Stephen A. Wynn
“Money,” Stephen A. Wynn has said, “is a way of expressing no compromise.” That statement is just as true for Wynn’s art collection as it is for his multi-billion-dollar Las Vegas casinos. In 2005, his collection of 19th- and 20th-century masterpieces was valued between $300 million and $400 million, and also included Jan Vermeer’s Young Woman Seated at a Virginal (ca. 1670). At the time, it was one of only two Vermeer paintings in private hands. He has since sold the Vermeer, as well as other top works—in 2005, hedge-fund billionaire Steven A. Cohen reportedly paid Wynn approximately $120 million for Vincent van Gogh’s Peasant Woman Against a Background of Wheat (1890) and Paul Gauguin’s Bathers (1902)—but his art collection, now thought to be worth $1 billion, still reflects the same commitment to excellence that Wynn aspires to with his hotels.
As one of his hotel brochures reads, “It took Michelangelo four years to complete the ceiling of the Sistine Chapel. Your room took five.” Wynn stepped down as CEO of Wynn Resorts in 2018 after allegations of sexual misconduct, but didn’t take long for him to plan a comeback, of sorts. Later that same year, Wynn launched Sierra Fine Art LLC, an online art gallery advertising works created by eye-catching names, including Matisse, Picasso, and Warhol. Wynn’s lawyer Michael Kosnitzky told Artnet News that the former CEO “has decided to do something in a businesslike way that would keep him active. He plans to travel around the world to locate art of significance and use his vast experience and knowledge to sell it to others.” The company was reportedly the buyer of Monet’s Nymphéas en fleur (ca. 1914–17), purchased for $84.7 million at Christie’s New York in 2018. At the time of the sale, the work set a new record for the artist at auction.