Billionaires Share Artwork to Back Shows Three NYC Blocks Apart

  • Picasso, De Kooning exhibitions to coincide with auctions
  • Steve Cohen, Joe Lewis, Mitchell Rales are among lenders

It was a highlight of recent Pablo Picasso exhibitions in Paris and London. Now the Spanish master’s celebrated painting “Le Reve" (“The Dream") is returning to New York.

The sensual 1932 portrait of the artist’s lover Marie-Therese Walter will be featured at Gagosian gallery’s exhibition “Picasso’s Women: Fernande to Jacqueline,” opening this week. Hedge-fund manager Steve Cohen, who bought it from Steve Wynn for $155 million in 2013, is loaning the painting.