“I really just started buying art as a passion,” hedge-fund manager Daniel S. Loeb told Business Insider. Loeb, who is one of the founders of Third Point, and his wife, Marguerite Munzer Loeb, own a robust collection of contemporary art that includes works by Richard Prince, Mike Kelley, Cindy Sherman, and Andy Warhol. In 2013 Third Point became a major shareholder in Sotheby’s, and Loeb, who had been critical of the auction houses management, became a member of its board of directors in 2014. Sotheby’s CEO William Ruprecht announced he was stepping down in November of that year.
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