Cohen Buys $165 Million Lichtenstein `Masterpiece,' NYT Reports

(Bloomberg) -- Billionaire investor and art collector Steven Cohen paid $165 million for the 1962 Roy Lichtenstein painting “Masterpiece” earlier this year, making it one of the most expensive pieces on record, the New York Times reported.

The comic-inspired Pop art work was sold in January by collector and patron Agnes Gund to raise money for the new Art for Justice Fund devoted to criminal justice reform, the Times said on Sunday. It was sold through the Acquavella Galleries in New York and the price included fees, according to the newspaper.

Jonathan Gasthalter, a spokesman for Cohen, declined to comment when contacted by Bloomberg News.