Steve Wynn accidentally destroys his $40M Picasso

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  • DomBuyer
    Confirmed User
    • Sep 2002
    • 2595

    #1

    Steve Wynn accidentally destroys his $40M Picasso

    ...which he had just sold to Steven Cohen for $130M.

    Ouch!

    Doh!

    http://www.newyorker.com/talk/conten...alk_paumgarten

    edit: $48M!
  • Forest
    Confirmed User
    • Aug 2001
    • 9135

    #2
    duct tape fixes everything

    Comment

    • LiveDose
      Show Yer Tits!
      • Feb 2002
      • 25792

      #3
      Damn that sucks.

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      Comment

      • cool1
        sex is good
        • Sep 2001
        • 24939

        #4
        Damn that must have hurt, even though it seems not to have bothered him that much

        Comment

        • Fred Quimby
          Confirmed User
          • Jul 2004
          • 5430

          #5

          Comment

          • ADL Colin
            Too lazy to set a custom title
            • Feb 2001
            • 11929

            #6
            Fuuuuuuck.


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            Comment

            • beemk
              CLICK HERE
              • Jan 2002
              • 20829

              #7
              sounds like a bs story
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              Comment

              • Forest
                Confirmed User
                • Aug 2001
                • 9135

                #8
                Originally posted by cool1
                Damn that must have hurt, even though it seems not to have bothered him that much
                im sure it was insured for more then he paid for it

                Comment

                • Sosa
                  In Tushy Land
                  • Oct 2002
                  • 40149

                  #9
                  haha poor guy

                  Comment

                  • SomeCreep
                    :glugglug
                    • Mar 2003
                    • 26118

                    #10
                    Any collectible/painting worth over $100,000,000 should be encased or surrounded by bulletproof glass 100% of the time, no acceptions.

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                    Comment

                    • Pete-KT
                      Workin With The Devil
                      • Oct 2004
                      • 51532

                      #11
                      Must be nice to say oh well

                      Comment

                      • Mr. Romance
                        The Face of Romance and the Symbol of Freedom
                        • Mar 2005
                        • 7821

                        #12
                        insurance claim


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                        • DomBuyer
                          Confirmed User
                          • Sep 2002
                          • 2595

                          #13
                          Nora Ephron's account of it.

                          http://www.huffingtonpost.com/nora-e...s_b_31800.html

                          Comment

                          • axelcat
                            Adult Locals
                            • Jun 2002
                            • 25450

                            #14
                            that hurts

                            Comment

                            • Gentle_Ben
                              Confirmed User
                              • Nov 2005
                              • 733

                              #15
                              great read
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                              Comment

                              • marketsmart
                                HOMICIDAL TROLL KILLER
                                • Dec 2004
                                • 20419

                                #16
                                well that fucking sucks

                                Comment

                                • AndyA
                                  So Fucking Banned
                                  • Apr 2001
                                  • 1670

                                  #17
                                  Sounds like BS I agree

                                  Comment

                                  • SomeCreep
                                    :glugglug
                                    • Mar 2003
                                    • 26118

                                    #18
                                    This is Picasso's "Le Rêve."


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                                    Comment

                                    • TheLegacy
                                      SEO RobertWarrenSEO.com
                                      • Apr 2003
                                      • 18172

                                      #19
                                      goes to show that its not just kids who make fuck ups on occasion, even the guys with milions tend to make mistakes. Have to remember that when my new kid runs a hammer into the mustang when running to the backyard to help me


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                                      Comment

                                      • DomBuyer
                                        Confirmed User
                                        • Sep 2002
                                        • 2595

                                        #20
                                        Originally posted by AndyA
                                        Sounds like BS I agree
                                        I don't think so:

                                        "Wynn suffers from an eye disease, retinitis pigmentosa, which affects his peripheral vision and therefore, occasionally, his interaction with proximate objects, and, without realizing it, he backed up a step or two as he talked."

                                        Comment

                                        • BoyAlley
                                          So Fucking Gay
                                          • Nov 2004
                                          • 19714

                                          #21
                                          It's sad to hear about such an important part of art history being damaged.

                                          I've owned several original Picassos, and still have several hanging on my walls. None of them are worth 140 million dollars though. He's my favorite artist:


                                          Last edited by BoyAlley; 10-17-2006, 09:54 AM.

                                          Comment

                                          • Lee
                                            Confirmed User
                                            • Aug 2002
                                            • 2977

                                            #22
                                            One was destroyed in that Swissair crash that time.

                                            Comment

                                            • stev0
                                              Confirmed User
                                              • Aug 2003
                                              • 6801

                                              #23
                                              Originally posted by DomBuyer
                                              ...which he had just sold to Steven Cohen for $130M.

                                              Ouch!

                                              Doh!

                                              http://www.newyorker.com/talk/conten...alk_paumgarten

                                              edit: $48M!
                                              edit: he had a buyer for 139 million ;)

                                              "Cohen agreed to pay a hundred and thirty-nine million dollars for it, the highest known price ever paid for a work of art."

                                              Comment

                                              • BoyAlley
                                                So Fucking Gay
                                                • Nov 2004
                                                • 19714

                                                #24
                                                Originally posted by stev0
                                                the highest known price ever paid for a work of art."
                                                That's an important statement. There have no doubt been some HUGE HUGE HUGE dollar exchanges of art between private collectors that never hit the art world.

                                                It's amazing the types of art related deals ultra rich do behind closed doors.

                                                Comment

                                                • Fat Panda
                                                  Porn is Dead. Move along.
                                                  • Aug 2006
                                                  • 13296

                                                  #25
                                                  i think think this is bogus

                                                  Comment

                                                  • Gabriel
                                                    Confirmed User
                                                    • Apr 2002
                                                    • 4789

                                                    #26
                                                    Originally posted by SomeCreep
                                                    This is Picasso's "Le Rêve."

                                                    Dang, his side chick had popeye forearms.
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                                                    Comment

                                                    • NinjaSteve
                                                      Too lazy to set a custom title
                                                      • Dec 2003
                                                      • 11089

                                                      #27
                                                      doink' that sucks!
                                                      ...

                                                      Comment

                                                      • Atticus
                                                        Confirmed User
                                                        • Dec 2004
                                                        • 1051

                                                        #28
                                                        It was all over the local news here.

                                                        Very cool painting.

                                                        Comment

                                                        • Stallion
                                                          Confirmed User
                                                          • Jan 2001
                                                          • 6632

                                                          #29
                                                          ouch, that sucks..
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                                                          Comment

                                                          • Atticus
                                                            Confirmed User
                                                            • Dec 2004
                                                            • 1051

                                                            #30
                                                            However it is not "destroyed". It has a 2 inch tear apparently that art restorers are currently fixing. Should be good as new within a couple of months they say.

                                                            Comment

                                                            • he-fox
                                                              Confirmed User
                                                              • Jun 2006
                                                              • 2884

                                                              #31
                                                              This kind of art's place is in museums, not in private collections.

                                                              Comment

                                                              • OG LennyT
                                                                Wall Street Pimp
                                                                • Jun 2003
                                                                • 14345

                                                                #32
                                                                its insured
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                                                                • Drake
                                                                  Hello world!
                                                                  • Mar 2003
                                                                  • 12508

                                                                  #33
                                                                  It should have been in a museum anyway.

                                                                  Comment

                                                                  • free4porn
                                                                    Confirmed User
                                                                    • Jun 2005
                                                                    • 4654

                                                                    #34
                                                                    thats alot of cash
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                                                                    • Irrum
                                                                      Confirmed User
                                                                      • Aug 2004
                                                                      • 802

                                                                      #35
                                                                      I would die on the spot if I did that. Very interesting story.

                                                                      Comment

                                                                      • Aneros Josh
                                                                        Confirmed User
                                                                        • Aug 2005
                                                                        • 2038

                                                                        #36
                                                                        Kind of reminds me of when Mr. Bean sneezes on the Whistler's Mother painting and when they unveil it, it has a big cartoon nose he drew with a sharpie...hahaha

                                                                        Comment

                                                                        • dissipate
                                                                          The Dirty Frenchman
                                                                          • Nov 2005
                                                                          • 8904

                                                                          #37
                                                                          Damn, that's an expensive ass fuck-up

                                                                          Comment

                                                                          • DomBuyer
                                                                            Confirmed User
                                                                            • Sep 2002
                                                                            • 2595

                                                                            #38
                                                                            Could you imagine the dealer's commish that went south? Gotta be in the millions. That's the guy I'd cry (sort of) for.

                                                                            Comment

                                                                            • webair
                                                                              Confirmed User
                                                                              • Feb 2002
                                                                              • 8531

                                                                              #39
                                                                              uyy that's gotta HURT!


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                                                                              Comment

                                                                              • nikki99
                                                                                Supermodel
                                                                                • Nov 2004
                                                                                • 23072

                                                                                #40
                                                                                too bad
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                                                                                • shuki
                                                                                  Confirmed User
                                                                                  • Aug 2004
                                                                                  • 3070

                                                                                  #41
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                                                                                  • squishypimp
                                                                                    PostMaster General
                                                                                    • Aug 2006
                                                                                    • 10781

                                                                                    #42
                                                                                    oh god that must have sucked.

                                                                                    Comment

                                                                                    • BusterBunny
                                                                                      perverted justice decoy
                                                                                      • Aug 2005
                                                                                      • 19291

                                                                                      #43
                                                                                      that shit is fucking classic
                                                                                      my sig caught gonoherpasyphilaids and died

                                                                                      Comment

                                                                                      • Midwest Shane
                                                                                        ValMidwest rocks
                                                                                        • Sep 2004
                                                                                        • 1202

                                                                                        #44
                                                                                        I like art too but I think the most I have ever paid for a picture at any time is $500! I guess I have a long ways to go still lol. Melissa

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                                                                                        • Rhesus
                                                                                          Confirmed User
                                                                                          • Aug 2004
                                                                                          • 2009

                                                                                          #45
                                                                                          Miro is my favourite

                                                                                          Comment

                                                                                          • biftek
                                                                                            So Fucking Banned
                                                                                            • Jan 2005
                                                                                            • 1030

                                                                                            #46
                                                                                            got me fucked how ppl can pay that sort of cash for crap
                                                                                            more money then sense , fucking idiots , the painting at hand , fuck me its a fucking ugly piece of shit ,

                                                                                            Comment

                                                                                            • Sveindt Beindt
                                                                                              Confirmed User
                                                                                              • Mar 2005
                                                                                              • 1853

                                                                                              #47
                                                                                              Originally posted by Forest
                                                                                              duct tape fixes everything
                                                                                              Yes even you wife yelling

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                                                                                              • Spunky
                                                                                                I need a beer
                                                                                                • Jun 2002
                                                                                                • 133978

                                                                                                #48
                                                                                                Damn..I guess the insurance will help burden the pain

                                                                                                Comment

                                                                                                • Lee
                                                                                                  Confirmed User
                                                                                                  • Aug 2002
                                                                                                  • 2977

                                                                                                  #49
                                                                                                  Originally posted by Rhesus
                                                                                                  Miro is my favourite
                                                                                                  A nice Miro with excellent provenance went through on Ebay UK earlier this year, went for around £10k which I thought was a steal. Only gonna soar in value.

                                                                                                  Comment

                                                                                                  • XMaster
                                                                                                    Poker Player
                                                                                                    • Jul 2003
                                                                                                    • 2945

                                                                                                    #50
                                                                                                    ouch - i would be mad
                                                                                                    still moneyhere

                                                                                                    Comment

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