Cohen Named Top Art Collector As Manet Auction Underwhelms

Jun 23 2010 | 1:15pm ET

SAC Capital Advisors founder Steven Cohen is one of the 10 most active art collectors in the world, according ARTNews’ annual survey.

Cohen’s inclusion on the list comes after he and his wife, Alexandra, suffered something of a disappointment in London yesterday, as a rare Édouard Manet self-portrait owned by the couple sold for its low estimate. While the painting—one of only two Manet self-portraits—set a record at auction for a Manet canvas at £22.4 million (US$33.2 million), Sotheby’s had hoped that the painting could go for more than US$40 million.

The painting went to New York gallery owner Franck Giraud, who submitted the only bid.

In addition to the Cohens, only one other alternative investment tycoon made the ARTNews list: Apollo Management founder Leon Black. The top 10 were not ranked.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note