Steven A. Cohen Was Buyer of Giacometti’s ‘Pointing Man,’ for $141 Million
— June 9, 2015 0 5By DANIEL MCDERMON JUNE 9, 2015 3:09 PM | ArtsBeat/The New York Times
The bidder who won Alberto Giacometti’s “L’homme au doigt (Pointing Man)” for $141.3 million (including fees) from an auction at Christie’s last month was the hedge fund billionaire Steven A. Cohen, according to two people with knowledge of the sale.
The news was first reported by The New York Post.
The work, part of an edition of six, plus an artist’s proof, had been estimated at $130 million. Two telephone bidders competed for the work, which sold just 30 minutes after Picasso’s “Les Femmes d’Alger (Version ‘O’)” was hammered down for $179.4 million with fees.
Last year, Mr. Cohen bought another Giacometti work, “Chariot,” for $101 million at a Sotheby’s auction.
Giacometti’s sculptures have earned trophy status among some of the world’s wealthiest art collectors in recent years, since the London collector Lily Safra bought another of his works, “Walking Man I,” at a 2010 London auction for $104 million (about $113 million when adjusted for inflation).
The Giacometti and Picasso sales helped push Christie’s evening art auction sales over $1 billion in just three days.
“Pointing Man,” a five-foot-high bronze figure by Alberto Giacometti, on display at Christie’s. © Darren Ornitz/Reuters
Reference: ArtsBeat/The New York Times By DANIEL MCDERMON JUNE 9, 2015 3:09 PM
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