Art Investment

The work of Picasso from the collection of Donald Marron was sold for $105 million

Famous ex-владелец casino and one of the largest collectors the world, the billionaire, Steve Wynn, as according to The Wall Street Journal, acquired two of the most recognizable works from the collection of Marron — "a Woman in a beret and with a collar" (1937) and "Seated woman (Jacqueline)" (1961) Pablo Picasso. The buy came after just a few days after news that the heirs of the deceased in December 2019 collector chose to sell the collection of modern art valued at $450 million, not at auction, and privately. This transaction was first made known to the public a major purchase of works of art from the collection of Marron. According to the WSJ, their new owners, in addition to works by Picasso, found a few items of this collection, which cost a total of approximately $200 million.

Steve Wynn has a long history of relations with the works of Pablo Picasso. In 2006-м, for example, made headlines around the world news about the failed sale of potentially the most expensive at that time, paintings in the history of — work "Dream", created by Picasso in 1932. The amount of the transaction had to be $139 million, but less than a day to transfer work to a new owner, collector Steve Cohen, Wynn accidentally poked a picture of an elbow. After 7 years, 2013-м, Cohen all-таки bought ill-fated "Dream" at the Wynn, but now for $155 million In 2018, another Picasso from the collection of Wynn — self-portrait entitled Le Marin ("Sailor") — are unable to get at the auction house Christie's. Canvas, then estimated at $70 million, was... damaged in the pre-auction exhibition: it fell off a paint roller on a long handle, leaning against the wall of the hall. After the incident, the auction house has restored the picture, but buyers during the auction it is not found.

Both the work of Picasso from the collection Marron, bought by Steve Wynn, 24 April 2020 can be seen at the great exhibition in new-Йорке organized by the galleries Pace, Gagosian and Acquavella, who will be selling the collection.

Sources: artsy.net, wsj.com


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