Wynn loses

Casino mogul Steve Wynn recently made a a multi-million dollar boo boo. But his financial misfortune didn't fall along the lines of a Trump Taj Mahal fiasco. The Las Vegas developer happens to be an collector and owner of the Picasso painting, "La Reve."

It's too bad he poked a hole in it.

As it turns out, money doesn't ensure grace. About a week ago, Wynn was showing off his collection of high art when he backed up a bit too near the work. A conversational gesture transformed his elbow into an appendage of doom, and the painting Wynn was about to sell to hedge fund tycoon Steven Cohen for $139 million suddenly lost a lot of value.

Needless to say, Cohen retracted his offer until the damage could be assessed. The New Yorker describes Wynn's post-puncture demeanor as "cheerful"-a description none of us common folk might expect to accompany the loss of a more than $100 million transaction and a decent-sized wound in a Picasso masterpiece.

But Wynn kept his mogul cool and took the accident as a sign of divine intervention. Although Wynn decided to hold on to the painting, one of his friends calculated the cost of the damage at 40 million big ones. Thus, Wynn will go down in history as owner of the infamous "$40 Million Elbow."