Hedge Funds

Steve Cohen acquires a Marilyn


SAC Capital Advisors' Steve Cohen has again made headlines for his avid art collecting - this time for his purchase in May of "Turquoise Marilyn," a painting of Marilyn Monroe by Andy Warhol.

Steve Cohen

Cohen bought the 40-inch-square canvas in a privately negotiated transaction from Chicago collector Stefan Edlis in May. The New York Times reported it went for an estimated $80 million - a bit more than the new high of $72 million for a Warhol sold at auction set by Christie's, also in May. "Turquoise Marilyn," is part of a series