Saturday, 20 October, 2018

Picasso self-portrait valued at $70M damaged shortly before art auction begins

Bloomberg в США повредили автопортрет Пикассо стоимостью $70 млн Picasso self-portrait valued at $70M damaged shortly before art auction begins
Russell Knight | 15 May, 2018, 16:47

Pricey mistake: A Picasso worth an estimated $70 million had to be yanked from an auction at Christie's this week because it sustained damage as workers were preparing it.

But the painting was pulled shortly before it was due to go under the hammer, with the auction house announcing the artwork was "accidentally damaged Friday during the final stages of preparation" and that it would now require restoration.

Shortly after the incident, the other Picasso work was also reportedly withdrawn by mutual agreement and both works of art are still in the possession of casino magnate Steve Wynn, Bloomberg reported.

Two outside conservators have now been brought in to make recommendations for the successful restoration of the "Le Marin".

Tyronn Lue 'Weighing' Starting Tristan Thompson in Game 2
Cleveland's 26-point halftime deficit was the largest in James' 229-game postseason career. We weren't able to get there. "The more effective we are, the more it opens up for him".

PM Modi to visit Russian Federation next week for informal summit with Putin
Modi is also said to meet Putin at the Shanghai Cooperation Organisation summit held in Qingdao in the month of June. President Putin is expected to come to India in the second half of the year for the annual India-Russia summit.

Nokia X6 specs, price leaked: Notch display, Snapdragon 636 and more
Xiaomi teased on its social media handle that the company is launching an all-new smartphone in India which will focus on selfies. The Redmi Note 5 Replica? The screen is 5.8” in diagonal with Full HD+ resolution and a notch, leading to the trendy 19:9 ratio.

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. In 1997, Christie's auctioned "Le Marin" off for $8.8 million and then Wynn purchased the oil on canvas painting in a private deal. "We have taken immediate measures to remedy the matter in partnership with our client".

It's not the first time a Picasso owned by the mogul has been damaged. In 2006 the billionaire put his elbow through Picasso's 1932 "Le Reve" whilst showing it to guests in Las Vegas. In fact, a $139 million deal had already been signed with Steve Cohen, the hedge-fund manager and art collector, at the time the damage occurred.

Wynn suffers from a disease that affects his peripheral vision, which may have played a role in the incident with "Le Rêve".

Wynn resigned as chief executive officer of Wynn Resorts Ltd.in February and stepped down as finance chairman of the Republican National Committee amid allegations of sexual misconduct.

Recommended

European Union warns Brexit Britain: 'The clock is ticking' European Union  warns Brexit Britain: 'The clock is ticking' The EU has said London must come up with a solution for the Irish border and highlights that has not happened. Mrs May's spokesman said London was working on two options for post-Brexit customs cooperation.

School board approves union contracts including those for teachers School board approves union contracts including those for teachers Meanwhile, in NY , school districts will be holding their annual budget votes and school board elections on the same day. The district has to go to a contingency budget if voters reject a proposed budget a second time.

Could Priyanka Chopra be the next superhero Ms Marvel? Could Priyanka Chopra be the next superhero Ms Marvel? The project will reportedly be considered after the release of Brie Larson's Captain Marvel and untitled Avengers 4 in 2019. According to Avengers Infinity War Producer, Kevin Feige one of those characters is Kamala Khan also known as 'Ms Marvel '.

BJP surges in Karnataka, Congress stunned BJP surges in Karnataka, Congress stunned What happens next depends entirely on the governor of the state, Vajubhai Vala, who was appointed by the centre four years ago. Dewe Gowda, which has been expected to play the role of a kingmaker in the event of a hung Assembly, was leading in 43 seats.

Jared Kushner is Finalizing President Trump's Mid-East Peace Plan Vanity Fair writer Vicky Ward is working on a book about Jared Kushner and Ivanka Trump , and they aren't going to like it. According to the Jewish Press , after Yosef's speech , Ivanka Trump and Kushner approached him and asked for his blessing.

Police arrest four for stealing allegedly electoral materials — APC Imo Crisis Police arrest four for stealing allegedly electoral materials — APC Imo Crisis He said this just as the panel saddled with the responsibility of conducting the congresses in Delta State submitted its report to the party.

Tim Cook Urges Grads to 'Think Different' During Duke University Commencement Speech Tim Cook Urges Grads to 'Think Different' During Duke University Commencement Speech Apple is not ideal , by any stretch of the imagination, and the company certainly has other issues to contend with as well. As for how he would handle such a privacy concern, Cook has said that such a scenario isn't possible for his company.

Lois Lane Actress Margot Kidder Has Passed Away At Age 69 Lois Lane Actress Margot Kidder Has Passed Away At Age 69 She was arrested at the White House in 2011 during a protest against the construction of an oil pipeline from Alberta to Texas. Actor Christopher Reeve, as Superman , and Margot Kidder , as Lois Lane, appear in a scene from the 1978 movie " Superman ".

Scott Arfield's Burnley exit confirmed Scott Arfield's Burnley exit confirmed Arfield's excitement intensified when he discovered Steven Gerrard was going to be his new manager. Rangers are expected to add several new players this summer, with Arfield the first of many.

Kristen Stewart Climbs Cannes Red Carpet Stairs Barefoot Kristen Stewart Climbs Cannes Red Carpet Stairs Barefoot Taking them off before heading up the stairs at Palais des Festivals she provided the event with a moment of reality amidst the festival's fantasy.

Senators Query AT&T CEO on Michael Cohen Payments, White House Contacts Senators Query AT&T CEO on Michael Cohen Payments, White House Contacts They pulled out of the Iran deal, which may turn out to be catastrophic. Although AT&T's statements were meant to distance itself from Mr.

Pope Francis' RWD Lamborghini Huracan Auctioned for $861575 Pope Francis' RWD Lamborghini Huracan Auctioned for $861575 It was donated to His Holiness Pope Francis in a similar fashion to the Ferrari Enzo his predecessor received many years ago. Buy or sell your exotic auto at duPontREGISTRY.com and check back with Autofluence.com for more supercar news.

Carrick makes immediate switch to coaching role at Man Utd Carrick makes immediate switch to coaching role at Man Utd I've been at this club, and it is such a great club, so I obviously know the club and the manager. I have nobody in the world of football ready to be assistant manager.

Chelsea's top-four hopes die with a whimper in capitulation at Newcastle Chelsea's top-four hopes die with a whimper in capitulation at Newcastle I reiterate that Chelsea's team is good on paper, but they will need to innovate for next season in order to remain competitive. Antonio Conte is nearly out the door after a wildly inconsistent season following his maiden-term Premier League title win.

The Blacklist season 6, Brooklyn Nine-Nine saved until midseason The Blacklist season 6, Brooklyn Nine-Nine saved until midseason Actress Shannon Purser, who plays Annabelle Bowman on " Rise ", tweeted the news of the show's cancellation. Amy Poehler is one of the behind-the-scenes figures on the Thursday night show.