achingknees Posted October 17, 2006 Share Posted October 17, 2006 The $40 Million Elbow You might have seen “Le Rêve,” Picasso’s 1932 portrait of his mistress, Marie-Thérèse Walter, in your college art-history textbook. The painting is owned by Steve Wynn, the casino magnate and collector of masterpieces. He acquired it in a private sale in 2001 from an anonymous collector, who had bought it at auction in 1997 for $48.4 million. Recently, Wynn decided that he’d like to sell it, along with several other museum-quality paintings he owns. A friend of his, the hedge-fund mogul and avid collector Steven Cohen, had coveted “Le Rêve” for years, so he and Wynn and their intermediaries worked out a deal. Cohen agreed to pay a hundred and thirty-nine million dollars for it, the highest known price ever paid for a work of art. - read the article to find out what happens Link to comment Share on other sites More sharing options...
stuckincincy Posted October 17, 2006 Share Posted October 17, 2006 Amazing what people affix value to. Jesus cries... Link to comment Share on other sites More sharing options...
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