Art

Casino giant sues over damaged Picasso the Dream

Picasso the Dream oil paintingSteven Wynn is suing the London Insurance Agency, Lloyds on account that they allegedly failed to act properly on his demands to pay him $54 million dollars in lost value for the famous Dream painting.

The Dream oil painting that is owned by Wynn was damaged when Wynn accidentally poked a hole in it with his elbow.

Wynn is seeking to expedite his claim for reimbursement and restoration costs for the 1932 painting. $54 million is the estimated amount the value of the painting dropped due to the accident. A number that many feel is incorrect; the fame of the painting from the last 4 months has been world wide due to the bizarre accident.

Wynn’s representatives told Lloyd’s in November that the painting was worth 139 million dollars the day before Wynn damaged it in his Las Vegas office. They said it was worth just 85 million afterward…

Wynn himself described the damage to the canvas as a thumb-sized flap and said it was “the world’s clumsiest and goofiest thing to do.”

The painting is called “Le Reve,” or “The Dream.” It shows Picasso’s mistress, Marie-Therese Walter, as she is enjoying a very tantalizing moment.

This is one of my favorite paintings; I actually got this as a 24” x 36” oil painting reproduction for my parents three months before the incident! It broke my heart to hear of what happened to the original, I think Steven Wynn should donate any money he gets from this law suit and give it to some art school or some noble cause, after all he did damage a true work of art.

Amitai Sasson

About the Author

Amitai Sasson of overstockArt.com is an art world traveler on a mission to seek out the beauty and passion of the art world. As an avid enthusiast of art and oil paintings, he contributes to ArtCorner.com as Chief editor and writer.