There is no business like art business. Whether the economy is slowing down or is in recession or the art valuations drop, avid art collectors really don’t mind spending multi-million dollars to get their hands on the world’s most sought-after artworks. For centuries, wealthy patrons and collectors have been the life-blood of the art world. And, in the recent times, the billionaire art collectors like
The identity of the buyer Mr. Leon Black, who actually set the record for the biggest sum fetched by an art piece in auction, had been one of the world’s most closely guarded secrets since the dramatic and much-anticipated 12-minute auction held in May. Notably, Mr. Black competed hard in the auction to win this highly sought-after expressionist art piece, one of the four versions of ‘The Scream’ created by Edvard Munch between 1893 and 1910. And, it’s been reported that another avid art collector, billionaire Steven A. Cohen was also the one among other five telephone bidders.
An iconic composition in today’s times, ‘The Scream’ actually symbolizes the plight of man in the stressful modern day scenario, showing a bald man figure clutching his head, standing atop a bridge on a river, below a reddened sky depicting the stressful time he undergoes.
Apart from Edvard Munch’s masterpiece, we have also seen some of the other notable art pieces that fetched record prices in the auctions, and were bought by the top billionaire collectors.
Besides this, he also possesses a $33 million painting by Lucian Freud, which features a female named Sue Tilley, who is stretched naked across a sofa. Notably, this painting holds a world auction record for a living artist.
Steve A Cohen's Art Collection
One of the world’s most significant art collectors, an American Hedge fund manager Steven A. Cohen, who was also one of the probable buyers of ‘The Scream’ possesses an art collection worth of $300 millions.
Steve Cohen also owns the No. 8, 1949 drip painting by Jackson Pollock, which was sold by Hollywood entertainment magnate David Geffen to Steven A. Cohen for $52 million in 2006.
Steve Wynn Art Collection
Another masterpiece painting crafted by Johannes Vermeer, the Young Women Seated at a Virginal’ was bought by casino developer and owner Steve Wynn at Sotheby’s auction in year 2004 for a hefty $30 million.
Bill Gates Art Collection
The multi-billionaire and avid art collector Bill Gates owns George Bellow’s 1910 painting named Polo Crowd, for which he reportedly paid $28 million, that too in year 1999.
Apart from the Polo Ground, Bill Gates also owns like the Lost on the Grand Banks, and other notable artworks.