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After Tear, Picasso Value Halved

actorpicasso.jpg Following yesterday's news that a woman in an adult education class tore a 6-inch hole in a Picasso painting (whoops!), the NY Times has some details on what the consequences are for a clumsy catastrophe like that.

The painting, Picasso's 1904/05 work titled "The Actor," is currently being mended in the Metropolitan Museum of Art's conservation lab, where they are hopeful the repair will be “unobtrusive." They are reportedly keeping pretty mum and still deciding on the best effective treatment. In a statement, however, they said: "The painting will be displayed, as planned, in the forthcoming exhibition Picasso in The Metropolitan Museum of Art—among some 250 works by Picasso drawn from the Museum's collection—that will be on view from April 27 through August 1, 2010."

Meanwhile, one appraiser told the Post that the value of the painting is likely half of what it was prior to the accident—bringing it down to about $65 million. He said, "When an artwork comes up in auction, that's the first thing people want to know—were there any repaints or restorations. Even a small hole and Picasso collectors like [Steven] Spielberg are not going to be interested."

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Comments [rss]

  • Snoopy

    The MET should really rethink their drinking in the gallery's clause.

  • ItchyGoiter

    I was always under the impression that valuable paintings like these were hung in cases or at least behind a rope or something. This was bound to happen.

  • just saying

    I was at the Met there on Sunday and the security guards were going crazy telling untold numbers of people not to take photos of the paintings. (Presumably the flash can damage the paintings.) And why did it appear that most of the offenders were Chinese citizens? First there was that deliberate security breach at Newark Airport by a Chinese national, now they ignore the security guards at the Met. As students etc., many of these people are recipients of the hospitality of this country, yet they proverbially thumb their collective noses at our rules and laws. It's highly unlikely they would try this crap in China. What's up with them anyway?

  • Snoopy

    The best location for paintings is in a darkened room. Although the camera flash is very short. Hundreds of flashes a day can lead to serious damage over several years.

  • Guest

    uhm, take off those goggles. you're seeing things crookedly. they may have been made in china, even.

  • just saying

    If you think that's a defense, it's a very weak one.

  • Guest

    hmm... some people seem to have dis-inclinations towards weakness/weak people.

    *shrug*

  • just saying

    No, people who are ignorant and/or disrespectful to others don't deserve a free pass--no matter where they're from.

    And why would you say "some people have dis-inclinations towards weakness/weak people." This implies that you think Chinese nationals are weak. That's some real nice stereotyping on your part.

  • Guest

    "people who are ignorant and/or disrespectful to others don't deserve a free pass--no matter where they're from."

    "This implies that you think Chinese nationals are weak. That's some real nice stereotyping on your part."

    i'm not chinese, but i happen to be weak. so don't pick on me, bro.

  • just saying

    Some possibly useful advice for you: if you don't want to be treated like a victim, don't set yourself up as one. :-)

  • Guest

    uhm, weak people are not necessarily all victims...

    it says "the meek shall inherit the earth" someplace, somewhere. not that i really care.

  • jchez

    I still say that photographs of the clumsy oaf should be released to all other museums so that they can keep an eye out for her and ban her at the door.

    I expect that if her name is revealed she'll next be seen crying on Oprah and complaining how her life has become a nightmare after this incident, what with her not been allowed into any Williams Sonoma or Bed Bath and Beyond stores.

  • Guest

    motherfucker...

  • JenChungsBaby

    So I assume you get an F in your adult education class for something like this? That woman's going to summer school.

  • fuboy

    If the class is art appreciation, yeah, instant F. If it's art history, it's an A - because you're now part of the curriculum.

  • Snoopy

    What's all the fuss about. Call Picasso and have him do another. That painting can't take more than a day or two so no big loss. But the freight bill, now that could be a problem.

  • hotstepper

    picasso rudely stopped taking calls...when he died in 1973.

  • NannyState

    His voicemail account's been full since 2002, about the same time as Thomas Krens's drunk dialing binge.

  • art

    i don't believe the value has dropped at all. even if the rip wasn't repairable, which it is, it's still a one-of-a-kind Picasso. it's a very important work in his repertoire, the value of a painting such as this does not actually depend on the condition, as long as it's not torn to shreds. i think this is a ploy to drop the insurance rate on it more than anything else.

  • Sparafucil

    It's a Rose period Picasso. While his early work is popular with the public, it's not as highly esteemed among art historians and critics. I'm surprised the value is so high.

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