What happened in Vegas.

Billionaire art collector Steve Wynn owns the Wynn Las Vegas casino and this painting, Picasso's Le Rêve. He recently agreed to sell it to another collector for $139 million dollars. Not a bad deal, considering he paid just under $49 million for it in 1997. As he was showing it to some friends before finalizing the sale, he gestured with his arm and put his elbow through the canvas, leaving a silver-dollar sized gash in the figure's (Picasso's mistress, Marie-Thérèse Walter) left arm.

He called off the deal and called a art restorer, who promises that the painting will be completely fixed.

The New Yorker article and Nora Ephron's first hand account.

(via Kottke via Zach Klein)