Steve Wynn to Keep Picasso’s Painting

October 18th, 2006 by Maria

Casino owner, Steve Wynn had accidentally punched a hole in the Pablo Picasso’s “Le Reve” (French for “The Dream”) painting with a careless elbow, just one day after selling it for a record $139 million.

Wynn was showing the painting to guests in his office at Wynn Las Vegas when he struck the painting with his right elbow in front of a star-studded group that included Barbara Walters and screenwriters Nora Ephron and Nicholas Pileggi, the Las Vegas Review-Journal reports.

Wynn bought the painting for $48.4 million in 1997. He had earlier agreed to sell the painting to art collector Steven Cohen for $139 million. But now, Wynn will have to repair the painting and keep it.

Steve Wynn to Keep Picasso He Damaged.

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