Casino tycoon gives Picasso the elbow

IT would have been the most expensive picture ever sold. At $139m, the private deal between two American billionaire buddies would have upped the record high for any painting by $4m. But the deal is now off.

The picture is Picasso's 1932 La Rêve, a portrait of his mistress Marie-Thérèse Walter. Its owner St…

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