okada museum sells art founder legal bill sothebys 1234758869
Japan’s Okada Museum of Art is selling 125 works from its collection at Sotheby’s Hong Kong on November 22 to help its founder, Kazuo Okada, pay a $50 million legal bill. The bill stems from a long-running feud with casino magnate Steve Wynn, which began when the two co-founded Wynn Resorts in 2002 and later accused each other of improper payments. The collection includes Katsushika Hokusai’s iconic *The Great Wave Off the Coast of Kanagawa* (1830–32), a rare Qianlong “Eight Treasures” vase, and 16th-century screens by Kano Motonobu. Okada, an 83-year-old billionaire, lost a binding arbitration over the legal fees and must now sell the art.
