Steve Cohen Sells Dandy
Edouard Manet’s “Self Portrait with a Palette” sold tonight in London for 22.4 million pounds ($33.2 million) with fees, a record for the artist at auction. The 1878 painting, showing Manet dressed as a Parisian dandy, rather than as a working artist, is a well-known highlight of the art collection formed by Steven A. Cohen, founder of SAC Capital Advisors LP. Cohen paid $18.7 million for the painting at Christie’s International’s 1997 auction of the collection of the Wall Street financier John Loeb. The seller wasn’t named by Sotheby’s.
