The heirs of American modernist artist Alexander Calder, the inventor of the moving sculpture known as the mobile, have accused his longtime confidant, the art dealer Klaus Perls, of defrauding his estate out of millions of dollars.
John Paulson, founder of Paulson & Co., one of the world’s largest hedge funds, has close-cut black hair, dark eyes and a soft voice. There’s a fuss when he arrives, befitting a man who made one of the biggest fortunes in Wall Street history, as his general counsel and PR consultant jostle for seats next to him.
Christie’s was propelled to its biggest auction ever by selling $745 million worth of art, fueled by Barnett Newman and Francis Bacon paintings and billionaires from around the world who competed for the masterpieces.
When Larry Robbins was a boy in the Chicago suburbs, his father, Sheldon, worked two jobs and wasn’t around much. If the young Robbins wanted to see him on weekends, he had to travel to Arlington Park, a nearby horse-racing track that his dad ran. During those Saturday visits, his father taught him how to handicap horses. One lesson: Know the horse and the race. Was the track dry or muddy? Did the horse win because he was fast or because the competition was lousy?