The unnamed client of Christie’s had been identified by Bloomberg in April as the casino mogul Steve Wynn, who in February resigned as chairman and chief executive of Wynn Resorts as a result of sexual misconduct allegations. The painting was restored and was eventually sold to Mr. Cohen in 2013 for $155 million. It is currently on show in the exhibition “Picasso 1932: Love Fame Tragedy” at Tate Modern in London. This second Picasso had also been identified as being offered by Mr. Wynn. Like “Le Marin,” it had been guaranteed to sell courtesy of a third party.

Source: New York Times May 14, 2018 15:22 UTC