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Power 100

Most influential people in 2010 in the contemporary artworld

32

Steven Cohen

Collector - Big wallet

32 in 2010

  • 201032
  • 200922
  • 200812
  • 20079
  • 200632
  • 200524
Steven A. Cohen. Photo: Patrick McMullan

Cohen is one of the world’s richest men, responsible on some days, at the height of his trading (through hedge fund SAC Capital), for up to 3 percent of everything bought and sold on the New York Stock Exchange. He is also one of the world’s most active art collectors. And he was briefly a significant owner of Sotheby’s stock, during which time 20 works from his collection were shown by the auction house (whatever the agreement there, when the stock rose sharply a short time later, Cohen promptly dumped it). This year, among other purchases, Cohen acquired a 1958 Jasper Johns Flag painting for a reported $110m. Still, it’s a shame when you’re so busy you can’t enjoy your own collection. He recently mentioned retiring to ‘just watch a fucking movie, or hang with my kids’. OK, he forgot to mention ‘and stare at the fucking Flag’, but we’re pretty sure he meant that, too.

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