Kevin Costner May Lose a $4 Million Bronze Statue


Kevin Costner


A judge orders the art, which is displayed at the actor's museum, to be liquidated after the contract to have it displayed somewhere else failed to be fulfilled.

Kevin Costner faces losing a $4 million bronze sculpture which has been housed at his own museum, after its creator called for the actor to liquidate the model. The "Bodyguard" star commissioned the bison structure in the 1990s for a failed resort venture in South Dakota.

According to the contract, obtained by TMZ.com, Costner promised to split the profits with artist Peggy Detmers if the hotel wasn't built by 2010 or the statue wasn't "agreeably displayed elsewhere". But the hotel was not built by the scheduled date last year and Detmers alleges she never agreed to let Costner place the sculpture in his museum, where it is currently located.

The artist is now calling for a judge to order him to liquidate the statue, which was constructed over the course of seven years. Detmers was reportedly paid $310,000 for the project, while its current value is estimated at $4 million.

© AceShowbiz.com


MORE FROM NEWS

Leave a Comment

Required fields are marked with *

   

TODAY'S HEADLINES

  1. Taylor Swift Enlists Jack Antonoff and Ryan Adams for New Album
  2. Angelina Jolie and Brad Pitt in Talks to Put Divorce on Hold
  3. Lena Dunham Goes Topless in New Racy Selfie
  4. Khloe Kardashian Sizzling in Completely Sheer Bodysuit. Tempting Tristan Thompson?
  5. Beyonce and Jay-Z's Twin Babies' Names Allegedly Revealed!
  6. Braless Gigi Hadid Risks Wardrobe Malfunction in Pajama-Like Jumpsuit
  7. Sara Sampaio Strips Down to Sheer Lingerie in Sultry New Slefie
  8. Gwen Stefani Is 'in Control' of Her Relationship With Blake Shelton
  9. 'KUWTK' Returns for Another Season as 'Life of Kylie' Ends Up Being a Flop
  10. Dylan O'Brien Goes Brutal in New Restricted Trailer of 'American Assassin'

CELEBS PHOTO