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Steve Cohen Paid $165 Million For Lichtenstein “Masterpiece” Painting

Lichtenstein "Masterpiece" Painting

Hedge-fund billionaire Steve Cohen paid $165 million for the 1962 Roy Lichtenstein painting “Masterpiece”, making it one of the most expensive pieces on record. This painting is believed to be among the 10 most expensive ever sold.
The comic-inspired Pop art work was sold by collector and patron Agnes Gund to raise money for the new Art for Justice Fund devoted to criminal justice reform. It was sold through the Acquavella Galleries in New York and the price included fees.

Lichtenstein “Masterpiece” Painting

The sale highlights Steve Cohen’s continued confidence as he emerges from his legal troubles and returns to the hedge-fund world with Point72 Asset Management. It also shows that Cohen is as much an art trader as an art collector.

Lichtenstein “Masterpiece” Painting

Cohen’s collection is valued at well over $1 billion, but he is constantly buying, selling and upgrading. He sold a Jean-Michel Basquiat painting called “La Hara” through Christie’s in May for $34.9 million, well over the $22 million to $28 million estimate.

Lichtenstein “Masterpiece” Painting

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Written by Slamchica

Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.

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