Cohen lends art, takes stock

Mon Mar 30, 2009


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SAC Capital Advisors founder Steve Cohen, whose art collection is estimated to be worth more than $1 billion, recently lent 20 paintings and sculptures, worth an estimated $450 million and including works by Picasso, de Kooning, and van Gogh, to auction house Sotheby's to be exhibited in April. The show, which runs April 2-14, will be free to the public. After announcing the exhibit, SAC disclosed a 5.9% stake in Sotheby's, making SAC its third-largest shareholder.


Steve Cohen