Billionaire hedge funder Ken Griffin has bought two paintings, a de Kooning and a Jackson Pollock, for a total of $500 million, setting a new record for contemporary art.
CNBC reported that music mogul David Geffen was the seller, and that the 1955 de Kooning, “Interchange,” is now believed to be the most expensive contemporary work of art ever sold.
Chicago-based Griffin, who last year settled an ugly divorce battle with his ex Anne Dias-Griffin, has been on a spending spree.
Page Six revealed he was the buyer of the record $200 million-plus penthouse at 220 Central Park South.
He also sprung for a $60 million Miami condo and donated $40 million to MoMA in December.
Meanwhile, Griffin’s hedge fund, Citadel, laid off more than a dozen employees this week due to market fluctuations. And he doesn’t even get to hang the paintings in his new pads. They’re currently on loan to the Art Institute of Chicago.
A museum rep said the loan is “an exciting opportunity to share these paintings with the thousands of visitors to our museum.”