Billionaire hedge fund manager Steven A. Cohen purchased Flag in 2010 for a record $110 million, making it the most expensive painting ever by a living artist. The majority owner of the NY Mets, Cohen owns one of the world’s most coveted private art collections valued at more than $1 billion.
Featuring such luminaries as Picasso, Monet, Manet, Koons, Jackson Pollock, Keith Haring, Giacometti, Damien Hirst, Andy Warhol, and emerging artists he and wife Alexandra believe it is important to support, some of the collection lives inside the couple’s 35,000 s.f. Greenwich, Conn. estate. Much of it is rotated quarterly among offices in Stamford, Conn., New York, London, and Asia. Interestingly, individual artworks are not enshrined in the recesses of occasionally-used conference rooms or little-used company libraries. Instead paintings and sculptures are informally placed in oft-passed corners and high traffic hallways so that employees have consistent access to them.
One of seven children and the son of a dress manufacturer and piano teacher, in high school Cohen found his passion in poker, crediting it with an education in risk taking. While a student at Wharton, a friend reportedly helped the risk taker open a brokerage account with $1,000 of his own tuition money.