Alexandra and Steven A. Cohen began collecting art in 2000. Since that time, according to published reports, they have spent more than $1 billion on their collection, which includes works by Willem de Kooning, Andy Warhol, Pablo Picasso, Jasper Johns, Jeff Koons, and Jackson Pollock among many others. (In 2015, Steven was revealed to be the buyer of Alberto Giacometti’s L’Homme au doigt, 1947, one of the most expensive works ever sold at auction.) The Cohens have given millions to the Metropolitan Museum of Art, El Museo del Barrio, the Guggenheim Museum, the Rock and Roll Hall of Fame, and, most recently, the Museum of Modern Art, to which the donated $50 million toward an expansion. These charitable endeavors have offset more controversial areas of Steven’s life, including his notoriously complicated relationship with his ex-wife, and the insider-trading scandal that led to the restructuring of his hedge-fund company, SAC Capital Advisors, in 2014. He has also been known to part with works from his collection—in November 2015, for instance, he sold a Warhol “Mao” painting at a Sotheby’s auction for over $47 million. In 2018, Steven is expected to launch a new $20 billion hedge fund.
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