Posted on 01/26/2010 6:05:17 PM PST by Libloather
Met Visitor's Picasso Stumble is $65 Million Oops: Expert
By CAITLIN MILLAT
Updated 4:30 PM EST, Tue, Jan 26, 2010
This may be the most expensive stumble ever.
A Metropolitan Museum of Art visitor who lost her balance and tore a hole in a Picasso work Monday slashed the painting's $130 million value in half, an expert told the New York Post.
The 6-inch tear in Picasso's "The Actor" happened after a woman stumbled into the Met work, leaving it with a mark that could mean the painting could never be restored to its original condition, appraiser Gerard van Weyenbergh said.
"It's a 50 percent loss of the value -- at least," said van Weyenbergh.
"When an artwork comes up in auction, that's the first thing people want to know -- were there any repaints or restorations," the expert told the Post.
The six-foot by four-foot painting was hanging on the second floor when the woman fell, leaving the half-foot gash in the lower right-hand corner of the painting.
The "small hole" could mean that avid collectors -- van Weyenberg cited Steven Spielberg as one -- won't be interested in the tainted work, according to the art expert.
(Excerpt) Read more at nbcnewyork.com ...
Gee that probably why she went crazy she saw that that freaking me out ROFL
HA-ha!
I don’t even want to know what the “collectors” think this expression means.
That is hilarious.
LMAO....that just dropped the painting’s value to ‘zero’.
I would think not until the painting is actually sold.
The banks keep toxic real estate assets on the books until they’re sold, right?
Hey, that’s Zapatero...
Actually, once it’s restored, I doubt that its value is going to be enormously affected. Many great works have suffered damage and been repaired, and it basically enters into their provenance.
That said, however, Picasso was a true genius...when he was about 13. He painted some truly splendid figurative works in his early years that displayed an incredible maturity and depth. And then he went to Paris...
$65 mill is the cost of the damage. Maybe they can set up an easy payment plan for the perp.
Zero ain't worth nothin' and he gets a transparent shield.
LOL!! Excellent work! Love the dangling cigarette. Came across it while doing a keyword search on “Picasso”.
Judge rules Picasso painting sold to escape Nazis can stay with New York Metropolitan
https://www.dw.com/en/judge-rules-picasso-painting-sold-to-escape-nazis-can-stay-with-new-york-metropolitan/a-42494642
The Moody Blues - The Actor
https://www.youtube.com/watch?v=29ihZ_TbFqY
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