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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: RE: RE: And my 1994 Toaster is worth

Posted On: January 15, 2007, 3:13 pm CST
Posted By: Art N. Shurer
Comment:
This is continuing to smell foul. Reminds me of several years ago when art dealers were getting hefty federal/local fines for under-declaring sales figures in order to minimize sales taxes, then shipping empty cartons to the low-tax-rate second home while the art itself went directly to the new buyers Manhattan residences.

Remember Tyco? Old Teddy K refined the scam. Betcha Wynne didnt pay the full tax, which is why hes trying to hide the original purchase price.

Hey you Claims Adjusters out there - does Wynne face a tax bill on the difference between what the adjusted loss is, less the residual value of the damaged item? What about the difference between what he originally paid for the painting and the adjusted loss amount? Is this a way to get around capital gains tax?

Smart Man, we gonna getcha!
Subject Posted By Posted On
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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