What not to do with a Picasso

There is a reason why so much artwork - particularly older, valuable pieces - is displayed behind glass cases or out of the public's reach: the art is easily damaged and galleries and museums don't want to take unnecessary chances with their investments. When you are a private collector, those safeguards aren't always maintained. This isn't a problem when personal collections are small, but it is when you own a $140 million dollar painting, such as Picasso's La Reve, owned by Steve Wynn. Wynn, after selling the painting for just under that price, accidentally punched a hole in the canvas with a careless elbow.

Apparently, the painting can be restored and Wynn is taking this as a sign that the painting should not be sold, but when you're dealing with something so valuable in the first place, even private collectors might consider an extra precaution or two.

via luxist.com

Joel is a contributor on Design-Milk's weekly architectural posts and Apartment Therapy's Unplggd daily technology posts.