Steven Mnuchin S Father Robert Did Not Just Spend 91 Million On A Jeff Koons Sculpture

Mnuchin’s professional career began pretty far from the art world, at Goldman Sachs, where he got a job in 1957. He stayed on at the company for 33 years, eventually joining the firm’s management in 1980. Ten years later, he retired, but in 1992, he broke into the art brokering business at C & M Arts, a gallery he formed, along with established art dealer James Corcoran. Since then, the gallery has seen its name change to L&M Arts when another dealer, Dominique Lévy, joined in the business. But, as we mentioned earlier, the actual owner of Rabbit got it through Mnuchin, acting as a broker on his behalf. And that owner, hedge fund manager Steven A. Cohen himself has plenty of experience in the art world, having amassed an incredible collection of art valued at at least $1 billion (and that was before his most recent acquisition!). Cohen’s art collection includes works by such famous artists as Andy Warhol, Pablo Picasso, and many more. And Rabbit is not even the first work by Jeff Koons to become part of that collection – he reportedly already owns one of the artist’s famous Balloon Dog pieces, in yellow. How much he paid to acquire that sculpture hasn’t been publicly stated but for comparison’s sake, another version of Balloon Dog (this one in orange) sold for the princely sum of $58 million in 2013.