Another Picasso owned by Steve Wynn damaged

Another Picasso owned by Steve Wynn damaged

"After consultation with the consignor today, the painting has been withdrawn from Christie's sale to allow the restoration process to begin", the NY auction house said in a terse statement.

'After consultation with the consignor today, the painting has been withdrawn from Christie's May 15 sale to allow the restoration process to begin.'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

  • 'The clock is ticking', European Union  tells Brexit Britain

    '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.
    Newcastle owner Mike Ashley pledges 'every penny generated' to Rafa Benitez

    Newcastle owner Mike Ashley pledges 'every penny generated' to Rafa Benitez

    Asked what damage that will do to last season's title winners he replied: "I think I'm the last person to speak about this". Here are five things we learned from Newcastle's win over Chelsea . "For sure, we can do better".
    Smith set to announce rep retirement, effective immediately

    Smith set to announce rep retirement, effective immediately

    This means Smith won't play in the upcoming Origin series, leaving a hole in the No. 9 jersey for Queensland. He said he would lay on the couch at home exhausted physically and mentally after playing State of Origin.
  • 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.
    Kristen Stewart makes a political statement, ditches heels on Cannes red carpet

    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.
    Pope Francis auctions off his blessed Lamborghini

    Pope Francis auctions off his blessed Lamborghini

    The Pope auctioned off a Harley-Davidson in 2014, which sold for almost US$300,000, according to CNN. At Sotheby's auction in Monaco sold Lamborghini Huracan Coupe RWD Pope for 715 thousand Euro.
  • 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 .
    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.
    U.S.  diplomat involved in accident allowed to leave Pakistan

    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 .
  • Jamestown School Budget Vote, Board Election is Tuesday

    Jamestown School Budget Vote, Board Election is Tuesday

    Mitchell Lemaire, who had been a former board member, was appointed to fill a vacancy left by Kelly Flint in September. In New Rochelle, the budget will need at least 60 percent of voters to approve the spending plan in order to pass.
    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.
    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.


Most liked

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.

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.

Dozens Killed in Gaza as Trump Promises "Lasting Peace"
Jared Kushner and Ivanka Trump have apparently received a blessing in Jerusalem from a rabbi who once compared black people to monkeys .

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).

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".

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 .

Cleveland Cavaliers C Tristan Thompson could start Game 2 vs. Boston Celtics
Much like their seven-game first round series against IN , the answer to their problems will only come from within. If we're able to do that, we'll be able set a tone early.

Sidhu need not go to Jail
In doing so, the apex court set aside the Punjab and Haryana High Court's verdict in the 1988 road rage case . They challenged this in the Supreme Court which stayed the conviction pending the appeal in 2007.

Bihar Board 10th result will not to be declared today
Therefore, this year too, Board had taken some strict rules during the exam by banning the shoes and socks during the exam time. Upon contacting the board, the board officials have maintained that the result will not be released earlier than May 20.

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.

O'Brien hits historic first test century
O'Brien performed similar heroics in Bangalore in 2011 when Ireland found themselves 111 for five in response to England's 327. But wickets tumbled along with their departure, before O'Brien and Stuart Thompson (53) steadied the ship.

Resolution tabled in KP condemning Nawaz's remarks
Following Nawaz's interview, some elements, according to the former premier, have described him as a traitor. One official said: They (India) have indicated they might do that (move the ICJ on Sharifs statement).

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.

Is Torture Immoral or Not? What Say You, Ms. Haspel?
In modern history, the practice was also used by a number of authoritarian regimes to obtain information. According to Haspel, she categorically against the resumption of this program.

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.