Courtesy Saatchi Gallery, London
A Damien Hirst shark in formaldehyde that Cohen purchased for $8 million
By Sarah Douglas
Published: July 2, 2008
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© Damien Hirst, Photo by Stephen White, the Steven and Alexandra Cohen Collection, courtesy Science Ltd.
Damien HIrst's 1994 "Away from the Flock," from the collection of Steven and Alexandra Cohen
The hedge funder par excellence—managing more than $10 billion in assets as the head of SAC Capital Advisors—is 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's July 2008 Table of Contents.
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