Michael Findlay News
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Steven Cohen, owner of SAC Capital Advisors LP, has bought Pablo Picasso’s “Le Reve” for $155 million from casino owner Steve Wynn, a person familiar with the transaction said.
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Christie’s International sold $156 million of Impressionist and modern art last night in New York, less than half the year-ago total, as collectors and advisers lamented a scarcity of masterpieces.
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The morning after Acquavella Galleries opened its “Georges Braque: Pioneer of Modernism” exhibition last month, some of the top modern-art dealers rushed to see the French painter’s first major New York retrospective since 1988.
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Bank of America Corp. , hurt by an exodus of at least 30 senior investment bankers in Europe, is falling behind rivals fighting for a shrinking pool of business.
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Steve Wynn ’s Roy Lichtenstein painting titled “Ohhh ... Alright...’’ (1964) could sell for $40 million at Christie’s International on Nov. 10.
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A 1934 Pablo Picasso painting of his mistress may fetch as much as $35 million at Sotheby’s in New York next month as auction houses aim to capitalize on buyers’ appetite for iconic 20th-century art.
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A 1941 Picasso to be offered at Sotheby’s tomorrow night with a $20 million to $30 million presale estimate was damaged while in the care of New York’s Acquavella Galleries, according to a lawsuit filed by the insurer of its owner, Ted Forstmann.
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