Remember when Steve Wynn told his assembled guests at the elbowing of his Picasso that “this has nothing to do with money. The money means nothing to me”?
Now Wynn has apparently suppressed these noble sentiments sufficiently to instigate a lawsuit against Lloyd’s of London, seeking $54 million for the damage he accidently inflicted on “Le Rêve.” He was to have received $139 million for the painting from hedge fund king Steven Cohen before the accident; now he says the painting is worth a mere $85 million.
He made the hole; now he wants to be made whole.