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Friday, February 19, 2016

Billionaire Griffin Pays $500 Million for Two Paintings

http://www.bloomberg.com/news/articles/2016-02-18/billionaire-griffin-said-to-pay-500-million-for-two-paintings

Billionaire Ken Griffin paid about $500 million for two paintings by Abstract Expressionist masters in one of the largest private art deals ever, according to people familiar with the transaction.
Griffin, founder of Chicago-based hedge fund firm Citadel, bought works by Jackson Pollock and Willem de Kooning from David Geffen’s foundation, said one of the people, who asked not to be identified because the information is confidential.

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