Posts
Starts at just $1 per CPM or $0.10 per CPC.
Saturday, August 3, 2013
Making a Living with eCommerce?
Steven Cohen's Picasso: After Insider Trading Payout, Hedge Fund Billionaire Spends $155 Million On Masterpiece
It did not take long for Steven Cohen, the billionaire behind SAC Capital, to get over his $600 million payout to the Securities and Exchange Commission (SEC). Not even two weeks after the hedge-fund manager settled over insider trading allegations, the 117th richest man in the world purchased a famous Picasso painting. The price tag on the masterpiece? A whopping $155 million.
According to The New York Post's anonymous source:
“Steve bought ‘Le Rêve’ as a gift to himself. This was supposed to be a top- secret sale because of the government investigation and settlement.”
Well, the sale was not so secret now, and neither is the backstory behind Cohen's recent acquisition. He attempted to buy the Picasso in 2006 from fellow billionaire and casino mogul Steve Wynn. But Wynn accidentally put his elbow through the canvas while showing it off to some pals, Nora Ephron famously reported in a blog for The Huffington Post. The Three Stooges-esque snafu resulted in about $45 million in damage and the loss of a sale to Cohen.
Christopher Burge, chairman of Christie's (L), starts the bidding for Pablo Picasso's painting, 'Le Reve', 10 November in New York at an auction of the collection of Victor and Sally Ganz. The painting, one of 58 pieces of 20th century art offered for sale, was bought for 48 million USD by an unidentified bidder. (STAN HONDA/AFP/Getty Images)
Fast forward to 2013 and Wynn, who originally paid $48 million for the famed painting, not only sold the Picasso to Cohen but he made a hefty profit along the way. The original asking price from 2006 jumped from $139 million to $155 million, according to New York Magazine. (Note to future collectors: When a Vegas hot-shot puts their appendage through a work of art, the value of the piece might just increase if you wait it out.)
In case you were interested in the rest of Cohen's illustrious art collection, the billionaire investor has also laid down big bucks for works like Edvard Munch’s "Madonna" ($11 million), Damien Hirst’s "The Physical Impossibility of Death in the Mind of Someone Living" ($8 million), Willem de Kooning’s "Woman III" ($137 million), Andy Warhol’s "Turquoise Marilyn" ($80 million), and Jasper Johns' "Flag" ($110 million). He also recently donated works by Cy Twombly and Martin Kippenberger to the Museum of Modern Art's permanent collection, the New York Times reports.
Sometimes retail therapy works, we suppose.
Get AlertsLooking for some adult forum posters
Starts at just $1 per CPM or $0.10 per CPC.
Friday, August 2, 2013
How to Create an Internet Radio??
Starts at just $1 per CPM or $0.10 per CPC.
Prostate Cancer Risk Linked To Early-Onset Baldness In New Study
French researchers said it, and now a team from the Center for Clinical Epidemiology and Biostatistics at the University of Pennsylvania in Philadelphia have released new evidence to support their claim: Men who lose their hair early in life have a greater risk of developing prostate cancer.
In a study of 537 African-American men -- 318 with prostate cancer and 219 controls -- investigators discovered that baldness of any kind was associated with a 69 percent increased risk of prostate cancer, particularly among African-American men.
According to the study, which was published in Cancer Epidemiology, Biomarkers & Prevention, a journal of the American Association for Cancer Research, black men with frontal baldness, and not vertex baldness, were more than twice as likely to have been diagnosed with advanced prostate cancer. The association was even stronger among those who were diagnosed when younger than 60, with a sixfold increase in high-stage prostate cancer and a fourfold increase in high-grade prostate cancer.
The findings concur with a 2011 report showing that men who start to go bald at age 20 may be more likely to develop prostate cancer in later life. Though grim, the team conducting that study suggested that their findings be used as a basis for early screening or preventative therapy for those at higher risk.
“Early-onset baldness may be a risk factor for early-onset prostate cancer in African-American men, particularly younger men,” said Charnita Zeigler-Johnson, Ph.D., research assistant professor at the Center for Clinical Epidemiology and Biostatistics at UPenn and lead author of the study. “Pending future studies to confirm our results, there is a potential to use early-onset baldness as a clinical indicator of increased risk for prostate cancer in some populations of men,” he added.
Black men have the highest incidence rate for prostate cancer in the United States and are more than twice as likely as White men to die of the disease, according to the National Cancer Institute.
Related on HuffPost: Get Alerts
Subscribe to:
Posts (Atom)