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Former Member

My first smile for the morning, but then when I looked carefully I did realise that it is a 155 Milliion Dollars Masterpiece: "LE REVE" and it was not what I was thinking originally

Well do not ask what was my orignal thought, it is a manly thing

Former Member

Steven Cohen's Picasso: After Insider

Trading Payout, Hedge Fund Billionaire

Spends $155 Million On Masterpiece

The Huffington Post | By Katherine Brooks

Steven Cohen Picasso

It did not take long for Steven Cohen, the billionaire behind SAC Capital, to get over his $600 million payout to the Securities and Exchange Commission (SEC). Not even two weeks after the hedge-fund manager settled over insider trading allegations, the 117th richest man in the world purchased a famous Picasso painting. The price tag on the masterpiece? A whopping $155 million.

According to The New York Post's anonymous source:

“Steve bought ‘Le Rêve’ as a gift to himself. This was supposed to be a top- secret sale because of the government investigation and settlement.”

Well, the sale was not so secret now, and neither is the backstory behind Cohen's recent acquisition. He attempted to buy the Picasso in 2006 from fellow billionaire and casino mogul Steve Wynn. But Wynn accidentally put his elbow through the canvas while showing it off to some pals, Nora Ephron famously reported in a blog for The Huffington Post. The Three Stooges-esque snafu resulted in about $45 million in damage and the loss of a sale to Cohen.

http://www.huffingtonpost.com/...s-art_n_2955732.html

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