Samuel I. Newhouse Jr., chairman and CEO of Advance Publications (the company, founded by Samuel Irving Newhouse Sr., that owns Condé Nast), and his wife, Victoria, are believed to have spent around $700 million on art. Though there are questions about how much power S.I. still has at Advance Publications, he has yet to retire. The couple once owned Jackson Pollock’s No. 5, 1948, which they sold to David Geffen, and which was ultimately bought by David Martínez (another collector on the ARTnews Top 200) in a record-breaking sale, in 2006, for a reported $140 million. The Newhouses rarely give interviews, and details about their personal lives remain scarce.
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