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It was a nightmare scenario: the most expensive piece of art in the world damaged on the eve of its sale.
LAS VEGAS, NV “Le Rêve” is Pablo Picasso’s 1932 portrait of his mistress Marie-Thérèse Walter. Owned by billionaire casino magnate Steve Wynn, it was in the process of being sold for $139 million to hedge-fund mogul and avid art collector Steven Cohen. Days before the sale was to be finalized, Wynn was showing “Le Rêve” to a group of friends and celebrities. Standing next to the painting, he was describing its provenance and gesturing with his arm when he accidently put his elbow through it, creating a silver-dollar-size hole in the canvas.