Stephanie Seymour's Ex Sells Painting to Save Company From Bankruptcy
Stephanie Seymour'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.
- Calvin Harris Strips Down to His Undies in New Instagram Photo
- Gisele Bundchen, Kendall Jenner, Gigi Hadid Among Highest-Paid Models 2016
- Selena Gomez Takes a Break, Cancels Tour Amid Battle With Depression due to Lupus
- 'Arrow' Season 5 Shows First Look at Villainous Prometheus
- Blake Lively Celebrates Baby Shower With Taylor Swift
- Gabby Douglas Apologizes After Missing VMAs due to Health Issues
- First Look at Miley Cyrus as Hippie in Woody Allen's 'Crisis in Six Scenes'
- Drake and Rihanna Kiss on Instagram, Enjoy Date Night After VMAs