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Steve Wynn accidentally destroys his $40M Picasso Steve Wynn accidentally destroys his $40M Picasso
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Old 10-17-2006, 10:34 AM   #1
DomBuyer
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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!
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Old 10-17-2006, 10:37 AM   #2
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duct tape fixes everything
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Old 10-17-2006, 10:38 AM   #3
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Damn that sucks.
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Old 10-17-2006, 10:39 AM   #4
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Damn that must have hurt, even though it seems not to have bothered him that much
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Old 10-17-2006, 10:39 AM   #5
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Old 10-17-2006, 10:41 AM   #6
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Fuuuuuuck.
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Old 10-17-2006, 10:42 AM   #7
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sounds like a bs story
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Old 10-17-2006, 10:43 AM   #8
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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
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Old 10-17-2006, 10:43 AM   #9
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haha poor guy
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Old 10-17-2006, 10:46 AM   #10
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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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Old 10-17-2006, 10:47 AM   #11
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Must be nice to say oh well
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Old 10-17-2006, 10:47 AM   #12
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Old 10-17-2006, 10:47 AM   #13
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Nora Ephron's account of it.

http://www.huffingtonpost.com/nora-e...s_b_31800.html
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Old 10-17-2006, 10:48 AM   #14
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that hurts
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Old 10-17-2006, 10:48 AM   #15
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great read
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Old 10-17-2006, 10:49 AM   #16
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well that fucking sucks
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Old 10-17-2006, 10:50 AM   #17
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Sounds like BS I agree
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Old 10-17-2006, 10:50 AM   #18
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This is Picasso's "Le Rêve."

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Old 10-17-2006, 10:52 AM   #19
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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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Old 10-17-2006, 10:52 AM   #20
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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."
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Old 10-17-2006, 10:53 AM   #21
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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 at 10:54 AM..
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Old 10-17-2006, 10:55 AM   #22
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One was destroyed in that Swissair crash that time.
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Old 10-17-2006, 10:56 AM   #23
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Originally Posted by DomBuyer View Post
...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."
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Old 10-17-2006, 10:58 AM   #24
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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.
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Old 10-17-2006, 11:00 AM   #25
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i think think this is bogus
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Old 10-17-2006, 11:11 AM   #26
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This is Picasso's "Le Rêve."
Dang, his side chick had popeye forearms.
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Old 10-17-2006, 11:21 AM   #27
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doink' that sucks!
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Old 10-17-2006, 11:35 AM   #28
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It was all over the local news here.

Very cool painting.
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Old 10-17-2006, 11:35 AM   #29
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ouch, that sucks..
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Old 10-17-2006, 11:37 AM   #30
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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.
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Old 10-17-2006, 11:37 AM   #31
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This kind of art's place is in museums, not in private collections.
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Old 10-17-2006, 11:38 AM   #32
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its insured
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Old 10-17-2006, 11:39 AM   #33
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It should have been in a museum anyway.
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Old 10-17-2006, 11:46 AM   #34
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thats alot of cash
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Old 10-17-2006, 11:57 AM   #35
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I would die on the spot if I did that. Very interesting story.
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Old 10-17-2006, 12:21 PM   #36
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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
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Old 10-17-2006, 12:24 PM   #37
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Damn, that's an expensive ass fuck-up
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Old 10-17-2006, 12:25 PM   #38
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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.
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Old 10-17-2006, 12:26 PM   #39
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uyy that's gotta HURT!
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Old 10-17-2006, 12:26 PM   #40
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too bad
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Old 10-17-2006, 01:57 PM   #41
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holly molly
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Old 10-17-2006, 02:13 PM   #42
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oh god that must have sucked.
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Old 10-17-2006, 02:20 PM   #43
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that shit is fucking classic
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Old 10-17-2006, 02:38 PM   #44
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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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Old 10-17-2006, 02:45 PM   #45
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Miro is my favourite
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Old 10-17-2006, 04:24 PM   #46
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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 ,
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Old 10-17-2006, 04:29 PM   #47
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duct tape fixes everything
Yes even you wife yelling
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Old 10-17-2006, 04:34 PM   #48
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Damn..I guess the insurance will help burden the pain
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Old 10-17-2006, 04:34 PM   #49
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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.
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Old 10-17-2006, 04:37 PM   #50
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ouch - i would be mad
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