Damaged Picasso Painting Pulled From Auction

Bloomberg в США повредили автопортрет Пикассо стоимостью $70 млн

Bloomberg в США повредили автопортрет Пикассо стоимостью $70 млн

For the second time in twelve years, one of the artist's works has suffered damage under the ownership of the billionaire collector.

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

Picasso biographer John Richardson added that the painting's subject was a girl named Linda who "sold her body as well as her roses outside the Moulin Rouge".

Auction house Christie's withdrew Le Marin, a self-portrait painted in 1943, from its auction so that it could be restored.

"After consultation with the consignor today, the painting has been withdrawn from Christie's May 15 sale to allow the restoration process to begin", Christie's said in a statement, per ABC News. "We have taken immediate measures to remedy the matter in partnership with our client. No further information is available at this time".

Bloomberg reports Wynn is auctioning off three paintings for an estimated value of $135 million. It was formerly in the collection of Victor and Sally Ganz and later bought by Wynn.

The circumstances of the latest incident are unknown. He accidentally ripped a hole in another Picasso, "Le Reve", when he hit it with his elbow in 2006, but had it successfully refurbished and sold it to hedge fund titan Steve Cohen for $155 million in 2013.

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.

In January, Wynn was hit by accusations from dozens of people in The Wall Street Journal alleging decades of sexual misconduct. The billionaire also quit as finance chairman of the Republican National Committee. Lin Wood, a spokesman for Wynn, declined to comment.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.