art

  • jeffrey gundlach

    News

    God Help The Person Who Attempts To Breach Jeff Gundlach’s Perimeter

    Since having his multi-million dollar art collection stolen last year (and putting out an AMBER alert re: their disappearance before doing the cops’ job for them), bond guru Jeffrey Gundlach has put many a protective measure in place.

    / Nov 7, 2014 at 5:25 PM
  • ubs1

    News

    In Its Heart, UBS Is The Descendent Of German Jews Whose Art Was Seized By Nazis

    When Christie’s auctioned off Edgar Degas’s “Danseuses” for nearly $11 million in 2009, the catalog noted that the masterpiece was being sold as part of a restitution agreement with the “heirs of Ludwig and Margret Kainer,” German Jews whose vast art collection was seized by the Nazis in the years leading up to World War […]

    / Oct 20, 2014 at 2:03 PM
  • bank-of-americajpg-c06ad115b23aeca1

    News

    Bank Of America Using Fieldwork, Dioramas To Learn About Poor People

    Over at Dealbook today, you will find a story about how banks like JP Morgan and BofA are “devising low-fee banking especially for customers with troubled finances,” in spite of the fact that such products are “not expected to make the bank[s] any profit.” And while many argue that the sole motivation is to garner […]

    / Jul 23, 2014 at 12:46 PM
  • lloyd-blankfein-and-gary-cohn

    News

    Second Highest Paid Hedge Fund Manager Of 2013 Turns To Goldman Sachs In Hour Of Need

    Luckily, Steve Cohen could count on Goldman to loan him some scratch.

    / May 6, 2014 at 3:10 PM
  • Sothebys01_ssh_20080508142021

    News

    It’s Going To Take A Lot More Than A $325 Million Buyback For This Hedge Fund Manager To Start Taking Sotheby’s Seriously

    Back in October, hedge fund manager Dan Loeb sat down at his desk to pen a letter to auction house Sotheby’s, wherein he informed management that, among other things, they don’t know dick about contemporary art. The Third Point founder went on to list the many ways Sotheby’s had failed shareholders, including “egregious examples of […]

    / Jan 29, 2014 at 4:04 PM
  • steve-cohen-light-blue-fleece1

    News

    Steve Cohen Is Selling Some Art For No Reason

    Mr. Cohen is now parting with about $80 million worth of blue-chip art at the important auctions that begin next week at Sotheby’s and Christie’s. It is the largest single group of artworks he has sold at one time and includes top examples of paintings and sculptures by Brice Marden, Rudolf Stingel and Cy Twombly, […]

    / Oct 31, 2013 at 2:49 PM
  • News

    Coming Soon: The Preet Bharara Museum of Ill-Gotten Art?

    Someday soon, the Manhattan U.S. Attorney may back the trucks up on Cummings Point Road and Crown Lane and Further Lane and seize some of the toys Steve Cohen has acquired with his allegedly illicit fortune. Perhaps Preet’s mind wandered to that day when he was signing a big chunk of Mark Dreier’s former art […]

    / Aug 13, 2013 at 3:09 PM
  • stevecohensac

    News

    Steve Cohen Bought Himself A Little Pick-Me-Up

    As you may have heard, the last number of months have been a bit tough on hedge fund manager Steve Cohen. In November, one of his former employees, Mathew Martoma, was accused of orchestrating “the most lucrative insider trading scheme ever,” in a criminal complaint in which Cohen was referenced as Portfolio Manager A. A week later, the Times lopped 21,000 square feet off his house. Earlier this month, he had the pleasure of setting the record for the largest insider trading fine ever, at $614 million, a sum that does not even put this whole thing behind him, as the settlement “doesn’t preclude the Securities and Exchange Commission from pursuing Cohen himself in the future.” So you’ll excuse the Big Guy if he felt the need to indulge in a little retail therapy recently.

    / Mar 26, 2013 at 12:20 PM
  • This has nothing to do with anything but y'know it's Art. And I like it.

    News

    Worst Abuses Of Unregulated Art Market Look A Lot Like Typical Day In Financial Industry

    If you like or hate financial regulation you might take a quick look at today’s front-page New York Times article about how the art market is unregulated. Apparently this leads to terrible things like “chandelier bidding,” where auctioneers get the ball rolling by calling out a few fake bids, as well as conflicts of interest […]

    / Jan 28, 2013 at 11:10 AM
  • jeffreygundlachbarrons-260x173

    News

    You Can Add The FBI To The (Long) List Of People Impressed With Jeffrey Gundlach’s Brain

    There is no denying that Jeffrey Gundlach is a hugely talented man whose IQ would rank among the highest in the world if he ever had it tested. “What’s it like having lunch with a genius,” he once asked a colleague, who presumably answered, “To be honest, it’s giving me an inferiority complex just breathing the same air as you, knowing that your brain is the standard for how intelligence will be measured from now until the end of eternity.” Until recently, however, the application of Gundlach’s brilliance was largely confined to bond management. According to a new profile by Bloomberg Markets, though, Gundlach’s intellectual prowess is just as if not more impressive when it comes to crime solving.

    / Nov 30, 2012 at 2:54 PM
  • mathewmartomabygeoffreyraymond

    News

    Attention Art Lovers And People Looking To Hedge Their Bets: Get Your Mathew Martoma Today

    Geoffrey Raymond, Wall Street’s artist in-residence, who’s done everyone from Jimmy Cayne to Jamie Dimon to Lenny Dykstra to Ina Drew, put his paintbrush to the canvas over the weekend and came up with this: “Portrait of Mathew Martoma, In The Manner of Roy Lichtenstein,” which is apparently supposed to be an homage to “Drowning Girl.” As this one might become a collector’s item, and animals in formaldehyde aren’t going for what they used to, consider making him an offer tout de suite. Bidding starts at 10K.

    / Nov 27, 2012 at 2:23 PM
  • News

    Jeffrey Gundlach’s Babies Come Home

    Just a week after putting out an AMBER alert that several of his beloved pieces of art had gone missing during a heist on his home and a mere four days after an emotional press conference pleading with the public to help him find them, bond manager Jeffrey Gundlach’s most prized possessions, after his Sexy […]

    / Sep 28, 2012 at 12:41 PM
  • News

    Don’t Overstay Your Welcome: Excusing Himself To Do The Dishes Means You Should Be In The Driveway Already

    No item is more exclusive than the “Art Connoisseurs’ Evening with Steve Cohen.” For a $25,000 donation to Aspire Giving,” the winner receives an “exclusive tour for two of the Cohen residence in Greenwich, CT,” according to a description sent to registered attendees. “Led by Steve Cohen of SAC Capital Adivosrs, you will be able […]

    / Apr 23, 2012 at 11:55 AM
  • News

    Don’t Tucker Yourselves Out On This One Because Next Up Is The “Take A Picture Of Yourself Posing Lewdly With Every One Of Hirst’s ‘Animal-in-Formaldehyde’ Pieces” Challenge

    Remember how Damien Hirst said he’d never make his meh dot paintings again, forcing their market value to skyrocket? Remember how he then went psyche! and started making dots again, showing them off at 11 simultaneous exhibits in all of the Gagosian galleries? Here’s his latest nifty hustle. If you manage to visit all 11 […]

    / Jan 6, 2012 at 3:08 PM
  • News

    MF Global Customer Funds Were Not Used In Connection With This Portrait

    Does anyone have anything they’d like to say to Jon Corzine but have had a difficult time getting in touch? You’re in luck. Geoffrey Raymond, the artist who’s done everyone from Jimmy Cayne, Dick Fuld, Alan Greenspan (collectively known as “The Greats”) to Lloyd Blankfein, Ben Bernanke and, most recently, Lenny Dykstra, has a new […]

    / Nov 11, 2011 at 12:40 PM
  • Hedge Funds, News

    John Paulson Saves An Art Gallery

    The fund run by Paulson & Co. has purchased a loan to American-art specialist Berry-Hill Galleries for about $10 million, as well as the mortgage on the gallery’s property in an elegant townhouse near the Frick Collection, according to public records and people familiar with the matter…The involvement of the fund, Paulson Credit Opportunities Master […]

    / Jun 29, 2011 at 6:13 PM
  • News

    Bring Lenny Dykstra Into Your Home Today

    Geoffrey Raymond, Wall Street’s artist in-residence, has completed his latest: “Dykstra, Nailed.”

    / May 27, 2011 at 11:37 AM
  • News

    Steve Cohen Make Some Pocket Change Off Liz Taylor

    Cohen’s “Liz #5″ went for $26.9 million last night after “two telephone bidders dueled for the work.” SC agreed put the Warhol up for sale just two weeks before the actress died, most likely sensing that her time was going and knowing it’d be too hard to see her every day. [Bloomberg, earlier]

    / May 13, 2011 at 12:37 PM
  • News

    Commemorate (And Potentially Profit From) Leonard Kyle Dykstra

    The last several years have not been the greatest in the life and times of Jim Cramer-endorsed investor Lenny K. Dykstra. The bumps are too numerous to mention in full but include: falling on money troubles so serious that he was no longer able to fly private, having his beloved mansion foreclosed on, leaving the […]

    / May 9, 2011 at 12:12 PM
  • News

    Did A Certain Hedge Fund Manager Have Inside Information About Elizabeth Taylor’s Death?

    Earlier this week, actress and icon Liz Taylor died of congestive heart failure. She had been sick for since 2006 and few on the outside probably could have predicted when she would go. Which is why some of you cynical assholes will surely feel the need to note the auspicious timing of Steve Cohen agreeing […]

    / Mar 25, 2011 at 9:09 AM
  • News

    Which Wall Streeters ‘Run’ The Art Market?

    With few exceptions (thinking about how they could do things like buy a random restaurant just to fire the rude waiter who serviced them, having an IHOP built in their bedroom), few things are more satisfying to financiers than buying multi-million dollar pieces of art to hang above their toilets. Every now and then it’s […]

    / Jan 27, 2011 at 4:16 PM
  • News

    Steve Cohen Is Totally Unfazed By Feds

    Perhaps, you thought, after his hedge fund had received a subpoena from the feds, and the FBI had raided the firms of a bunch of his former employees, and an analyst was asked to wear a wire while having conversations with him, all as part of the government’s effort to behead him on live TV, […]

    / Dec 2, 2010 at 9:23 AM
  • News

    Peter Kraus’s Fabulousness Cost Him A Gig At The Newly Formed Bank of America Merrill Lynch

    While the financial crisis has wreaked havoc on the lives, careers and bank accounts of many, it’s actually been pretty sweet for former Goldman executive Peter Kraus. After leaving Goldman in March 2008 he collected $25 million for a few months of work at Merrill Lynch and then took his current job as chairman and […]

    / Nov 19, 2010 at 2:17 PM
  • News

    Phil Falcone Needs More Cash

    Late last week, it was reported that in Phil Falcone had loaned himself $113 million from one of Harbinger Capital’s funds, where redemptions had been suspended, in order to pay personal taxes. The hedge fund manager said he checked with his lawyers before borrowing the money but investors still were fairly miffed anyway. Goldman Sachs […]

    / Nov 15, 2010 at 9:25 AM
  • News

    Art History Time, With A Portrait Of Meredith Whitney

    Geoffrey Raymond, the artist who’s done everyone from Jimmy Cayne, Dick Fuld, Alan Greenspan (collectively known as “The Greats”) to Lloyd Blankfein and Ben Bernanke has a new painting out. It’s of Meredith Whitney and a bull, and here’s how Raymond describes it: “Surely you remember Picasso’s ‘Dora and the Minotaur’ from that art appreciation […]

    / Nov 2, 2010 at 4:21 PM
  • News

    Someone Finally Bought Jamie Dimon’s House

    You’d think sleeping where Jamie Dimon hath slept would’ve been enough but no: the boy-toy CEO’s 13,500 square foot manse, which he bought in 2000 for $4.7 million, sat on the market for almost two and a half years, from the time he tried to sell it in April 2007 with an asking price of […]

    / Sep 22, 2010 at 1:35 PM
  • News

    Anyone Ex-Lehman Employees Have Something You’d Like To Say To Dick Fuld?

    Geoffrey Raymond, the greatest artist of our time is releasing the Liquidated Fuld and has requested annotations. If you’re not a former Lehman employee but still have something you’d like to get off your chest, feel free, Raymond only asks that ex-Brothers identify themselves as such so that he can put their love notes in […]

    / Sep 16, 2010 at 11:30 AM
  • News

    Big Spenders Not Really Feeling The Animal-In-Formaldehyde Thing Anymore

    IN 2008 just over $270m-worth of art by Damien Hirst was sold at auction, a world record for a living artist. By 2009 Mr Hirst’s annual auction sales had shrunk by 93%—to $19m—and the 2010 total is likely to be even lower. The collapse in the Hirst market can partly be ascribed to the recession. […]

    / Sep 14, 2010 at 6:06 PM

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