his purchases have made headlines, not least for their price tags: $8 million for a Damien Hirst shark in formaldehyde (now on a three-year loan to the Metropolitan Museum of Art, in New York); $25 million for an Andy Warhol “Superman” painting; $100 million, total, for a van Gogh and a Gauguin from casino tycoon Steve Wynn; and $137.5 million for a de Kooning “Woman” painting from entertainment mogul David Geffen.
Will Cohen open a private museum for his trophies? It’s possible. But for now, he makes do displaying his treasures in his Stamford office and his Greenwich house, a 32,000-square-foot affair that he shares with his wife, Alexandra, and their seven children and stepchildren. It cost him $14.8 million—half as much as that Warhol, if anyone’s counting.
"Steven Cohen" originally appeared in the July 2008 issue of Art+Auction. For a complete list of articles from this issue available on ARTINFO, see Art+Auction'sJuly 2008 Table of Contents.
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