Wednesday, October 18, 2006

Tycoon holes dream Picasso deal

BBC NEWS

Picasso's The Dream at its auction in 1997. A US casino mogul has pulled out of a deal to sell his Picasso painting for a record $139m (£74m) after accidentally elbowing a hole in the middle. Las Vegas magnate Steve Wynn was showing Le Reve (The Dream) to guests at his office in Las Vegas last month. Mr Wynn, who has retinitis pigmentosa, an eye disease affecting peripheral vision, tore a coin-sized hole. He will now keep the painting, which he bought in 1997 for $48.4m, and repair it, his spokeswoman said.
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