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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.

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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."

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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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16.

lynn    

The woman was paid more than the contract called for, she spoke at the grand opening of the Tatonka Center, and pictures of she and Costner at the sight conferring were submitted as evidence. The sight seemed good enough for her at the time.

1299 days ago
17.

Atillathegun    

If he has a good lawyer, that "final decision to be made by me if we do not agree" phrase could come in handy for the win.

1299 days ago
18.

Atillathegun    

Costner seems to be a little too taken with the theme of Once upon a time in the West. he should have paid her for her work and leave it at that instead of including her in anything else.
Well,Henry is no longer here but least Peter Fonda is around, he could maybe have him take care of the situation.

1299 days ago
19.

lili    

seriously? 4 mill? what?!

1299 days ago
20.

Bjorn Von Bjonsson    

Kevin, Give her the butt-ugly statue back. I will make you an even batter one and only charge you $3 million.

1299 days ago
21.

Karen    

It's a sad day when an artist of this caliber gets taken advantage of. She deserves every cent owed. I think her talents exceed those of Costner.

1299 days ago
22.

Wowza    

GREED. That is all it is. Costner has paid the artist for her work. Why does she deserve a dime more? To think he was so nice to hire a local artist. He should have chosen someone else. There are PLENTY of talented artists out there.

1299 days ago
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