Money Pablo Picasso painting worth $70 million damaged before auction

05:35  15 may  2018
05:35  15 may  2018 Source:   nydailynews.com

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Oh no, Picasso ! Pablo Picasso 's "Le Marin (The Sailor)" has been pulled from auction days after suffering damage The painting , presently owned by casino

A Pablo Picasso painting expected to fetch $ 70 million at auction , was "accidentally" damaged on Friday, according to a statement from auction house Christie's.

“Le Marin (The Sailor)” was damaged days before it was supposed to be sold at an auction.© PHILIP FONG/AFP/Getty Images “Le Marin (The Sailor)” was damaged days before it was supposed to be sold at an auction. A Pablo Picasso painting valued at a whopping $70 million was accidentally damaged days before it was supposed to be sold at an auction.

Christie's auction house was forced to remove Picasso's 1943 work of art "Le Marin (The Sailor)" from this week's event after the painting sustained unspecified damage during its final preparations Friday.

The painting is owned by casino mogul Steve Wynn, who inadvertently damaged another one of his Picasso pieces over a decade ago.

"Two outside conservators have now been consulted and have made recommendations for the successful restoration of the painting," Christie's said in a statement. "After consultation with the consignor today, the painting has been withdrawn from Christie's May 15 sale to allow the restoration process to begin."

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You are using an older browser version. Please use a supported version for the best MSN experience. Pablo Picasso painting worth $ 70 million A Pablo Picasso painting valued at a whopping $ 70 million was accidentally damaged days before it was supposed to be sold at an auction .

Steve Wynn was set to auction the painting before it was damaged Friday. The New York auction house announced on Sunday that someone had "accidentally damaged " a painting by Pablo Picasso as final preparations were being made for an exhibition of the work set to be sold on May 15.

The high-priced painting features a dark-haired man in a blue-and-white-striped shirt that Christie's describes as "instantly reminiscent of the artist" and can therefore be interpreted as an "intriguing, multi-layered and rare proxy self-portrait of Picasso himself."

The work of art has been sold multiple times, including in a sale by Christie's in 1997 that went for $8.8 million, according to ABC News. The painting was later purchased by Wynn for an undisclosed amount.

The incident this week occurred 12 years after Wynn accidentally put a hole in Picasso's 1932 oil painting "Le Reve" with his elbow, according to a 2006 report by Buzzfeed.

After it was repaired, Cohen managed to sell that painting for $155 million seven years later.

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