Steve Wynn, a billionaire art collector, suffered a setback when trying to auction a Pablo Picasso painting.
Wynn planned to sell “Le Marin,” a work painted by Picasso in 1943, at an auction at Christie’s on May 15, but it was “accidentally damaged” at a pre-sale exhibition just days before the event.
“Pablo Picasso’s Le Marin (The Sailor) was accidentally damaged Friday during the final stages of preparation for Christie’s May 12-15 exhibition,” Christie’s said in a statement.
“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 After consultation with the consignor today, the painting has been withdrawn from Christie’s May 15 sale to allow the restoration process to begin. Christie’s has a very high standard of care for the objects entrusted to us and we have taken immediate measures to remedy the matter in partnership with our client,” the statement continued.
Check out the video for a discussion of “Le Marin” and the recent situation surrounding its sale.