Billionaire Steve A. Cohen pay $100 million for Alberto Giacometti's Chariot

Billionaire Steve A. Cohen pay $100 million for Alberto Giacometti’s Chariot

Billionaire  Steve A. Cohen pay $100 million for Alberto Giacometti’s Chariot

Sothebys-Giacometti-Chariot

Alberto Giacometti’s Chariot, which was conceived in 1950 and cast in 1951–2, sold for  $100 million to Steve A. Cohen.
Photo: Courtesy Sotheby’s.

The expected star lot of Sotheby’s auction Tuesday, November 4, 2014, Giacometti’s Chariot, sold for just over $100 million ($100,965,000).Sotheby’s called it “perhaps the most important bronze the artist created.”

Months before the auction, experts predicted there would be a bevy of bidders for Chariot, and the price, they estimated, would most likely soar north of Giacometti’s $104.3 million Walking Man I, which billionaire Lily Safra purchased at Sotheby’s four years ago.

This was not the case. At the sale, Cohen’s bid, placed on his behalf by David Norman, co-chairman of Sotheby’s Impressionist and modern department worldwide, was the one and only for the work.

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