October 19, 200620 yr NORM: Wynn accidentally damages Picasso 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. Yeah, that's gotta suck.
October 19, 200620 yr He has a show called "Le Reve" at his new casino, Wynn. I'm gonna be staying at his hotel in a few weeks. Thats a very expensive F up. In fact thats about as expensive as an F up can get.
October 19, 200620 yr Just a dumb observation, but I'm sure it was insured and I'm also sure that when you have that amount of income, the potential to realize $90 million in profit only to instead be left with a one of a kind original piece of art isn't a huge hair-puller.
October 19, 200620 yr He has a show called "Le Reve" at his new casino, Wynn. I'm gonna be staying at his hotel in a few weeks. Thats a very expensive F up. In fact thats about as expensive as an F up can get. *Waits for Iraq War comments*
October 19, 200620 yr He has a show called "Le Reve" at his new casino, Wynn. I'm gonna be staying at his hotel in a few weeks. Thats a very expensive F up. In fact thats about as expensive as an F up can get. *Waits for Iraq War comments* Yeah, that's true. You can say it's the biggest non-war screw up ever....
October 19, 200620 yr Author I don't know why anyone would buy a single painting for $140 million.... you could buy the Marlins for that much!
October 19, 200620 yr I don't know why anyone would buy a single painting for $140 million.... you could buy the Marlins for that much! I would much rather pay $300 million to buy the Marlins, as opposed to half of that for a painting.
October 19, 200620 yr I don't know why anyone would buy a single painting for $140 million.... you could buy the Marlins for that much! I would much rather pay $300 million to buy the Marlins, as opposed to half of that for a painting. Painting will likely appreciate in value, the same can't be said for the Marlins.
October 22, 200620 yr I don't know why anyone would buy a single painting for $140 million.... you could buy the Marlins for that much! I would much rather pay $300 million to buy the Marlins, as opposed to half of that for a painting. Painting will likely appreciate in value, the same can't be said for the Marlins. :ban
October 22, 200620 yr Author I don't know why anyone would buy a single painting for $140 million.... you could buy the Marlins for that much! I would much rather pay $300 million to buy the Marlins, as opposed to half of that for a painting. Painting will likely appreciate in value, the same can't be said for the Marlins. :ban :lol :lol :lol :lol
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