Cohen Nets $50M For Two Paintings

May 13 2011 | 12:21pm ET

It's been a good couple of weeks for Steven Cohen, art collector.

The SAC Capital Advisors founder, who gave a rare public interview at the SkyBridge Alternatives Conference in Las Vegas on Wednesday, fetched nearly $50 million for a pair of paintings at two separate auctions.

On Wednesday, his Andy Warhol portrait of Elizabeth Taylor was bought for $26.9 million. A pair of telephone bidders battled over the 1963 silk-screened image of the late actress, who died just days after Cohen consigned the painting to auction.

Last week, a landscape by Maurice de Vlaminck owned by Cohen sold for $22.5 million.


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Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.