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Japan’s Okada Museum Forced to Sell Works to Settle Founder’s $50 M. Legal Bill

Summary by ARTnews
Japan’s Okada Museum of Art is selling works from its collection because its founder, Kazuo Okada, needs to settle a $50 million legal bill that stems from his long-running feud with casino magnate Steve Wynn. Okada, an 83-year-old billionaire, is the former chairman of Tokyo-based Universal Entertainment Corp.Sotheby’s Hong Kong has landed the 125 works, which are set to hit the auction block on November 22. The collection includes Katsushika H…
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ARTnews broke the news in on Friday, October 24, 2025.
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