May It Please The Court: Weblog of legal news and observations, including a quote of the day and daily updates
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5/14/2013 - Convicted Killer of Seven Wants Playstation in Jail Cell 4/26/2013 - The Big Print Giveth and the Small Print Taketh Away 3/14/2013 - When Is a Volunteer an Employee Covered by Work Comp? It Depends on the Pixie Dust you Sprinkle. 2/21/2013 - When Is A 10˘ Charge Imposed by the Government Not A Tax? more...
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Quote of the Day - If no one ever took risks, Michaelangelo would have painted the Sistine floor.
How Much For That Elbow Through The Painting?Next to Marilyn Monroe's legs, Steve Wynn's elbow must be the most expensive celebrity extremity. Just a few weeks ago, Mr. Wynn apparently put his elbow through Le Reve, a 1932 painting of Picasso's mistress, Marie Therese Walter. Back in 1997, Wynn purchased the painting for just over $48 million. Now, however, he claims that moments before he put his elbow through it, it was worth $139 million, but only $89 million afterward. The painting's insurers, Lloyd's of London, have offered $91,000 to fix the painting, with a $21,000 consultation fee thrown in for good measure. Not satisfied with the speed of Lloyd's claims handling process - and certainly the amount of their offer, Wynn sued his insurers asking the Court to make them resolve the claim. It's certainly understandable. Our law firm has worked for Lloyd's before, and it can sometimes take them almost a year to pay one of our invoices for fees and costs. Bitter? No. We just won't work for them anymore. Meanwhile, Steve's soliciting bids on insuring his elbow. |
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