--It wasn't a priceless moment after all: Steve Wynn is suing Lloyd's of London for $54 million, claiming the insurance company failed to pay for reimbursement and restoration costs for Picasso's "Le Reve" after Wynn plunged his elbow through the painting Sept. 30. The painting was reportedly worth $139 million before the accident and no more than $85 million afterward; the $54 million figure represents the lost value of the 1932 painting. Lloyd's has agreed to pay $90,000 to restore the painting and a $21,000 consultant fee used for the restoration and increased security during that process, according to the Associated Press ...
Sounds like Loyd's is doing the right thing. This guy is a jerk.