Sunday, May 2, 2010

"Optimism has returned...

...to the multibillion-dollar art market." So says the first sentence in an article in the Arts section of today's Times, "The Blue-Chip Period." The piece continues (my emphasis):

Expectations are so high that many will be disappointed if Picasso’s 1932 painting “Nu au Plateau de Sculpteur (Nude, Green Leaves and Bust)” doesn’t break the record for a work of art sold at auction when it is offered at Christie’s on Tuesday.

That sale will kick off two weeks of important spring auctions, and bets are that this seminal painting of Picasso’s mistress Marie-Thérèse Walter is poised to eclipse the $104.3 million paid for the current record holder, Giacometti’s “Walking Man I.”
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“Nu au Plateau” was also painted in the same year as “Le Rêve (The Dream),” that now-famous Picasso owned by the casino ownerStephen A. Wynn. In 2006 Mr. Wynn had agreed to sell “Le Rêve” to the billionaire Steven A. Cohen for $135 million, until Mr. Wynn accidentally put his elbow through the painting. Mr. Cohen backed out, and the painting has since been repaired.

Put his elbow through the painting? How do you suppose that happened? Was he roughhousing with his brothers or something?

And to think, I used to get yelled at for breaking a window every now and then.

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