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A Steve Wynn Picasso painting worth millions, again damaged



Steve Wynn has no luck with Picasso's

For the second time in twelve years, a work by the artist under the owner of the billionaire has suffered damage. Christie's auction house pulled back "Le Marin," one of Picasso's self-portraits, on Tuesday after the $ 70 million painting was damaged on Friday. The painting was one of three copies owned by Wynn, which was to be auctioned off this week by Christie's. Total sales for the three were estimated at $ 135 million.

In 2006, Wynn elbowed through "Le Rêve," another Picasso he owned while showing him to friends. "Le Rêve", a portrait of Picasso's lover Marie-Thérèse Walter, should also be sold within a few days. In fact, at the time of the damage, a $ 1

39 million deal had already been signed with Steve Cohen, the hedge fund manager and art collector. One restorer said the painting was worth only $ 85 million once it was repaired, but that did not prevent Steve Cohen from buying it for $ 155 million more than six years later, surpassing his original offer by $ 16 million ,

Wynn suffers from a disease that affects his peripheral vision, which may have played a role in the incident with "Le Rêve". In February, Wynn had to resign because of sexual harassment from the company founded by him Wynn Resorts.

The nature and extent of the damage to "Le Marin" remains unclear.


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