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Steinhardt Pledges Picassos for Real Estate as Art Loans Surge
Michael Steinhardt, the former hedge-fund manager who has spent at least $200 million on fine art, is using part of the collection to secure low-cost funding for his latest real estate venture. Steinhardt and his wife, Judy, pledged 20 paintings and drawings, including five by Pablo Picasso and one by…
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Click here to read the full story: Bloomberg