[credit provider=”Vanity Fair”]
The SAC chief has two major artworks on the chopping board at this month’s huge art auctions at Christies and Phillips de Pury. (Sothebys will also have a major auction in May.)The first, we reported on in March — it’s the Andy Warhol portrait of the late Elizabeth Taylor.
“Liz #5” could fetch up to $30 million, according to Bloomberg.
And even if the piece doesn’t sell, Cohen will still earn some cash becaus the painting is “guaranteed by a third party.”
[credit provider=”Christies” url=”http://www.christies.com/features/maurice-de-vlaminck-paysage-de-banlieue-1375-1.aspx”]
As for the painting to be auctioned at Chrisities, it’s an impressionist landscape by French Fauves artist, Maurice de Vlaminck, dating from 1905.The auction house is estimating the painting will sell for between $18 to $25 million.
So at the very least Cohen will make a few million from the Warhol; at the high end, he could take home $55 million.
“Together, Christie’s, Sotheby’s and Phillips de Pury estimate they could raise as much as $1.4 billion” in the May auctions, Bloomberg said.