Billionaire Hedge Fund Manager and prodigious Art Collector Steven A. Cohen has issued a statement clarifying the details behind the purchase of Picasso’s Le Rêve from casino owner Steve Wynn.  Despite reports of the sale coming to light only recently, the deal was reportedly made last October, at the purchase price of $150 Million, when dealer William Acquavella contacted Cohen about the work’s availibility.  “We were at the gallery the next morning,” Says Sandy Heller, Cohen’s art advisor. “In three minutes we had a deal.”   (more…)

Billionaire hedge fund manager Steven A. Cohen has donated a selection of works to the Museum of Modern Art, including paintings by Cy Twombly, Ed Ruscha and Martin Kippenberger.  The gifts come while Cohen is currently under investigation by the U.S. Government for allegations of insider trading. (more…)