In Macau, casino operator Wynn Resorts Limited has reportedly confirmed that its former Chief Executive Officer, Steve Wynn, does not have any ownership in the many valuable works of art displayed at its Wynn Palace Cotai and Wynn Macau properties.
According to a report from GGRAsia, the Las Vegas-based firm additionally stated that it does not plan to remove any of the expensive artwork being displayed at the two properties in the wake of Wynn’s February resignation amid numerous sexual misconduct allegations.
GGRAsia reported that the rare works on display inside the Wynn Palace Cotai and Wynn Macau include a set of four porcelain Qing Dynasty vases often referred to as the Buccleuch Vases as well as several 18th Century French tapestries. It explained that this collection moreover comprises the Tulips steel sculpture by Jeff Koons, which the casino operator purchased in 2016 for $33.7 million, alongside a monumental vase from American ceramicist Viola Frey.
Connecticut-born Wynn reportedly revealed two years ago that the artwork held by Wynn Resorts Limited in Macau was worth in excess of $100 million while the controversial billionaire casino magnate has moreover purportedly held an art dealers license since 1997.
GGRAsia also cited a story from the Bloomberg news service as detailing that the 76-year-old is planning to hold an auction next month via Christie’s where he hopes to offload numerous works from iconic artists Pablo Picasso and Andy Warhol valued at over $150 million.