Cohen Sells Painting At Christie’s London

Jul 2 2014 | 5:11am ET

Point72 Asset Management’s Steven Cohen continues to actively manage his famed art collection, selling a piece at Christie’s postwar and contemporary art auction yesterday.

Taking advantage of a frothy market for such works, Cohen sold a “word painting” by the American artist Christopher Wool, whose oeuvre has been fetching high prices recently. The canvas, which reads “HAAH” in black capital letters, went for $10.6 million, well over its low estimate of $9.2 million.

The New York Times reported that Cohen was the seller of the 1990 painting.

All told, the London auction brought in $169.9 million, above its low estimate of $135 million, with 12 of the 75 lots failing to sell.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note