(Rachel Quigley’s article appeared in the Mail Online, 3/26; via Drudge Report.)

A billionaire hedge fund manager bought Picasso's Le Rêve for $155million – t$16million more than he first agreed to pay right before its previous owner tore a hole in it with his elbow.

Steven A. Cohen, whose SAC Capital just settled two insider-trading lawsuits with the government for $616 million, bought himself the belated gift after first agreeing to but it for $139milllion in 2006 from Vegas mogul Steve Wynn.

The price is estimated to be the highest ever paid for an artwork by a U.S. collector


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