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Sold for $155m to American hedge fund manager Steven A. Cohen: Picasso that was worth $16m less before it got ripped

Independent – Le Rêve, a portrait of the Spanish artist’s 22-year-old mistress Marie-Thérèse Walter, is said to have been painted in one afternoon in 1932, when Picasso was 50. Mr Wynn, right, has sold it to Steven Cohen, a hedge fund manager reputedly worth $9.3bn, according to The New York Post. The $155m price is believed to make Le Rêve the most expensive Picasso ever, and the second costliest painting of all time, before adjustments for inflation.

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