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Costner's $4 Mil Bison Battle

The Original Contract

2/24/2011 6:45 PM PST BY TMZ STAFF

Kevin Costner is on the verge of losing an enormous $4 million bronze bison sculpture ... constructed over the course of SEVEN YEARS -- and TMZ has obtained the contract that could bite him in the ass.

0224_kevin_costner_EXD_launch_TMZ
According to the document, Costner -- who commissioned the sculpture in the '90s for a failed resort venture in South Dakota -- promised to sell the statue and split the profits with the artist ... if a) the hotel wasn't built by 2010 ... or b) the statue wasn't "agreeably displayed elsewhere."

0224_kevin_costner_statue

Well, the hotel wasn't built by 2010 ... and according to the artist -- a woman named Peggy Detmers -- she never agreed to the statue's current home in a museum owned by Costner ... on the same property where the resort was supposed to be built.

Now, Peggy's tightening the screws in court ... demanding Costner liquidate the bison statue ASAP.

Sources close to the artist tell TMZ, Detmers was originally paid $310,000 for the entire project -- so if it sells for anywhere near its reported value of $4 million ... she stands to make serious money.

So far, the court hasn't made a decision.

22 COMMENTS

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1.

DarrenBeckley    

I hope everything turns out well for Mr. Costner...He's fantastically talented and seems to be very socially conscience.

1334 days ago
2.

Nancy     

What the???

1334 days ago
3.

Kiko    

Little known fact: The bison in the statue that is seen running off the cliff is affectionately referred to as "Stephen Baldwin" by Kevin and his friends.

1334 days ago
4.

JanetfromSpokaneWA    

Who is going to want to commission this artist, Peggy Detmers, in the future if this is how she treats her clients? She just lost me as a future client!! And how could she insist Costner sell the sculptures after the money he spent to put them where they are? 6 million!! By the time he collects what he spent, putting them where they are, there won't be anything left for her!! Why would she ask the court to make him lose out on that money he paid to build 'Tatanka: Story of the Bison? And not care about how the Lakota community is so connected to that site? I think the picture of her at rapidcityjournal.com says it all: she looks miserable!!

1334 days ago
5.

KateNW    

I have a difficult time believing the artists story. Hope it's in writing. He commissions and pays $310K for an artwork, then agrees in advance to sell it later and split "profits" with the artist?
Hardy Har Har.....
Please call me to be on the jury, I would laugh it out of court.

1334 days ago
6.

janet    

Was it not Costner who had the big idea to clean the oil spill in the gulf that went nowhere.

Now a 7 million dollar bronze bison. This is a joke.

1334 days ago
7.

KateNW    

OOps I am stupid the do***ent was right in front of me.

1334 days ago
8.

Davey Boy    

That's art? A bunch of buffalo stampeding with some being pushed over a cliff.

1334 days ago
9.

Pua    

She's probably got the worth of the statue already paid. To move, reassemble and mount in a local that will show the cliff and falling buffalo will require a bunch of money, lots of digging and relandscaping of any chosen area, and it looks fine where it is and where it should be.

1334 days ago
10.

John    

He paid for it, its his.

John P McNiff, Philadelphia

1334 days ago
11.

DavidLemley    

There's an interpretive center, museum, and UNESCO World Heritage Site in Alberta, Canada called "Head Smashed-In Buffalo Jump" that would probably love to get their hands on it. If I had the cash to purchase it, I would donate it. Kevin should pay the artist and donate it to there.

http://www.head-smashed-in.com/

1334 days ago
12.

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1334 days ago
13.

Carl    

Costner needs to go back to doing movies and spend less time caught up in lawsuits.

1334 days ago
14.

ckat    

posting this pic does what.....

1334 days ago
15.

ashley    

that's a bad azz statue!

1334 days ago
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