Wednesday, 14 October 2015
Last updated 7 hours ago
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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…