The tycoon who loved women so much he spent $700m on them

view gallery VIEW GALLERY

Wall Street billionaire's secret collection of art to go on display at auction house

It is a question the art world has pondered for years: what paintings does Wall Street's "hedge-fund kingpin" like to hang on his walls? Those who have speculated about Steve Cohen's closely guarded collection have never got very far; the US billionaire buys secretly and swiftly, often from private hands.

Now, however, the secret is out. Mr Cohen, America's 36th-richest man, has been amassing pictures of women at his $15m mansion. They are, of course, no ordinary women but 20 portraits by some of the 19th and 20th century's most famous artists. The list includes Andy Warhol's Turquoise Marilyn, Vincent Van Gogh's Portrait Of A Peasant Girl and Edvard Munch's Madonna. The works will form a dedicated exhibition – "Women" – at Sotheby's in New York from 2 April.

While some were bought privately for undisclosed sums, the auction prices of others hint at the lengths to which Mr Cohen will go to acquire a painting he likes. In 2005, he paid $11.5m, a record at the time for Munch, for his Madonna; a year later, he snapped up Willem De Kooning's Woman III for $137.5m. He brokered a deal to buy Warhol's turquoise silkscreen print of Monroe for $80m, while Picasso's 1932 work Le Repos, which seems to depict both the Spanish painter's wife, Olga, and his young lover, Marie-Thérèse Walter, cost Mr Cohen $34.7m in 2006.

The public has never had a chance to view Mr Cohen's famed collection, which he and his wife, Alexandra, have amassed over the past decade. The idea for displaying the works – none of which are for sale – came from William Ruprecht, president of Sotheby's, and Tobias Meyer, the auction house's director of contemporary art, when they visited the Cohens for dinner.

Speaking to The New York Times, Mr Cohen said: "I was game. It is unlikely that a museum would do something like this and I figured, 'Why not let the public see the pictures?' It's a free exhibition."

Although he only began collecting art in 2000, Mr Cohen took quickly to his hobby, appearing in Forbes magazine's list of "top billionaire art collectors" in 2005. He is believed to have spent about $700m on pictures so far. In 2003, it was reported he had spent 20 per cent of his income at art sales.

He is said to be building a private museum for some of his favourites at his home in Greenwich, Connecticut.

Arts and Entertainment
Larry David and Rosie Perez in ‘Fish in the Dark’
theatreReview: Had Fish in the Dark been penned by a civilian it would have barely got a reading, let alone £10m advance sales
Arts and Entertainment
Victoria Wood, Kayvan Novak, Alexa Chung, Chris Moyles
tvReview: No soggy bottoms, but plenty of other baking disasters on The Great Comic Relief Bake Off
Arts and Entertainment
80s trailblazer: comedian Tracey Ullman
tv
Arts and Entertainment
Stephen Tompkinson is back as DCI Banks
tvReview: Episode one of the new series played it safe, but at least this drama has a winning formula
Arts and Entertainment
TV
Have you tried new the Independent Digital Edition apps?
Arts and Entertainment

ebooksNow available in paperback
Arts and Entertainment

ebooks
Arts and Entertainment
Attenborough with the primates
tv
Arts and Entertainment
Former Communards frontman Jimmy Somerville
music
Arts and Entertainment
Secrets of JK Rowling's Harry Potter workings have been revealed in a new bibliography
arts + ents
Arts and Entertainment
Fearne Cotton is leaving Radio 1 after a decade
radio The popular DJ is leaving for 'family and new adventures'
Arts and Entertainment
arts + ents
Arts and Entertainment
Public Service Broadcasting are going it alone
music
Arts and Entertainment
Eddie Redmayne as transgender artist Lili Elbe in The Danish Girl
filmFirst look at Oscar winner as transgender artist
Arts and Entertainment
Season three of 'House of Cards' will be returning later this month
TV reviewHouse of Cards returns to Netflix
Arts and Entertainment
Harrison Ford will play Rick Deckard once again for the Blade Runner sequel
film review
Arts and Entertainment
The modern Thunderbirds: L-R, Scott, Virgil, Alan, Gordon and John in front of their home, the exotic Tracy Island
TV
Arts and Entertainment
Natural beauty: Aidan Turner stars in the new series of Poldark
TV
Arts and Entertainment
Taylor Swift won Best International Solo Female (Getty)

Brits 2015
Arts and Entertainment
Shining star: Maika Monroe, with Jake Weary, in ‘It Follows’
film review
Arts and Entertainment

Brits 2015
Arts and Entertainment
Paloma Faith arrives at the Brit Awards (Getty)

Brits 2015
Arts and Entertainment
Anne Boleyn's beheading in BBC Two's Wolf Hall

TV review
Arts and Entertainment
Follow every rainbow: Julie Andrews in 'The Sound of Music'
film Elizabeth Von Trapp reveals why the musical is so timeless
Arts and Entertainment
Bytes, camera, action: Leehom Wang in ‘Blackhat’
film
Arts and Entertainment
The Libertines will headline this year's festival
music
Arts and Entertainment
Richard Dean Anderson in the original TV series, which ran for seven seasons from 1985-1992
tv
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

ES Rentals

    Independent Dating
    and  

    By clicking 'Search' you
    are agreeing to our
    Terms of Use.

    Homeless Veterans campaign: Donations hit record-breaking £1m target after £300,000 gift from Lloyds Bank

    Homeless Veterans campaign

    Donations hit record-breaking £1m target after huge gift from Lloyds Bank
    Flight MH370 a year on: Lost without a trace – but the search goes on

    Lost without a trace

    But, a year on, the search continues for Flight MH370
    Germany's spymasters left red-faced after thieves break into brand new secret service HQ and steal taps

    Germany's spy HQ springs a leak

    Thieves break into new €1.5bn complex... to steal taps
    International Women's Day 2015: Celebrating the whirlwind wit of Simone de Beauvoir

    Whirlwind wit of Simone de Beauvoir

    Simone de Beauvoir's seminal feminist polemic, 'The Second Sex', has been published in short-form for International Women's Day
    Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

    Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

    Why would I want to employ someone I’d be happy to have as my boss, asks Simon Kelner
    Confessions of a planespotter: With three Britons under arrest in the UAE, the perils have never been more apparent

    Confessions of a planespotter

    With three Britons under arrest in the UAE, the perils have never been more apparent. Sam Masters explains the appeal
    Russia's gulag museum 'makes no mention' of Stalin's atrocities

    Russia's gulag museum

    Ministry of Culture-run site 'makes no mention' of Stalin's atrocities
    The big fresh food con: Alarming truth behind the chocolate muffin that won't decay

    The big fresh food con

    Joanna Blythman reveals the alarming truth behind the chocolate muffin that won't decay
    Virginia Ironside was my landlady: What is it like to live with an agony aunt on call 24/7?

    Virginia Ironside was my landlady

    Tim Willis reveals what it's like to live with an agony aunt on call 24/7
    Paris Fashion Week 2015: The wit and wisdom of Manish Arora's exercise in high camp

    Paris Fashion Week 2015

    The wit and wisdom of Manish Arora's exercise in high camp
    8 best workout DVDs

    8 best workout DVDs

    If your 'New Year new you' regime hasn’t lasted beyond February, why not try working out from home?
    Paul Scholes column: I don't believe Jonny Evans was spitting at Papiss Cissé. It was a reflex. But what the Newcastle striker did next was horrible

    Paul Scholes column

    I don't believe Evans was spitting at Cissé. It was a reflex. But what the Newcastle striker did next was horrible
    Miguel Layun interview: From the Azteca to Vicarage Road with a million followers

    From the Azteca to Vicarage Road with a million followers

    Miguel Layun is a star in Mexico where he was criticised for leaving to join Watford. But he says he sees the bigger picture
    Frank Warren column: Amir Khan ready to meet winner of Floyd Mayweather v Manny Pacquiao

    Khan ready to meet winner of Mayweather v Pacquiao

    The Bolton fighter is unlikely to take on Kell Brook with two superstar opponents on the horizon, says Frank Warren
    War with Isis: Iraq's government fights to win back Tikrit from militants - but then what?

    Baghdad fights to win back Tikrit from Isis – but then what?

    Patrick Cockburn reports from Kirkuk on a conflict which sectarianism has made intractable