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Casino Magnate Wynn Pokes Lloyd's Over Damaged Picasso Offer

National News • January 15, 2007
The casino magnate who accidentally poked a hole in a Picasso painting said insurer Lloyd's of London has offered to settle his $54 million claim of lost value, but the talks aren't going the way ...

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Subject: Tough Call

Posted On: January 15, 2007, 1:15 pm CST
Posted By: Smitty
Comment:
I beleive Mr. Winn is asking for $54 million as "loss of value from damage", determining loss of value from damage in a repaired "pricless irreplaceable artwork" is a tough call especially with the fickle art market, damaged or not it'd be hard to establish the value of any Picasso without selling it on the open market, the most accurate estimate would be what did you pay for it?

I'd put the loss of value from damage at zero with the only loss to the company the repair cost, in fact the value may even have been enhanced, the next buyer can say "Mr. Winn the previous owner poked a hole in it in front of celebrities ...., but you can't tell unless under a black light".

What did Mr. Winn insure the painting for is a damn good question.
Subject Posted By Posted On
phentermine adipex p ionamin phentermine adipex p ionamin
Nov 28, 2009, 1:42 pm
RE: RE: RE: RE: RE: Tough Call Roger Mount
Jan 22, 2007, 11:27 am
RE: The rest of the story ... more factual information Art N. Shuirer
Jan 15, 2007, 4:12 pm
The rest of the story ... more factual information Seen it all before
Jan 15, 2007, 3:56 pm
RE: RE: And my 1994 Toaster is worth Art N. Shurer
Jan 15, 2007, 3:13 pm
RE: And my 1994 Toaster is worth Bunny
Jan 15, 2007, 3:06 pm
Slime Ball Jerk Age Old Broker
Jan 15, 2007, 2:41 pm
RE: RE: Tough Call Lowell
Jan 15, 2007, 2:35 pm
Steve Whine ernie
Jan 15, 2007, 2:05 pm
Same comments/same problem Heard it before
Jan 15, 2007, 2:00 pm
Dear Mr. Wynn... KLS
Jan 15, 2007, 1:55 pm
RE: Painting Reader
Jan 15, 2007, 1:52 pm
RE: RE: RE: RE: Tough Call Art N. Shurer
Jan 15, 2007, 1:49 pm
What a crybaby! An Actuary
Jan 15, 2007, 1:40 pm
RE: RE: RE: Tough Call Hal
Jan 15, 2007, 1:40 pm
RE: RE: Tough Call Art N. Shurer
Jan 15, 2007, 1:32 pm
RE: Tough Call How Much Did He Pay?
Jan 15, 2007, 1:25 pm
Settlement Public Adjuster
Jan 15, 2007, 1:23 pm
Tough Call Smitty
Jan 15, 2007, 1:15 pm
And my 1994 Toaster is worth Art N. Shurer
Jan 15, 2007, 12:59 pm
Painting Joe
Jan 15, 2007, 12:59 pm
RE: settlement Public Adjuster
Jan 15, 2007, 12:58 pm
RE: settlement J
Jan 15, 2007, 12:55 pm
RE: settlement average Joe agent
Jan 15, 2007, 12:55 pm
RE: settlement Bulldogg
Jan 15, 2007, 12:54 pm
RE: settlement mel
Jan 15, 2007, 12:53 pm
settlement rjm
Jan 15, 2007, 11:51 am
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