Ask the average person what he or she would do with $28 million, and we're guessing that buying a 2,000-pound statue of Popeye the Sailor Man would be near the bottom of the list.
Not so for casino mogul and billionaire Steve Wynn. The Las Vegas tycoon recently dropped $28 million for a larger-than-life statue designed by legendary artist Jeff Koons, the Wall Street Journal reports.
The idea of spending so much on a statue of the spinach-chomping, Bluto-stomping cartoon character may sound ridiculous, but the piece of art may prove to be a wise investment on Wynn's part.
Koons only created three of the Popeye statues. Another of his works, Balloon Dog, was auctioned for a staggering $58 million last year, making it the most expensive piece of art sold by a living artist, CNBC reports.
In a 2012 interview withRead More »from Casino mogul Steve Wynn pays $28 million for Popeye statue