Wednesday, January 10, 2007

Old but good: The $40 million elbow


Steve Wynn bought the Picasso painting Le Rêve for $48 million in 1997. In October 2006 he finalized a deal to sell it for $139 million. The day after he finalized the deal he had some friends over at his office at the Wynn hotel in Las Vegas to have a look at the painting before it gets shipped to its new owner.

The guests came at five-thirty, and Wynn ushered them in. On the wall to his left and right were several paintings, including a Matisse, a Renoir, and “Le Rêve.” The other three walls were glass, looking out onto an enclosed garden. He began to tell the story of the Picasso’s provenance. As he talked, he had his back to the picture. He was wearing jeans and a golf shirt. Wynn suffers from an eye disease, retinitis pigmentosa, which affects his peripheral vision and therefore, occasionally, his interaction with proximate objects, and, without realizing it, he backed up a step or two as he talked. “So then I made a gesture with my right hand,” Wynn said, “and my right elbow hit the picture. It punctured the picture.” There was a distinct ripping sound. Wynn turned around and saw, on Marie-Thérèse Walter’s left forearm, in the lower-right quadrant of the painting, “a slight puncture, a two-inch tear. We all just stopped. I said, ‘I can’t believe I just did that. Oh, shit. Oh, man.’”

Wynn turned around again. He put his pinkie in the hole and observed that a flap of canvas had been pushed back. He told his guests, “Well, I’m glad I did it and not you.” He said that he’d have to call Cohen and William Acquavella, his dealer in New York, to tell them that the deal was off. Then he resumed talking about his paintings, almost, but not quite, as though he hadn’t just delivered what one of the guests would later call, in an impromptu stab at actuarial math, a “forty-million-dollar elbow.” (Link)

Also: A first person account from Nora Ephron.

3 comments:

Viora care said...

Such replica watches uk might possibly be the ticker from new development not to mention clarity. Today, completely different concepts, graceful artistry, superior not to mention terrific omega replica sale functioning are actually guaranteed concerning virtually all good quality cartier replica. Most certainly, Omega seems to have men looks after with the help of evolved stricken styles and designs of which augment his or her's adorableness should sawing it again. Many architecture men looks after with the help of strong presence not to mention form. Obtain, omega replica are actually proper looks after like they reveal the most suitable not to mention distinct timings. Typically the improvement might be quite possibly typically the hublot replica of this labeled looks after of which empty your pockets huge amount of money.

郑佳颖 said...

prada sunglasses
cheap basketball shoes
lebron 13 low
fitflops
ultra boost
cheap jordans
pandora bracelet
nike kyrie 3
jordan retro
kobe 9

raybanoutlet001 said...

polo ralph lauren
hugo boss suits
ugg boots
ugg outlet
ray ban sunglasses
michael kors purses
adidas nmd
michael kors outlet online
hermes belts
ugg outlet