Another Picasso owned by Steve Wynn damaged

In the United States has damaged a painting by Picasso for $ 70 million

"After consultation with the consignor today, the painting has been withdrawn from Christie's sale to allow the restoration process to begin", the NY auction house said in a terse statement.

'After consultation with the consignor today, the painting has been withdrawn from Christie's May 15 sale to allow the restoration process to begin.' Christie's said.

Last Tuesday, Christie's sold Pablo Picasso's 1905 "Fillette a la corbeille fleurie" ("Young Girl With a Flower Basket") for $115 million, making it the Spanish master's second most expensive work ever sold at auction. Before the incident, the painting was auctioned at Christie's for $ 70 million. It is reported that the painting was damaged on Friday, may 11, circumstances of the incident were not disclosed.

Bloomberg reports Wynn has since made a decision to pull another Picasso painting, 1964's "Femme au chat assise dans un fauteuil" (woman with a cat), from the auction.

Because of the restoration value of the painting crashed to 50 million.

"Christie's has a very high standard of care for the objects entrusted to us and we have taken immediate measures to remedy the matter in partnership with our client".

Neither would it be Wynn's first Picasso to come a cropper. "No further information is available at this time".

Christie's says its consignment contracts "have insurance provisions to cover damage and other contingencies".

Wynn is said to suffer from a disease that affects his peripheral vision, according to the outlet. It comes a decade after Wynn accidentally put his elbow through another Picasso, "Le Reve", while showing it in his Las Vegas workplace. It was worth $139 million, before the damage, however Wynn eventually managed to sell it for a record-sum of $155 million to hedge fund manager Steve Cohen in 2013.

Related News:

  • David Tepper finalizes Panthers purchase

    David Tepper finalizes Panthers purchase

    It was reported on May 11 that Tepper was the favorite in the bidding process over SC financier Ben Navarro. For the first 59 years of his life, David Tepper was rarely too far from his native Pittsburgh.
    Superman actress Margot Kidder aka Lois Lane dies at 69

    Superman actress Margot Kidder aka Lois Lane dies at 69

    Funeral arrangements are pending, according to Franzen-Davis Funeral Home and Crematory in Livingston, Montana. Stars are taking to social media to pay tribute to Superman actress Margot Kidder , who has died aged 69.
    Drug targets host in bid to cure the common cold

    Drug targets host in bid to cure the common cold

    The researchers showed that the new molecule completely blocked several strains of the virus without affecting human cells. All strains of the common cold virus use this technique, so inhibiting NMT would scupper all strains of common cold virus.
  • Michael Carrick picks up Man Utd coaching reins for FA Cup final

    Michael Carrick picks up Man Utd coaching reins for FA Cup final

    Mourinho said: "I have to make the decisions but of course my assistants have an opinion". It is an unbelievable opportunity. "I thought this kid can not go home without an award".
    Kaspersky to move to Switzerland following latest government ban

    Kaspersky to move to Switzerland following latest government ban

    For its part, the Russian antivirus vendor is doing all it can to keep its name clean. Kaspersky Lab is moving core infrastructure from Russian Federation to Switzerland.
    Lars shocks them at Cannes

    Lars shocks them at Cannes

    The film is a full-blown slasher and boasts a cast that includes Matt Dillon , Uma Thurman , Bruno Ganz , and Riley Keough . IFC Films is releasing The House That Jack Built for the US , but no release date has been announced at this time.
  • Divinity Original Sin 2 Will Launch On the Xbox One Soon

    Divinity Original Sin 2 Will Launch On the Xbox One Soon

    The creative also said that this final edition of the game will come loaded with new features and adjustments. Those who haven't tried the game and have PC gaming rigs can check it out via Steam and Amazon right now.
    Nokia X6 Price, Specifications, Renders Leaked by Chinese Retailer before Launch

    Nokia X6 Price, Specifications, Renders Leaked by Chinese Retailer before Launch

    The Nokia X6 will be HMD Global's second mid-range Android smartphone to be launched in China before other markets. As per a GSMArena report , the price of the new Nokia X6 has been leaked on the Chinese microblogging site Weibo .
    Best potential for rain and storm chances is today, could use it!

    Best potential for rain and storm chances is today, could use it!

    Temperatures soar today into the low 90s in many spots and we need to watch again for severe weather risks this evening. This isn't a totally classic severe weather day, but it is a day when there could be strong to severe thunderstorms.
  • Winklevoss' Gemini to Add zCash, Litecoin

    Winklevoss' Gemini to Add zCash, Litecoin

    Zcash (CURRENCY: ZEC ) traded 18% higher against the USA dollar during the one day period ending at 18:00 PM ET on April 29th. Bitcoin Gold (BTG) traded 0.6% lower against the dollar and now trades at $59.17 or 0.00675280 BTC .
    Aston Martin DB11 AMR 2018 pricing and specs confirmed

    Aston Martin DB11 AMR 2018 pricing and specs confirmed

    The dark theme continues inside, with monotone leather and alcantara upholstery and a contrasting central lime stripe. Buyers looking to dress up the body should check out the limited-edition AMR Signature Edition (above).
    Nick Read to succeed Vittorio Colao as Vodafone Group CEO

    Nick Read to succeed Vittorio Colao as Vodafone Group CEO

    Vodafone said it was close to gaining regulatory approval for the planned merger of its Indian operations with Idea Cellular. Operating profit was up 15.4 per cent to £3.7 billion (€4.3bn) on last year's figure.


Most liked

Elon Musk: Tesla Autopilot system 'prevented severe injury' in 60mph crash
The 18 year-old driver slammed into a concrete wall, and the vehicle burst into flames, trapping the occupants inside. The National Transportation Safety Board has already launched probes of the California and Florida crashes.

First Muslim superhero Ms Marvel is 'on the way'
Kevin also previously revealed details of the Captain Marvel movie , which stars Brie Larson and Samuel L. The " Captain Marvel " movie, which will hit the cinemas in March next year, is set in the 1990s.

Watch the Honor 10 global launch event livestream here
It also gets a 24-megapixel selfie shooter and expect Honor to talk about new AI capabilities baked into the system UI. All that said, this will be the second smartphone under Honor's 7 family after the success of the Honor 7X past year .

Karnataka Assembly Election Result 2018: How will BJP's BS Yeddyurappa fare?
The Karnataka Assembly has 224 seats and a party or an alliance needs 113-seats to stake a claim to form the government. It predicts 82 to 94 seats for Congress, while JD (S) and others will get 18-31 seats and 1 to 8 seats respectively.

Magic hope to find luck in 2018 NBA Draft Lottery
Inasmuch as you believe in lucky totems, they probably can only do much good if they're present for the actual event in quetion. The Magic is listed with an 8.8 percent chance of landing the No. 1 pick and a 29.1 percent chance of getting a top three pick.

'The clock is ticking', European Union tells Brexit Britain
Quest says Britain can't have an open Northern Irish border without allowing freedom of movement. Brexit talks have made "little" progress since March, the EU's chief negotiator has said.

Kristen Stewart makes a political statement, ditches heels on Cannes red carpet
Telling reporters back in 2017 that found the rules outdated Stewart has been vocal about dressing the way she pleases. However she did confess that while she loves the festival itself, she does not support its red-carpet policy.

NBC To Debut 3 New Shows In September, 8 For The Season
Deadline reports that it saw a bump in delayed viewing over the following week , though, and tended to top other Fox comedies. We were trying to create a more cohesive program, and scheduling Brooklyn would prevent us from promoting something new .

Will Smith Details How He Became the 'Fresh Prince of Bel-Air'
It was there that he met music manager Benny Medina, who told him about a television pilot that he working on with Quincy Jones. This time around, Smith tells the story of how he redeemed his career by taking a chance on himself as an actor.

UCLA Scientists Transfer Memories Between Sea Slugs
He found the recipient sea snails became sensitised, suggesting the "memory" of the electrical shocks had been transplanted. This research could lead to new ways to lessen the trauma of painful memories with RNA and to restore lost memories.

"Last Man Standing" Moving to Fox Network
The network renewed eight dramas, including " Lethal Weapon ", which is being revamped with a new co-star in Seann William Scott. NBC was admittedly "treading water" in the winter between editions of "The Voice", during the last few years, Greenblatt said.

MoD confirms clashes continue in the outskirts of Farah city
Local reporters said the city was empty and shops, schools and government offices are closed as people hid inside their houses. But the defence ministry said the army had repulsed the attack and that "security forces are now chasing the enemy".

Little boy pees during mom's marriage proposal
However, just as Kevin gets down on one knee, nature calls and Owen pulls down his trousers and take a pee. It wasn't until after the proposal that the couple realizes what the boy had been up to. "Oh my God.

U.S. diplomat involved in accident allowed to leave Pakistan
Last week, the Islamabad High Court had ruled that the United States diplomat did not have "absolute immunity". On April 7, Colonel Joseph ran a red light and rammed into a motorcycle killing a Pakistani civilian .

North Korean delegation visits China
They were joined by Kim Dong Chul, an American who had been held in North Korea against his will for over 2 ½ years. The site lies just across the border in North Korea but was closed in 2016 after a nuclear test and rocket launch.