Billionaire hedge fund manager Steve Cohen has been unmasked as the secret lone bidder who shelled out $101million for a sculpture by Alberto Giacometti at a New York City auction last week. Sources familiar with the details of the sale told local media outlets, among them Page Six, that Cohen, the founder of the now-defunct investment firm SAC Capital Advisors, scooped up the masterpiece titled 'Chariot' last Tuesday at Sotheby's impressionist and modern art sale. The rare 1951 bronze sculpture, one of only six created by Giacometti, features an elongated goddess-like figure perched atop a wheeled chariot. Billionaire's newest toy: Hedge fund manager Steve cohen (left) reportedly bought Alberto Giacometti's 'Chariot' sculpture (right) for $101million at auction November 4
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Giacometti's 1951 sculpture 'Chariot' sold to Cohen is one of only six created by the Swiss artist
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Steve Cohen, 58, is founder of now-defunct SAC Capital Advisors, which had to pay $1.8billion to settle insider trading case last year
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He bought a Picasso from casino magnate Steve Wynn for $155million in 2012 to add to his massive art collection
The painting had to undergo restoration following a notorious 2006 mishap in which Mr Wynn accidentally put his elbow through the canvass, opening a six-inch gash, just before it was set to be shipped to @placeholder.