Hedge fund billionaire Steve Cohen bought the most expensive statue ever auctioned
Jun 8, 2015, 21:41 IST
APGiacometti's Man Pointing at Christie's spring auction.While world media was abuzz with the world-record breaking sale of Picasso's "Les femmes d'Alger" for $179 million at Christie's, another anonymous buyer took home the most expensive statue ever auctioned. That anonymous buyer turned out to be hedge fund billionaire Steven Cohen, Page Six reports. Cohen secretly bought Alberto Giacometti's 1947 masterpiece "Man Pointing" for $141.3 million at Christie's - adding to an impressive collection of artwork with an estimated worth of $1 billion. Cohen's collection houses works by Monet, Edvard Munch, Jasper Johns, Jeff Moons, Willem de Kooning, Francis Bacon, Andy Warhol and Damien Hirst, among others, according to Vanity Fair. For Cohen, however, the life-sized sculpture is not the most expensive piece he's bought. In 2013, Cohen spent $155 million on Picasso painting, "Le Reve," buying it from casino giant Steve Wynn. The avid art collector even waited six years as Wynn repaired the painting after putting his elbow through the canvas, and even as the price increased $139 million in 2006 to $155 in 2013 - likely due to restoration.Cohen, who runs Point72 Asset Management (formerly SAC Capital), previously purchased another one of Giacometti's sculptures, named "The Chariot," for $101 million at Sotheby's. "Man Pointing" is one of 6 casts made by the artist. Four are housed in museums, while others are in private and foundation collections.Despite these big purchases, the investor, who has an estimated networth $11.3 billion, still had to show his ticket to enter Christie's. Check out some of Steven Cohen's incredible buys>