kevin
Posts: 1021
Joined: Sat Dec 02, 2000 5:03 am

Casino Mogul Rips $140mln Painting

Wed Oct 18, 2006 9:28 am

Casino mogul Steve Wynn will keep and restore a Pablo Picasso painting that he accidentally damaged shortly after he had agreed to sell it for a record $139 million, an aide said Tuesday.

Wynn was showing the painting called "Le Reve," French for "The Dream," to guests in his office earlier this month at Wynn Las Vegas when he struck the painting with his right elbow, spokeswoman Denise Randazzo said.

Wynn, who often gestures with his hands when he speaks, has retinitis pigmentosa, an eye disease that affects peripheral vision. He was traveling Tuesday and unavailable for comment.

The 1932 painting was left with a silver dollar-sized hole torn in the canvas, according to an account by screenwriter Nora Ephron, who saw the mishap.

Wynn reacted with an expletive, and said that he was glad he was responsible instead of someone else, Ephron recounted in a blog published Monday. He also promised to repair the painting.

Wynn bought the work for $48.4 million in 1997. He had agreed to sell the painting to art collector Steven Cohen for $139 million, which would have been $4 million higher than the $135 million that cosmetics magnate Ronald Lauder paid in July for Gustav Klimt's 1907 portrait, "Adele Bloch-Bauer I."
 
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jetjack74
Posts: 6606
Joined: Sun Jul 27, 2003 6:35 am

RE: Casino Mogul Rips $140mln Painting

Wed Oct 18, 2006 9:38 am

Another case of: YOU BREAK IT, YOU BOUGHT IT DUMBASS. Stupid ass rich people.  stirthepot 

[Edited 2006-10-18 02:39:48]
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canuckpaxguy
Posts: 1482
Joined: Sat Sep 06, 2003 2:31 pm

RE: Casino Mogul Rips $140mln Painting

Wed Oct 18, 2006 9:43 am

Quoting Jetjack74 (Reply 1):
YOU BREAK IT, YOU BOUGHT IN DUMBASS.

I thought he already owned it.

Even if he knocks 50% of the selling price, (and he won't), he'll still make $21.1M in profit. Hardly a dumbass.

As a terrible clutz myself, I feel for the guy.

G
 
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jetjack74
Posts: 6606
Joined: Sun Jul 27, 2003 6:35 am

RE: Casino Mogul Rips $140mln Painting

Wed Oct 18, 2006 9:47 am

Quoting Canuckpaxguy (Reply 2):
I thought he already owned it.

He's self owned now.
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stlgph
Posts: 9176
Joined: Tue Oct 12, 2004 4:19 pm

RE: Casino Mogul Rips $140mln Painting

Wed Oct 18, 2006 10:12 am

Quoting Jetjack74 (Reply 3):
He's self owned now.

um..............and you make sense how?
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bill142
Posts: 7861
Joined: Wed Aug 04, 2004 1:50 pm

RE: Casino Mogul Rips $140mln Painting

Wed Oct 18, 2006 10:39 am

Quoting STLGph (Reply 4):
um..............and you make sense how?

have you ever read teds signature?
 
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fxramper
Posts: 5837
Joined: Sun Dec 04, 2005 12:03 pm

RE: Casino Mogul Rips $140mln Painting

Wed Oct 18, 2006 11:38 am

Wynns new hotel sucks. Shoulda stayed with the Bellagio.

Tool.   

[Edited 2006-10-18 04:39:10]
 
FlyingTexan
Posts: 2998
Joined: Tue Jan 07, 2003 8:30 am

RE: Casino Mogul Rips $140mln Painting

Wed Oct 18, 2006 1:39 pm

time for Steve to tighten up the house's take to pay for this. . .
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