The Picasso painting that hotel mogul Steve Wynn famously ripped is back in the news after billionaire hedge funder Steve Cohen bought it for a whopping $155 million, The New York Post reports.
The painting, "Le Rêve," wound up with a 6-inch tear after Wynn accidentally put his elbow through it while showing it off to friends at his Las Vegas office.
But he's not the only mogul who has destroyed a very expensive toy.
These gaffes, some of which cost their owners millions of dollars, include crashing a spaceship, high-priced car accidents, and homes that are no longer standing.
Soccer legend Cristiano Ronaldo totaled his Ferrari
In 2009, soccer player Cristiano Ronaldo crashed his Ferrari into a roadside barrier in a tunnel near Manchester airport, The Guardian reported.
Ronaldo, who played for Manchester United at the time, was unhurt.
The vehicle, which is still damaged, is supposed to be auctioned off on eBay.
Amazon CEO Jeff Bezos' spaceship project crashed during a test fight
A spaceship funded by Amazon CEO Jeff Bezos crashed during a test flight in early September 2011. People on the ground lost contact with the craft and were unable to control it during the flight.
Bezos' big dream is to develop a practical means of space tourism. Seems his first venture didn't go so well.
An Australian billionaire nearly sank his own yacht
Australian mining billionaire Clive Palmer, who became famous when he announced plans to build an exact replica of the Titanic, nearly sank his own private yacht.
The $5.3 million "Maximus" reportedly lost power and came close to colliding with a rock wall off the coast of Queensland, according to the Daily Telegraph.
After a flare was fired, the passengers put on life jackets and the yacht was towed to a nearby marina.
See the rest of the story at Business Insider