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Question of the Day - 02 April 2006

Q:
Why did Steve Wynn close his personal art gallery at the Wynn? We enjoyed it, as we do the galleries at Bellagio and the Venetian.
A:

After several months of rumor and speculation, the Wynn Collection finally closed in February 2006. The gallery had featured art from Steve and Elaine Wynn's renowned private collection, including works such as Picasso's "Le Rêve" ("The Dream" -- the original name for the resort itself and the title chosen for their Cirque du Soleil-esque production show), a Rembrandt self-portrait from 1634, plus the only painting by Johannes Vermeer in private hands.

As to why the attraction closed, the resort isn't saying. From newspaper reports we read after the property opened, the gallery appeared to be relatively successful, at least at first, drawing up to 400 visitors a day on weekends and 200-300 on weekdays. We didn’t get the chance to visit ourselves, but we read subsequent reports from others that indicated these attendance figures were not sustained. Of the visitors the gallery did attract, it was estimated that more than half were locals, who were entitled to a 50% discount on the $10 admission charge. This may be another reason for the enterprise's demise: Perhaps the gallery was primarily attracting people who didn't spend enough money elsewhere in the resort when they visited, instead of being a perk for fee-paying guests. Nestled among the hotel's high-end retail outlets, it was probably decided that this premium floor space simply wasn't paying its way as the revenue earner it should've been. Sure enough, when the closure was first announced, it was stated that the space would be given over to the world's first Rolex-branded store (though that hasn't transpired).

While a spokeswoman from the property was unable to confirm what the future has in store for the space formerly occupied by the gallery, she was able to explain what happened to the collection itself. When he confirmed the gallery was to close, Steve Wynn suggested that the art might be publicly displayed elsewhere around the property, supplementing the other original artwork that already graced its walls. And here's the good news: To date, four works have already been moved to the registration area, where you can now view them -- for free. These include "Le Rêve" and "Nature morte aux tulips" by Picasso, Matisse's "The Persian Robe," and "Among the Roses" by Renoir. It's not often you get to see works by such renowned masters up-close-and-personal without paying a fee, and it's expected that over time some or all of these will be rotated with other works from the collection, which to the best of our knowledge currently consists of the following works:

  • Vincent van Gogh's "Peasant Woman Against a Background of Wheat" (1890)
  • Pierre-Auguste Renoir's "Among the Roses" (Madame Leon Clapisson) (1882)
  • Claude Monet's "Camille a l'Ombrelle Verte" (Camille with Green Parasol) (1876)
  • Henri Matisse's "The Persian Robe" (1940)
  • Henri Matisse's "Pineapple and Anemones" (1940)
  • Paul Gauguin's "Bathers" (1902)
  • Paul Cézanne's "Portrait of a Woman" (1900),
  • Manet's "Portrait of Mademoiselle Suzette Lemaire, in Profile" (1880),
  • Amedeo Modigliani's "Nude on a Couch" (1917)
  • "Self Portrait with Shaded Eyes" (1634) by Rembrandt van Rijn
  • "Self-Portrait" (1879) by Edouard Manet
  • "untitled landscape" by Jan Brueghel the Elder
  • Paul Cézanne's "Curtain, Jug and Fruit Bowl" (1894)
  • a portrait of Robert Louis Stevenson and his wife (1885) by John Singer Sargent
  • "Steve Wynn (Red, White, Gold)", a triptych of Wynn created in 1983 by Andy Warhol
  • Camille Pissarro's "Hermitage Garden, Maison Rouge" (1877)
  • "Napoleonic Stereotype circa '44" by Jean-Michael Basquiat (1983)
  • "Homme au chapeau" by Pablo Picasso
  • "Nature morte aux tulips," Pablo Picasso (1932)
  • "Le Rêve," Pablo Picasso (1932)

Meanwhile, Bellagio, original home of the Wynn collection, still has its Gallery of Fine Art, which is currently housing an exhibition called "Impressionist Landscape" through the end of April.


The Persian Robe
Among the Roses
Nature Morte
Le Rêve
Update 14 April 2009
Steve Wynn was featured in last Sunday's "60 Minutes" show on CBS, with the casino mogul referring to himself as the "Clouseau of art collecting" in reference to the notorious elbow incident. Here's a link to the video clip of the piece. 10/18/2006 An update, courtesy of LasVegasAdvisor.com's Today's News column: October 17, 2006 Wynn's Multi-Million Dollar Slip-Up Steve Wynn's right elbow has just cost him an estimated $90.6 million, on account of its unfortunate confrontation with the left forearm of Marie-Theresa Walter, the subject of Picasso's Le Rêve painting. Wynn, a notorious gesticulator who also suffers from an eye disease that affects his peripheral vision, accidentally took a swipe at the 74-year-old masterpiece while addressing a group that included Barbara Walters and screenwriters Nora Ephron and Nicholas Pileggi. "Oh sh*t, look what I've done," was the reported response of the casino mogul and art-lover when he realized he'd made a sizable hole in the canvas, which happens to be one of his favorites. Now, instead of following through with the recently-agreed $139 million sale of the work to another collector, Wynn is going to restore and keep the painting, for which he paid $48.4 million back in 1997.
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