Pursuits
Billionaire Griffin Pays $500 Million for Two Paintings
- Buys Pollock, de Kooning from David Geffen's foundation
- Billionaire's purchase in fall preceded art market's slowdown
The Willem de Kooning and Jackson Pollock.
Source: Art Institute of ChicagoThis article is for subscribers only.
Billionaire Ken Griffin paid about $500 million for two paintings by Abstract Expressionist masters in one of the largest private art deals ever, according to people familiar with the transaction.
Griffin, founder of Chicago-based hedge fund firm Citadel, bought works by Jackson Pollock and Willem de Kooning from David Geffen’s foundation, said one of the people, who asked not to be identified because the information is confidential.