Cohen Pays $110 Million For Famed Painting

SAC Capital Advisors founder Steven Cohen has bought on of Jasper John’s famed “Flag” paintings. The hedge fund manager reportedly paid $110 million for the canvas, one of the earliest and largest in the series. Other examples hang in the hallowed halls of the Metropolitan Museum of Art, Museum of Modern Art and Whitney Museum of American Art. The Met reportedly paid $20 million for its version in 1998.