Wynn Sues Over Damaged Picasso

Casino mogul Steve Wynn poked a hole in a Picasso he was selling for $139 million. He sought $54 million in damages, but the insurer demurs. Now Wynn is “seeking documents related to the insurer’s appraisal of the work, worth $139 million before it was damaged Sept. 30. A restorer said the repaired painting is worth $85 million, a complaint filed yesterday in Manhattan federal court said.”