even when has sole a picasso for a record amount of money one hundred fifty
five million dollars to hedge fund managers steven steven calling now out
that the cost of that we're talking about is referred to as the jury and of
course is a very famous picasso because of the fact that it looks like of the
person in the art work as a pianist on its head both of us
so alright so i think there's a backstory to this that's fascinating so
as i mentioned a steve wynn did sell it for one hundred fifty five million
dollars now originally been greed on uh... the number one hundred thirty nine
million dollars so why is it that he was able to sell it for sixteen million more
than they originally
uh... agreed upon well no that's the one with the biggest out that's so funny man
huang outlook i'll i'll
i think people are not sleeping under the one i know is for british unique but
what's amazing about a story is
this story is
till i did not even bothering to haggle over sixty million dollars so why the
world to get raise so i don't really know how exactly steve wynn convinced
aristide's going to pay more for it but here's what i do know after they agreed
on the original amount which is one hundred thirty nine million dollars
steve wynn was showing off the artwork to some of his friends in the process
doing so his elbows somehow poked a hole
in the artwork
really expensive art of course you need to get insurance and insurance companies
uh... basically paid him lloyd's of london dot is the insurance company paid
him forty five million dollars to repair the damage okay can you say you a quick
i drive down the road the other day lou it probably is a go of the pieces
sheetrock walls of a truck oppose on my
and so i got it in a group of car smashed in the front i gotta go gotta
fix call they sure see you guys will live through this vicious is that we got
it began it after having paid new all those months and years of several ball
them insures all those now i did it give you five nov dot
socio close up aura about five a loss this guy destroys all the most
became a thesis of art
in their world
evasive although probably aimed at the time of his forty five million dollar so
he received forty five million dollars to repair the artworks needed repair the
artwork and then he proceeded to sal
uh... the the painting to stephen cohen for one hundred fifty five million
sixteen million more than would be originally agreed upon now he had of my
guess is he
somehow on the deal put the insurance is part of it c_p_b_ and that's the biggest
highway robbery there ever was begitu suffered full-price and pizza forty five
million home with them
bob needed that was stephen cohen i'd
wonder how he got to be a successful hedge fund manager in the first with
between iraq he had to have with the insurance money in their because
otherwise it would be picasso unfair
and steve
would be winning in a big way
wet by behaves the same guys who were crying about
osvaldo all this is all of the will
and they're like with your backyard and there are there other movie but it does
repeatedly
and it's incredible because you know in the art world their instead our problem
right and and the way they come up with these numbers is ridiculous you know
it's completely just made up
assault under fifty five million dollars for the spartans insane but i do love
the description of it okay
erotic content of the painting has been noted repeatedly with critics pointing
out the picasso painted an erect penis presumably symbolizing his own
uh... in the upturn based on his model who was his mistress at that time so
that
after not that interesting
by-play that could be in
credibly uninterested
so that he just put a decked out in space
big nato sol y
but at the time maybe that was like me
there's a decade of a day
now we got there and that we use english
that kind of situation cannot and not
artwork ait i think that
what i love about it so much as i can see the image of both of them
right not just his penis likelihood so you're you're cool you forgot your image
of two people
come on you don't think that that's interesting it's not worth a hundred
fifty five million are not even having that discussion
i'm just saying that at the peace of the heart beats interesting to look at it's
interesting to analyze
you and i think it's a daring especially for that time so to speak and correct he
has on someone's base grew up
of the late area every second grader has the like the world seventh-graders done
that
if one of the visual ascent
you know what i would have paid for this payment
dicted yeah