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.
- 'Stranger Things': Here's What Upside Down Is According to the Child Actors
- Ben Affleck and Jennifer Garner Grab Breakfast Sans Kids Amid Rumor They Call Off Divorce
- Cheryl's Mom Fuels Rumors Singer Is Expecting a Child With Liam Payne
- Lionsgate Is Open for More 'Twilight' Sequels
- Cara Delevingne Nearly Topless in Ripped Top for Puma Campaign
- See Tom Brady Sunbathing Completely Naked During Vacation With Gisele Bundchen
- Everyone Is Excited to Meet Superman in New 'Supergirl' Season 2 Sneak Peeks
- Nick Jonas Shares His First Photo From 'Jumanji' Set, but There's a Catch