The Most Powerful Art Collectors on Wall Street

Image of Ken Griffin from Business Insider

It probably doesn’t come as much of a surprise that some of the most well known Wall Street titans are also some of the world’s most serious art collectors. Haute Living takes a look at some of New York’s most prominent moneymakers who enjoy a beautiful piece of artwork.

Many Wall Street titans see fine art as an investment so they aren’t necessarily accumulating high-priced pieces to resell – many of them are passionate about art.

Dan Loeb: Hedge Funder at Third Point, Loeb collects postwar and contemporary art from artists like Richard Prince, Basquiat, Andy Warhol, Mike Kelley and Cindy Sherman. Loeb currently sits on the board of Los Angeles MoCA and unlike some of the collectors listed below, according to Business Insider, Loeb has no qualms about turning a profit on his art.

Wilbur Ross: As an investor and leveraged buyout giant, Ross prefers antiques more so than art per say, however his expansive penthouse overlooking Carnegie Hall is filled with both. One of his more unique pieces is a 6.5-foot tall bronze monkey by former French artist Francois-Xavier Lalanne.

Andrew Saul: As Partner in Saul Partners, Saul collects Chinese bronzes and ceramics, modern and contemporary art with a special adoration for Postwar American.  Saul is a patron of the MOMA and a member of the Chairman’s Council of the Met.

Ken Griffin: As a hedge funder at Citadel, Griffin enjoys impressionism and post-impressionism. He is also known as being the person who purchased one of the most expensive paintings ever sold in 2006 – a Jasper Johns “False Start” from David Geffen for a reported $86 million.

Jasper Johns "False Start"; Image from Style Crave

Robert Menschel: This banker and former chairman of Lazard Frères and partner at Goldman Sachs collects photography. Menschel is also the former chairman of MOMA and when a 2,000-square-foot namesake gallery opened at the Met in 2007, the couple were recognized for their contribution in increasing the importance of photography in the museum.

Raymond Learsy: Former Commodities trader and collector of contemporary art. Art News has ranked him and his wife as among the top 200 collectors in the world for 6 years consecutive years between 2003 and 2008. Learsy is on the board at the Whitney Museum of American Art, MOMA and the American Friends of the Tate Gallery.

Michael Steinhardt: Hedge funder and founder of Steinhardt, Fine, Berkowitz & Co. and collector of classical antiques, drawings and Judaica. His collection includes pieces by Picasso and Chagalls. It is reported that Steinhardt once had custom officials seize a golden plate from his ancient art collection at his Fifth Avenue home.

Henry R. Kravis: Co-founder of Kohlberg Kravis Roberts & Co. and a collector of Monets, Renoirs and Louis XIV furniture. In order to make room for more contemporary art, however, Kravis has begun to sell of some Modern works from the 1950s. He and his wife have a wing at the Met named after them.

Source: Business Insider

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