Postcards From The Ledge

Thursday, October 19, 2006

Big Oops: Casino Magnate Pokes Hole in Picasso

Picasso’s famed “Dream” painting turned into a nightmare for Las Vegas casino magnate Steve Wynn when he accidentally gave the multimillion dollar canvas an elbow.

Wynn had just finalized a $139 million sale to another collector of his painting, called “Le Reve” (The Dream), when he poked a finger-sized hole in the artwork while showing it to friends at his Las Vegas office a couple of weeks ago.

Wynn reportedly raised his hand to show the group something about Picasso’s 1932 portrait of his mistress Marie-Therese Walter, when his elbow crashed backward right through the canvas, tearing a black hole the size of a silver dollar smack in the middle of the painting.

According to reports, Wynn has decided to release the buyer from the sale agreement and to repair and keep the painting himself.

Click here for the whole story.

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