• art

    Dealbreaker Theater Review: Monetizing Emma

    Ed. note: Last night was the Manhattan debut of the play Monetizing Emma. We sent Above The Law editors David Lat and Kashmir Hill to check it out. Here’s their review. Over at Above The Law, we often write about the business side of law firms, but we don’t have the appreciation and knowledge of […]

    / Jun 18, 2009 at 12:25 PM
  • art

    Hirst Still Playing Elaborate Joke On Hedge Fund Community

    Hey there aspiring Little Steves– nows your chance to sidle up to the big guy and remark, “Looks like we have the same taste in art, though mine clearly veers a little more towards the Renaissance Fair-inspired, gay works.” Artist Damien Hirst is selling some new pieces from his ‘animal-in-formaldehyde’ schtick collection. Up for grabs […]

    / Jul 29, 2008 at 10:00 AM
  • art, Bear Stearns, James Cayne

    Jimmy Cayne’s Head On Display At Bear Stearns

    If you walk by Bear Stearns Madison Avenue headquarters tomorrow, you might catch a glimpse of former chief executive Jimmy Cayne on the street. Unfortunately, we’re not privy to Cayne’s personal schedule. Rather, we know that Geoffrey Raymond, Wall Street’s most important artist, will be displaying his latest masterpiece, a portrait of Cayne, outside the […]

    / May 27, 2008 at 11:32 AM
  • art, clothes


    Damien Hirst, the little artist lover boy of several notable hedge fund managers, has churned out yet another masterpiece of ridiculousness. This time it’s a line of psychedelic jeans for Levis, inspired by work of Andy Warhol. Unlike Hirst’s pickled tiger shark, which Steve Cohen bought for $8 million, and a diamond encrusted skull, sold […]

    / Apr 8, 2008 at 3:21 PM
  • art, SAC Capital

    Case Closed

    You’ve obviously read the story on Bloomberg about the big art robbery in Zurich; paintings by Cezanne, Degas, Monet and Van Gogh worth more than $163 million were stolen. It’s a big deal if you give a shit about obscure art museums in third-rate European cities. Reporters Marc Wolfensberger and Linda Sandler note that three […]

    / Feb 11, 2008 at 1:13 PM
  • art

    Gary Coleman’s Autographed Track Suit ALSO On Sale

    Geoffrey Raymond, the greatest artist of our time (excuse me, of all time), who brought us such masterpieces as “Big Lloyd I (.6 Billion)” (a rendering of Lloyd Blankfein), “Big Jim I: Get Up (I Feel Like Being A) Sex Machine” (Jim Cramer), and “Big Dick I (Hundred Million)” (Dick Grasso), and “Big Maria” (Maria […]

    / Jan 7, 2008 at 1:15 PM
  • art

    Check Your Head

    “For the Love of God,” the platinum skull that Damien Hirst studded with 8,601 diamonds and called art, has been sold. An unnamed investment group—perhaps requesting anonymity because this is the kind of purchase that gets you a reputation for being insane—will pay $100 million in cash for the piece, which had been on the […]

    / Aug 29, 2007 at 4:03 PM
  • art, Goldman Sachs, Hedge Funds

    What The Market Hath Wrought

    The real tragedy today isn’t that the Federal Reserve is suddenly cool with inflation, that hedge funds are being forced to churn out “Sorry about that” letters on an hourly basis, or that there’s a 39 percent chance that Countrywide Financial will be forced to hold a fire sale. It’s not even that John Devaney […]

    / Aug 17, 2007 at 3:00 PM
  • art, Hedge Funds

    Sheep Watch: Hedge Funds

    Apparently slavish devotion to following the crowd and going to whatever bar everyone else is going to (Netti’s, Marquee), drinking what everyone else is drinking (Red Bull, Bud Light from a keg), and thinking what everyone else is thinking (Kappa Sig RULES) isn’t just for first-years anymore, it’s for hedge fund managers, too. And it’s […]

    / May 7, 2007 at 10:00 AM
  • art, Hedge Funds

    A Letter to Shareholders

    While Stevie Cohen/Wynn may be content to simply own paintings suitable for sticking one’s elbow in, Rajiv Chaudhri, founder of Digital Century Capital, a technology hedge fund, demands more of his art. For him to shell out upwards of $1.6 million, it must “ooze power” from all of its orifices. Only then will he place […]

    / Mar 14, 2007 at 2:30 PM
  • art, Hedge Funds, SAC Capital, Stevie Cohen

    Hedge Funds Versus Art: The Cost Steve Wynn’s Elbow

    Bloomberg’s reporting today that Steve Wynn is suing Lloyds of London for $54 million, the amount of the claim he submitted after he stuck his elbow through a Picasso that SAC Capital founder Stevie Cohen had agreed to buy for $139 million. We don’t know. We like to think that if we put our elbow […]

    / Jan 11, 2007 at 3:43 PM
  • art, Dick Grasso

    Dick Grasso Portrait Sold

    Despite spending a few days outside the New York Stock Exchange and being mentioned everywhere from Gawker to the New York Times, the colorful Dick Grasso portrait by artist Geoffrey Raymond did not attract a rash of bonus-rich Wall Streeters to its Ebay auction. In all, only three people placed bids on it. The winning […]

    / Dec 11, 2006 at 4:41 PM
  • art, SAC Capital, Stevie Cohen

    Wealthy People Still Overspending On Ugly Art

    Stevie-boy has said that he makes 90% of his money from 5% of his investments. We hope he’s trying to make money with this art stuff because the alternative–that someone would actually like to have stuff like this painting hanging around their home–is too horrible to contemplate. From the New York Times: As records were […]

    / Nov 20, 2006 at 12:12 PM
  • art, Hedge Funds

    Hedgies Big Fans of Art, Chartering Yachts. Maybe.

    While researching for his forthcoming book, Fortune’s Fortress: A Primer on Wealth Preservation for Hedge Fund Professionals, Russ Alan Prince polled a group of hedge funders about their spending habits, and found that, on average, each one spent roughly $4 million on art in 2005. And though they’d never really struck us right side of […]

    / Nov 9, 2006 at 1:32 PM
  • art, Stevie Cohen

    Steve Wynn’s $40 Million Party Foul

    We totally saw this on the Brady Bunch once. (Yeah, we know it was a vase, but it’s the same idea and you know it). The thing to do is tape it together and hope mom and dad don’t notice. The Ganz collection went up for auction in 1997, Wynn was saying — he was […]

    / Oct 18, 2006 at 2:30 PM
  • art, Hedge Funds, SAC Capital

    Hedge Funds vs. Art: Picasso Blue Period Gets An Elbow!

    Page Six details the latest crimes of hedge fundsters against art. Well, this time it wasn’t actually a hedge fundster who was responsible for the damage. It was allegedly casino operator Steve Wynn who put his hand through “Stevie Baby” Cohen’s Picasso, according to Page Six. DID casino king Steve Wynn put his elbow through […]

    / Oct 13, 2006 at 3:41 PM
  • art, Citadel, Hedge Funds, SAC Capital

    Hedge Funds vs. Art, Round Whatever

    A few years ago we felt like a sophisticated, cultured high-roller when we flew out to Chicago for a weekend to catch a well-reviewed special exhibit at the Chicago Art institute. At least, that was the impression we were hoping to leave on the pretty young woman we flew out with us. And it kind […]

    / Oct 13, 2006 at 10:21 AM

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