Billionaire Ken Griffin Buys de Kooning, Pollock for $500M

Billionaire Ken Griffin Buys de Kooning, Pollock for $500M

Published: February 27, 2016 | By: American Luxury Staff

Chicago-based hedge-fund manager and billionaire Ken Griffin tied the dollar amount for the largest art purchase of all time after paying $500 million for a pair of Abstract Expressionist paintings last fall, according to Bloomberg.

Griffin apparently dropped almost $300 million on Willem de Kooning’s 1955 oil painting “Interchanged,” and around $200 million for a 1948 work of Jackson Pollock entitled “Number 17A.”

Members of the art world are calling it the largest private art deal of all time, but the $300 million purchase of the Willem de Kooning piece has tied the $300 million Qatar Museums paid for Paul Gauguin’s “When Will You Marry?” in February of last year.

Both of Griffin’s new pieces are on display at the Art Institute of Chicago and will remain there for the time being.

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