Famous Picasso Art Work Valued at $139
million "La Reve" Accidentally Punctured by
Imagine owning a famous Picasso art work worth
$139 million and damaging it in front of witnesses. That's
what happened to owner Steve Wynn when he put his elbow
through something for which he paid no small fortune.
Sometimes called "The Dream", this Picasso art
work is a painting of Picasso's young mistress,
21-year-old Marie-Theresa Walter executed 74 years ago.
Wynn's accident left a two inch hole in the famous
Picasso art work. Wynn has a medical problem called
retinitis pigmentosa which interferes with his peripheral
vision which caused his misjudgment. The damage to the
Picasso art work was witnessed by Barbara Walters and
This Picasso art work set a new sale record topping the
previous record by $4 million.
Wynn originally paid $48.4 million in 1997 for the Picasso
art work, but he planned to sell it to another collector, Steve
Cohen, for a healthy profit having just finalized the deal for
a record $139 million, $4 million more than the previous record
set for the sale of a 1907 Gustav Klimt portrait at $135
million. Rather than sell "La Reve" Wynn intends to
keep his famous Picasso art work and have it repaired.
Brenda Harness, Art Historian
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