Normally, the answer to the semi-annual "who anonymously bought the astronomically expensive Picasso?" question would be "Steve Wynn." But not this time. Picasso's Dora Maar with Cat went to a man described by the Times as being in his late 40s, inexperienced at buying art at auction and "possibly Russian." And that's not the only thing he bought:
Tyco International was selling two paintings that had been at the center of a scandal when its former chairman and chief executive, L. Dennis Kozlowski, was indicted in 2002 on charges that he evaded more than $1 million in New York State taxes by having art dealers ship empty boxes to Tyco's offices in New Hampshire while having messengers deliver the paintings to his Fifth Avenue apartment...A Monet landscape, "Near Monte-Carlo," an 1883 seascape estimated at $2 million to $3 million, was sold $5 million to the anonymous buyer of the $95.2 million Picasso.
Mystery Bidder Spends 95 Million on a Picasso [NYTimes]
Posted by jay, May 06, 2006 11:34AM
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