The Hollywood Reporter Reveals the Industry's Top 25 Art Collectors
This summer, Geffen was declared to hold the world's most expensive art collection, according to a report by Wealth-X.
Its findings attribute $1.1 billion of his estimated $5.5 billion holdings to his collection, edging out Francois Pinault, Steve Cohen and Eli Broad (though with recent market fluctuations, its value could be anywhere between $400 million and $2 billion). There is no disputing that Geffen has one of the most important collections of U.S. artists, including Mark Rothko, Jasper Johns and Jackson Pollock.
In 2006, he sold Willem de Kooning's Woman III (which famously spent much of its early life with the Shah of Iran) to Cohen for $137 million, making it the third-most-expensive painting on record (the second: a Pollock sold by Geffen in 2006 for $140 million). He recently gave $25 million for the Academy Museum.