Hedge Fund Manager Steve Cohen Buys $155M Picasso
Hedge fund manager Steven A. Cohen has bought a famous Picasso painting from casino mogul Steve Wynn for a record price, according to a report.
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Chaos in Today's Egypt Sparks Worries About Its Ancient Past
The frightening battles in Egypt have Americans peppering museums with questions about what's going on there. At the same time, antiquities authorities in Egypt are warning museums and auction houses to be on the alert for people trying to sell looted items.
Rare Apple I Computer Sells for $210,000 at Auction
An Apple I, one of only 200 computers the company made for its first-ever sales model in 1976, sold at a London auction for about $210,000, the Associated Press reported.
A Picasso Sets a New Art Market Record
Recession? What recession? Plenty of cash is flowing into the art market, even as the economy struggles to get back on its feet. Now, with Picasso's "Nude, Green Leaves and Bust" garnering a record price, has the market recovered?
Sotheby's Prepares to Revive Art Price Guarantees
Christie's International says expects to have a better year in 2010 than it did in 2009. Yet there are degrees of recovery: Though the practice of guaranteeing minimum prices is poised to return, sellers won't see a swift return to the prices objects fetched at auction in 2007.
