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. 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 who has been listed in the ARTnews Top 200) in a record-breaking sale, in 2006, for a reported $140 million. Samuel I. Newhouse Jr. died in 2017 at the age of 89.
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