{"id":77612,"date":"2018-05-14T12:30:39","date_gmt":"2018-05-14T19:30:39","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=77612"},"modified":"2018-05-14T14:29:50","modified_gmt":"2018-05-14T21:29:50","slug":"not-again-another-steve-wynn-picasso-damaged-pulled-from-auction","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/","title":{"rendered":"Not Again! Another Steve Wynn Picasso Damaged, Pulled from Auction"},"content":{"rendered":"

Has Steve Wynn inadvertently smashed another<\/em> Picasso? The fallen casino tycoon has put his planned auction of the Modernist master\u2019s Le Marin<\/em> on hold after it was damaged on Friday, 12 years after Wynn put his elbow through another Picasso masterpiece, Le<\/em> R\u00eave <\/em>(The Dream).<\/p>\n

\"Steve
Picasso\u2019s Le Marin was expected to fetch $70 million at auction at Christies on Tuesday but it appears to have been damaged. The auction house declined to comment on whether Steve Wynn\u2019s elbow was involved this time. (Image: Don Emmert\/AFP)<\/figcaption><\/figure>\n

Le Marin<\/em> (The Sailor) is one of $150 million-worth of paintings<\/a> Wynn hoped to auction at Christies this month, along with the Spanish painter\u2019s 1964 portrait Femme au Chat Assise dans un Fauteuil <\/em>(Woman with a Cat Sitting in an Armchair) and Andy Warhol\u2019s Double Elvis [Ferus Type], <\/em>a silkscreen portrait of Elvis Presley dressed as a cowboy drawing a six-shooter.<\/p>\n

But Le Marin <\/em>was to be the biggest draw and was expected to fetch the biggest price — experts valued it at $70 million. But Christies announced over the weekend it would be withdrawn from Tuesday\u2019s auction to undergo restoration.<\/p>\n

The auction house declined to comment on the cause or extent of the damage when contacted by Bloomberg on Sunday.<\/p>\n

Steve Wynn Picasso Habit Becoming Expensive<\/strong><\/h2>\n

Wynn, who has in the past exhibited his extensive fine art collection at Wynn Resorts’ casinos, damaged Le<\/em> R\u00eave <\/em>back in 2006, just before he was about to sell it to hedge fund manager Stephen A. Cohen for $139 million.<\/p>\n

\n

At the time, it would have been the highest price ever paid for a work of art, but the former casino mogul put his right elbow through the canvas while showing it off to friends in his office, creating a small hole. Wynn suffers from the degenerative\u00a0eye\u00a0disease, retinitis pigmentosa, which impacts his peripheral vision, and is registered blind.<\/p>\n<\/div>\n

After $90,000-worth of restoration work, Le<\/em> R\u00eave <\/em>was revalued at $85 million and Wynn sued his insurance company for the difference. He eventually sold the painting to Cohen in 2013, for $155 million.<\/p>\n

Artworks Tied to Wynn Shares? \u00a0<\/strong>\u00a0<\/strong><\/h2>\n

It has been speculated that Wynn needs to sell the artworks because they are tied in some way to his equity in Wynn Resorts. He resigned from his roles as chairman and CEO of the company earlier this year and sold all his stock for $2.1 billion.<\/a><\/p>\n

In January, a Wall Street Journal<\/em> article accused him of engaging in a \u201cdecades-long pattern of sexual misconduct\u201d against female employees.<\/p>\n

His status as the company\u2019s majority shareholder became untenable as the allegation sparked investigations by regulators in several jurisdictions, potentially threatening its gaming licenses.<\/p>\n

Wynn denies all allegations against him.<\/p>\n","protected":false},"excerpt":{"rendered":"

Has Steve Wynn inadvertently smashed another Picasso? The fallen casino tycoon has put his planned auction of the Modernist master\u2019s Le Marin on hold after it was damaged on Friday, 12 years after Wynn put his elbow through another Picasso masterpiece, Le R\u00eave (The Dream). Le Marin (The Sailor) is one of $150 million-worth of […]<\/p>\n","protected":false},"author":36,"featured_media":77614,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,18],"tags":[],"acf":[],"yoast_head":"\nNot Again! Another Steve Wynn Picasso Damaged, Pulled from Auction<\/title>\n<meta name=\"description\" content=\"Steve Wynn Picasso \u201cLe Marin\u201d has been pulled from auction at Christies after reportedly becoming damaged. Twelve years ago, Wynn accidentally damaged \u201cLe Reve,\u201d while showing it off to friends just before a sale.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Not Again! Another Steve Wynn Picasso Damaged, Pulled from Auction\" \/>\n<meta property=\"og:description\" content=\"Steve Wynn Picasso \u201cLe Marin\u201d has been pulled from auction at Christies after reportedly becoming damaged. Twelve years ago, Wynn accidentally damaged \u201cLe Reve,\u201d while showing it off to friends just before a sale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-14T19:30:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-05-14T21:29:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/le-marin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/\",\"url\":\"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/\",\"name\":\"Not Again! Another Steve Wynn Picasso Damaged, Pulled from Auction\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/le-marin.jpg\",\"datePublished\":\"2018-05-14T19:30:39+00:00\",\"dateModified\":\"2018-05-14T21:29:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Steve Wynn Picasso \u201cLe Marin\u201d has been pulled from auction at Christies after reportedly becoming damaged. Twelve years ago, Wynn accidentally damaged \u201cLe Reve,\u201d while showing it off to friends just before a sale.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/le-marin.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/le-marin.jpg\",\"width\":1200,\"height\":675,\"caption\":\"Picasso\u2019s Le Marin was expected to fetch $70 million at auction at Christies on Tuesday but it appears to have become damaged. The auction declined to comment on whether Steve Wynn\u2019s elbow was involved this time. (Image: Don Emmert\/AFP)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Live Casinos\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/live-casinos\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Not Again! Another Steve Wynn Picasso Damaged, Pulled from Auction\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\",\"name\":\"Philip Conneller\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"caption\":\"Philip Conneller\"},\"description\":\"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/philip-conneller\",\"https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk\",\"https:\/\/x.com\/casinoorgphilc\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Not Again! Another Steve Wynn Picasso Damaged, Pulled from Auction","description":"Steve Wynn Picasso \u201cLe Marin\u201d has been pulled from auction at Christies after reportedly becoming damaged. Twelve years ago, Wynn accidentally damaged \u201cLe Reve,\u201d while showing it off to friends just before a sale.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Not Again! Another Steve Wynn Picasso Damaged, Pulled from Auction","og_description":"Steve Wynn Picasso \u201cLe Marin\u201d has been pulled from auction at Christies after reportedly becoming damaged. Twelve years ago, Wynn accidentally damaged \u201cLe Reve,\u201d while showing it off to friends just before a sale.","og_url":"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2018-05-14T19:30:39+00:00","article_modified_time":"2018-05-14T21:29:50+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/le-marin.jpg","type":"image\/jpeg"}],"author":"Philip Conneller","twitter_card":"summary_large_image","twitter_creator":"@casinoorgphilc","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Philip Conneller","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/","url":"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/","name":"Not Again! Another Steve Wynn Picasso Damaged, Pulled from Auction","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/le-marin.jpg","datePublished":"2018-05-14T19:30:39+00:00","dateModified":"2018-05-14T21:29:50+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b"},"description":"Steve Wynn Picasso \u201cLe Marin\u201d has been pulled from auction at Christies after reportedly becoming damaged. Twelve years ago, Wynn accidentally damaged \u201cLe Reve,\u201d while showing it off to friends just before a sale.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/le-marin.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/le-marin.jpg","width":1200,"height":675,"caption":"Picasso\u2019s Le Marin was expected to fetch $70 million at auction at Christies on Tuesday but it appears to have become damaged. The auction declined to comment on whether Steve Wynn\u2019s elbow was involved this time. (Image: Don Emmert\/AFP)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/not-again-another-steve-wynn-picasso-damaged-pulled-from-auction\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Live Casinos","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/live-casinos\/"},{"@type":"ListItem","position":4,"name":"Not Again! Another Steve Wynn Picasso Damaged, Pulled from Auction"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b","name":"Philip Conneller","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","caption":"Philip Conneller"},"description":"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.","sameAs":["https:\/\/muckrack.com\/philip-conneller","https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk","https:\/\/x.com\/casinoorgphilc"],"url":"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/77612"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=77612"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/77612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/77614"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=77612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=77612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=77612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}