Art update. It appears Warhol fatigue may be plaguing the market:
I suppose that's what you do when you have extraordinary amounts of money - you spend it on art. Wynn's known for his collecting; he's brought some nice works to Vegas. But it does raise an interesting question: how much money do you have to have before you feel comfortable spending $42 million on something you hang in the hallway? Imagine your kid has some friends over, and they're horsing around, as kids will. Somehow the painting gets knocked off the wall. No big damage, but it falls on a corner, and the frame pierces the canvas. You have to figure out what's the damage, right? You know the kid's parents, they're good people, and if you tell them little Monty knocked over the painting, they'll want to know if it needed repairs. You'll say no. The value's the same. It's just the corner. They'll say no we insist, and write you a check for a million so you can have the corner professionally stitched up.
So . . . .after a few days it's apparent Monty didn't mention anything to his folks, so you call them up. After the pleasantries you bring up the incident, and all of a sudden his mom goes frosty, says yes Monty mentioned that, but if you're putting Lichtensteins in the hallway where kids are running around you're asking for it. She hangs up. Thing is, your wife asked them over for dinner next week. Now this.
Just so you know: money doesn't mean people are happy. Don't envy them. They have problems you cannot begin to imagine.
