July 28, 2016  

Stephanie Seymour's Ex Sells Painting to Save Company From Bankruptcy

August 9, 2010 (7:10 am) GMT
During a hearing for the model and Peter Brant's divorce case, it is known that the media mogul gets 4.4 million dollars profit from the sale of 'The Kiss'.

's estranged husband, media mogul Peter Brant, has auctioned off one of their prized Pablo Picasso paintings for $19.1 million to help save his company from bankruptcy. The retired runway beauty is currently locked in a messy divorce and custody battle with Brant, the father of her three children.

During a pre-divorce trial hearing in Stamford, Connecticut on Friday, August 6, a court heard how Brant had sold Picasso's "Le Baiser" ("The Kiss") during a sale in London in June, making a staggering profit on the $4.4 million the former couple originally paid for the artwork. The money was used to salvage his White Birch Paper Company from going broke.

Seymour's lawyers claim Brant has failed to fully notify them about the sale of the painting as they continue to fight over the financial terms of their split. The purpose of the hearing was to establish whether Brant was required to undergo random drug tests, along with Seymour, as part of their fight over custody of their kids.

A judge ruled Brant must continue to attend random drug tests after he asked to be made exempt from the task. The ex-couple's divorce is due to go to trial in September.

TODAY'S HEADLINES

  1. 'The Walking Dead' Was Supposed to End in Alexandria, but It Has Changed
  2. Disney's New 'Nutcracker' Movie Casts Mackenzie Foy as Clara
  3. Video: Kanye West Disses Taylor Swift While Crashing Drake's Concert
  4. Ben Affleck Risks His Life in New 'The Accountant' Trailer
  5. An Uber Driver Failing to Recognize Lorde Brags About Another Celebrity Passenger
  6. Scott Disick and Khloe Kardashian Make Fun of Dating Rumors While Posing for a Selfie
  7. Demi Lovato and Joe Jonas Bring 'Camp Rock' Back to D.C. Concert. See Their Onstage Reunion
  8. Is Lindsay Lohan Really Pregnant? See Picture of Her Smoking in Sardinia