In March, Steven Cohen set a record in the art world when he paid $155 million for ‘Le Rêve’, Pablo Picasso’s portrait of his muse and mistress Marie-Thérèse Walter.
‘Le Rêve’ fetched the highest price ever for a Picasso even though it was badly damaged in 2006 when its former owner, the casino magnate Steve Wynn, accidentally put his elbow through the canvas. By all accounts the painting was expertly repaired and the mishap did not diminish its value.
Cohen hopes investors will feel the same way
The week on Risk.net, July 14–20, 2017Receive this by email