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October 16, 2018

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Steve Wynn pays $28.2 million for Jeff Koons’ sculpture of Popeye



Steve Wynn has purchased Jeff Koons’ sculpture Popeye for $28.2 million.

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Jeff Koons’ sculpture "Tulips" on display at the Wynn in Las Vegas. Steve Wynn purchased it in 2012 for $33.6 million.

Hotel tycoon Steve Wynn peeled off a lot of greens to buy the life-sized sculpture of cartoon character Popeye created by pop-modern artist Jeff Koons at the Sotheby’s auction in New York on Wednesday night.

In fact, $28.2 million greens, and he did it by phone from his desk at his Strip hotel. It was part of a two-night sale of postwar and contemporary art that brought in more than $1 billion in record sales.

The shiny, mirrored sculpture of Popeye will go on display in the lobby of the Wynn within the month. Steve is a fan of Jeff: He purchased “Tulips” in 2012 for $33.6 million.

For those who might be quick to criticize Steve’s art purchase, remember that he has donated more than $100 million to medical research and similar fortunes to our Keep Memory Alive work at the Cleveland Clinic Lou Ruvo Center for Brain Health in downtown Las Vegas.

Robin Leach has been a journalist for more than 50 years and has spent the past decade giving readers the inside scoop on Las Vegas, the world’s premier platinum playground.

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