THE ART NEWSPAPER | Dan Duray, Helen Stoilas:
The hedge funder and art collector Steven Cohen gave $1m toward President Donald Trump’s sparsely attended inauguration. Cohen is among the many high-net-worth individuals whose names are familiar to those in the art world listed in a 510-page document disclosed by the administration to the Federal Elections Committee on Tuesday.
Cohen’s art collection is estimated to be worth $1bn—a fraction of his $11bn fortune—and his purchases regularly make headlines. In 2008, he bought The Physical Impossibility of Death in the Mind of Someone Living, Damien Hirst’s pickled shark, for a reported $8m. In 2006, he purchased Willem De Kooning’s Woman III (1952-53) from David Geffen for $137.5m, still one of the largest private transactions in the history of art sales… Read more
Image: Donald Trump raised $107m for his 2018 inauguration