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Steve Wynn MAJOR Oops - One day after paying $139 million for it

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  • Steve Wynn MAJOR Oops - One day after paying $139 million for it

    Note: The Link is to the local Las Vegas paper, but does contain one swear word...

    http://www.reviewjournal.com/lvrj_ho.../10274785.html


    Pablo Picasso's "dream" painting has turned into a $139 million nightmare for Steve Wynn.

    In an accident witnessed by a group that included Barbara Walters and screenwriters Nora Ephron and Nicholas Pileggi, Wynn accidentally poked a hole in Picasso's 74-year-old painting, "Le Reve," French for "The Dream."

    A day earlier, Wynn had finalized a record $139 million deal for the painting of Picasso's mistress, Wynn told The New Yorker magazine

    The accident occurred as a gesturing Wynn, who suffers from retinitis pigmentosa, an eye disease that affects peripheral vision, struck the painting with his right elbow, leaving a hole the size of a silver dollar in the left forearm of Marie-Theresa Walter, Picasso's 21-year-old mistress.

    "Oh ****, look what I've done," Wynn said, according to Ephron, who gave her account in a blog published on Monday.

    Wynn paid $48.4 million for the Picasso in 1997 and had agreed to sell it to art collector Steven Cohen. The $139 million would have been $4 million higher than the previous high for a work of art, according to The New Yorker.

    Cosmetics magnate Ronald Lauder paid $135 million in July for Gustav Klimt's 1907 portrait "Adele Bloch-Bauer I."

    Wynn plans to restore "Le Reve" and keep it.
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  • #2
    Re: Steve Wynn MAJOR Oops - One day after paying $139 million for it

    Read this a few days ago. At least the guy has a sense of humor.

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    • #3
      Re: Steve Wynn MAJOR Oops - One day after paying $139 million for it

      at least he took responcibilty for his booboo
      We Play Rock and Roll

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      • #4
        Re: Steve Wynn MAJOR Oops - One day after paying $139 million for it

        Indeed, luckily there wasn't an assistant by his side whom he could blame it on.
        "America is the only country that went from barbarism to decadence without civilization in between." Oscar Wilde

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        • #5
          Re: Steve Wynn MAJOR Oops - One day after paying $139 million for it

          Actually the article says Wynn has owned the painting since 97 and had just agreed to sell it. I'm sure it's insured anyway.

          Wynn paid $48.4 million for the Picasso in 1997 and had agreed to sell it to art collector Steven Cohen. The $139 million would have been $4 million higher than the previous high for a work of art, according to The New Yorker.

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          • #6
            Re: Steve Wynn MAJOR Oops - One day after paying $139 million for it

            Originally posted by Schlumpf View Post
            Actually the article says Wynn has owned the painting since 97 and had just agreed to sell it. I'm sure it's insured anyway.
            I was about to say, wouldn't it be insured? Seems like accidental damage would be covered?
            "A bad day at Disneyland is better then a great day at work." ~ Max Fischer )


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