Worth over $2.4 billion and ranked as the 279th wealthiest American, Steve Wynn has more than enough money to spend on essentially whatever he pleases. One commodity that he loves to throw his green at, is none other than fine art including notable pieces from Picasso and Claude Monet. Most of the pieces within his extensive art collection can be seen at his current and former resorts. While he’s not the type to purchase art online, you’ll find him obtaining these pieces at the most luxurious auction houses.
Notable Purchases by Steve Wynn
- Le Reve – Purchased for an undisclosed price in a private sale in 2001, this work of art by Picasso was placed in his resort immediately after purchase; in 2006, Steve then attempted to sell the piece to Steven A. Cohen for an incredible $139 million, which at the time of the sale, would have been the highest price that any piece of art sold for. Of course, Steven’s own clumsiness caused disaster as he popped his elbow through the canvas while showing it to a group of guests. Inevitably, the sale of the piece had been canceled and required a $90,000 repair fee to fix the work of art. After which, the painting was an estimated $85 million. Wynn then sued his insurance company over the $54 million difference from the original price. After the case had been settled in April of 2007, Wynn sold Le Reve to Steven A. Cohen for $155 million.
- Fiori Di Como –Rumored to cost over $40 million, this sculpture (created by Seattle artist Dale Chihuly) consists of 2000 pieces of handblown glass flowers. The sculpture can be seen attached to the ceiling of The Bellagio resort in Las Vegas, Nevada.
- “Peasant Woman Against a Background of Wheat” – Painted by Vincent Van Goh in June 1890, the painting depicts a young woman in a yellow bonnet, sitting in front of wheat stalks that Van Gogh later shot himself in, weeks after the painting release. After Wynn acquired the painting in a 1997 auction for a suspected relatively low price, he then sold it in 2004 to Kenneth Griffin.
- M.W. Turner’s “Giudecca, La Donna Della Salute and San Giorgio” – Wynn had purchased this piece via a telephone bid for $35 million.
- “Dancer Taking her Bow” – Acquired by Mirage Resorts in 1997, Wynn purchased the painting from them in 1998 for a sum of $12 million.
- Ming Dynasty vase – During May of 2006, Wynn set a world record for Ming porcelain when he bought a very rare underglaze-copper-red Ming Dynasty Vase for $10 million. The vase had been dated all the way back to 1368-1644 and had been displayed in the VIP section during the opening of Wynn Macau; he later donated the piece to the Macau government.
- “Young Woman Seated at a Virginal” – Wynn had purchased this piece (by Johannes Vermeer) for $30 million at a Sotheby’s auction in 2004. It had been the very first Vermeer painting to come into the market for more than 80 years. Later, Wynn sold the painting to a private buyer for the same price that he had purchased it for.
If you are into art done by celebrities, check this link to view Terry Crews Art.