Cohen To Buy Picasso For $155 Million, A Record

Mar 26 2013 | 12:49pm ET

Neither an errant elbow nor a $616 million settlement bill could keep SAC Capital Advisors' Steven Cohen from a painting he's coveted for years.

Cohen, whose art collection is nearly as renowned as his hedge fund's returns, has agreed to buy Pablo Picasso's "Le Rêve" for $155 million, the most ever paid by a U.S. collector for a painting.


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