Steve Wynn's Bad Luck With Picasso Goes On With $70 Million Work


The Picasso self-portrait had been due to be included in Christie's May 15 Impressionist and Modern Art Sale in NY.

ABC News reports the painting was dated October 28, 1943, and was bought in 1952 for $11,000.

Valued at $70 million, Pablo Picasso's Le Marin (The Sailor) was set to go to auction on Tuesday evening at Christie's NY.

Kaspersky Lab to open customer data centre in Switzerland by 2020
The move will see customer data storage and processing and software assembly being moved to Switzerland too. Kaspersky Lab plans to move core components of its infrastructure from Russian shores to Switzerland.

The unnamed client of Christie's had been identified by Bloomberg in April as the casino mogul Steve Wynn, who in February resigned as chairman and chief executive of Wynn Resorts as a result of sexual misconduct allegations.

Earlier, in the United States in broad daylight from a Museum and stole a Picasso worth $50 thousand.

For "Le Marin", Christie's had assured the seller of a minimum price and found a third-party guarantor to bid for the piece at auction. Two outside conservators have now been consulted and have made recommendations for the successful restoration of the painting. "After consultation with the consignor today, the painting has been withdrawn from Christie's May 15 sale to allow the restoration process to begin".

Avengers: Infinity War's Thanos leaves Fortnite tomorrow
Make sure to stay tuned to Twin Galaxies this week, as we will have detailed guides for the hardest of the Week 3 challenges. The one exception is the " Watch a Match Replay " challenge, which encourages players to use the Fortnite Replay System.

Neither would it be Wynn's first Picasso to come a cropper.

Christie's says its consignment contracts "have insurance provisions to cover damage and other contingencies". Wynn was originally due to sell some $150 million of art, including works by Picasso and Andy Warhol. 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. Another Picasso work Wynn owned, Femme au chat assise dans un fauteuil, was also pulled from sale, as reported by Bloomberg. Wynn suffers from a disease that affects his peripheral vision and the hit reportedly caused a six-inch tear.

BAFTA TV Awards Honor 'Peaky Blinders,' 'This Country,' 'Handmaid's Tale'
Netflix was one of the winners at this year's BAFTAs but it failed to pick up the Best Drama category. Casualty took the award for soap or continuing drama.