Pursuits
Flashy Malaysia Financier Said to Sell Picasso at Loss
- Low Taek Jho said to sell art pledged for $100 million loan
- Works were among top lots at Sotheby's auctions this month
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Malaysian financier Low Taek Jho has attracted attention for his flashy lifestyle and real estate deals, as well as his connections to the prime minister’s family and the government’s troubled investment fund.
Now Low is once again creating buzz in the art world. Since Feb. 3, he has sold works by Claude Monet, Pablo Picasso and Jean-Michel Basquiat, according to three people familiar with the matter. They fetched about $54 million, with unusually steep losses on at least two pieces.