Another Wynn Picasso Yanked From Christie's Auction After Mishap

Another Wynn Picasso Yanked From Christie's Auction After Mishap

The painting, called "Le Marlin", was being prepared for an auction at Christie's this week when it was damaged on Friday. According to USA media, it belongs to former casino magnate Steve Wynn.

Neither would it be Mr. Wynn's first Picasso to come a cropper. Another Picasso work Wynn owned, Femme au chat assise dans un fauteuil, was also pulled from sale, as reported by Bloomberg.

A PICASSO self-portrait worth an estimated €60million has been withdrawn from an auction in the USA today after it was "accidentally damaged".

The auction house didn't specify the extent or cause of the damage to Le Marin (The Sailor).

Two outside conservators have now been brought in to make recommendations for the successful restoration of the "Le Marin". In 1997, Christie's auctioned "Le Marin" off for $8.8 million and then Wynn purchased the oil on canvas painting in a private deal. Agreeing to sell the painting for 139 million dollars and showing the painting to friends, he touched the painting with his elbow and made a hole the size of a finger. Its estimated worth is between $25 million and $35 million. But even corrupted "the Dream" Picasso went under the hammer in 2013 for $ 155 million - bought the painting from Wynn American financier Stephen Cohen.

Wynn is said to suffer from a disease that affects his peripheral vision, according to the outlet.

Bloomberg named Wynn - who resigned in February as chairman and CEO of Wynn Resorts after allegations of sexual misconduct - as the unidentified owner of the Picasso.

Related Articles