...Some experts say the billionaire’s decision to sell art now might be directly linked to this divestment. “I have a feeling that Wynn’s financial portfolio might have a multi-tiered organization—it’s not as if he simply paid cash and owns all these things outright,” said art advisor Todd Levin, the director of the Levin Art Group. “Steve Wynn, not as a person but as an entity, owned stock, cash, and art—and those are all likely tied together through a complex web of corporations and/or trusts.”
Although Levin said he is not privy to any insider knowledge about Wynn’s finances, he noted that ultra-high-net-worth individuals like Wynn often own assets through trusts and offshore accounts and that the sale of his shares may have somehow triggered the need to sell off art as well.
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