April 5, 2013

"SAC Capital insider trading charges: is a cursed Picasso painting to blame?"

"Ownership of the prestigious Le Reve, bought by Steve Cohen just two weeks ago, has proved problematic in the past."

9 comments:

Nonapod said...

He has also amassed one of the world's finest art collections, owning classic paintings by Edvard Munch, Willem de Kooning and Jackson Pollock as well as contemporary pieces including Damien Hirst's pickled shark

What a waste of money. Sure, it's potentially a fine investment for him personally, but there's better ways to use that money in my opinion.

Mitchell the Bat said...

It never before occurred to me that Ms. Walter is menstruating.

wyo sis said...

If you have that kind of money it's not an issue of better ways to use it, it's an issue of how to gain status or power or whatever else drove you to amass that much money. What do they care about how other people think they should use it? Money is a marker and for them isn't money anymore, but a means to an end.

Or, maybe it's just a hearty "up yours."

edutcher said...

It's the Hope Diamond of paintings.

Or the Rolls Royce of cars.

PS That's supposed to be an erotic painting?

lemondog said...

If I had anything near that amount of wealth I'd use it in acquisition of works by obscure or unknown artists, past or emerging.

edutcher said...

That's what the Rockefellers did with Jackson Pollock, and then bought off a couple of art critics to say how great his work was.

lemondog said...

re: Rockefellers, hmmmm, did not know their Pollack boosting but the returns are handsome.

No. 5, 1948 The Most Expensive Painting In The World

ampersand said...

I imagine most of Picasso's works have been cursed at times.

ken in sc said...

Jackson Pollack was a con-artist and bragged about it.