2.6 Billion Dollar Man Has 140 Million Dollar Moment
Wednesday October 18, 2006
About Guide to Hotels, Charlyn Chisholm, reports that casino and hotel tycoon Steve Wynn might want to tone down his hand gestures a bit in the future when he's displaying his art collection to friends, after an enthusiastic Wynn rammed his elbow through Pablo Picasso's Le Rêve (1932). It should be noted that Mr. Wynn suffers from retinitis pigmentosa, a progressive disorder that has left him with very limited peripheral vision. He is also enthusiastic about raising funds to combat this genetic condition, and is said to have told the stunned guests who witnessed the misplaced elbow that he was happy he'd caused the damage, rather than one of them. (Now, that's a first-rate example of 'grace under pressure.')
Wynn had just sold the canvas for an alleged $140 million (US), though now of course the sale is a no-starter as Le Rêve will be going through an extensive, expensive repair process. But wait! The back story gets even more titillating. If the sale had taken place, Wynn (currently #107 on the Forbes 400 Richest Americans list) would have sold - at $140 million - the Most Expensive Painting Ever. This would've represented something of a coup, topping Ronald Lauder's (#103 on the Forbes list) June 2006 purchase of Gustav Klimt's Adele Bloch-Bauer I (1907) for a reported $135 million. Did you catch all that? Personally, the thought of all those zeros made me feel a little disoriented. But the gist of the matter is that the Klimt portrait has now twice trumped a Picasso (once at auction and once by default) to reign as Most Expensive champion. Picasso would be most displeased.
Wynn had just sold the canvas for an alleged $140 million (US), though now of course the sale is a no-starter as Le Rêve will be going through an extensive, expensive repair process. But wait! The back story gets even more titillating. If the sale had taken place, Wynn (currently #107 on the Forbes 400 Richest Americans list) would have sold - at $140 million - the Most Expensive Painting Ever. This would've represented something of a coup, topping Ronald Lauder's (#103 on the Forbes list) June 2006 purchase of Gustav Klimt's Adele Bloch-Bauer I (1907) for a reported $135 million. Did you catch all that? Personally, the thought of all those zeros made me feel a little disoriented. But the gist of the matter is that the Klimt portrait has now twice trumped a Picasso (once at auction and once by default) to reign as Most Expensive champion. Picasso would be most displeased.


Comments
Dear Shelley,
Thank you for pointing out that Steve Wynn is helping the cause for a cure for retinitis pigmentosa. Mr. Wynn is a first-rate humanitarian as well as an art collector with a keen sense for Modern painting. Somebody who values his precious eyesight must see things a bit differently that those who take that sense for granted. No wonder why he was most gracious to his guests when the accident happened.
–Stan
To have been a fly on that canvas when elbows went flying. The rip heard around the world. I feel bad when I accidently break a cup. A beautiful painting made even more famous. After the repairs are done, I guess ‘La Reve’ will be under glass.