Warhol Sells for $32 Million at Art Basel’s Rich Bull Run
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Billionaire money manager Steven A. Cohen just missed a chance to buy a 1950s abstract blue painting by postwar minimalist Ad Reinhardt at the David Zwirner Gallery’s booth at Art Basel.
“He came a minute too late,” said David Zwirner, the gallery’s owner who sold the work within the first hour of the preview of the world’s largest modern- and contemporary-art fair in the Swiss city. Zwirner declined to disclose the price, saying only it was bought by a European collector for more than a nearby Jeff Koons sculpture that sold for $5 million.