A restorer said the repaired painting was worth $85 million, according to the lawsuit.
Outside conservators have already been consulted to restore the piece.
'Take cover NOW' Tornado WARNING issued for 'Washington DC', USA
Showers and thunderstorms are expected to persist in most of Pennsylvania through the rest of the week as the weekend approaches. A few storms could be strong to severe, but damaging winds and hail should be less widespread compared with Monday .
For the second time in 12 years a Picasso masterpiece owned by the billionaire collector Steve Wynn has been damaged days before being sold. "After consultation with the consignor today, the painting has been withdrawn from Christie's May 15 sale to allow the restoration process to begin". "We have taken immediate measures to remedy the matter in partnership with our client".
For "Le Marin", Christie's had assured the seller of a minimum price and found a third-party guarantor to bid for the piece at auction. "No further information is available at this time".
The oil-on-canvas work, executed on October 28, 1943, has always been seen as among Picasso's most celebrated self-images, with the artist wearing one of his famous striped fisherman's jerseys.
Russian Federation 2018: Rohr releases 30-man provisional list
NAN reports that the Russian Federation 2018 FIFA World Cup finals' is scheduled to kick off from June 14 to July 15. Goalkeepers: Francis Uzoho, Dele Ajiboye, Daniel Akpeyi, Ikechukwu Ezenwa .
The circumstances of the latest incident are unknown. In 2006 the billionaire put his elbow through Picasso's 1932 "Le Reve" whilst showing it to guests in Las Vegas. After restoration, the painting was purchased in 2013 by Cohen for $155 million.
Bloomberg reports Wynn has since chose to pull another Picasso painting, 1964's "Femme au chat assise dans un fauteuil" (woman with a cat), from the auction.
Wynn resigned as chief executive officer of Wynn Resorts Ltd.in February and stepped down as finance chairman of the Republican National Committee amid allegations of sexual misconduct. Lin Wood, a spokesman for Wynn, declined to comment.
ESPN and Netflix Partner on Michael Jordan Doc Series 'The Last Dance'
According to The Athletic's Richard Deitsch , Jordan approved the project and is taking part in the documentary. It is expected to pull from 500 hour of never-before-seen-footage from the 1997-98 championship season.
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