I honestly assume the dev team at Treasure had some fun toying around with his facial model, and they either deliberately left that in as a easy alternative to actually have to animate Wario looking amazed/surprised, or it was a error. I always thought the dev team ran out of time or funds to fully flesh out this game it's full potential, so I think this weird bit might be slight evidence to it.
Nevertheless, it's still funny, and the ending screenshot depicting how much of his estate Wario actually gets back at the end sort of reminds me of Luigi's Mansion's ending screenshots of the estate Luigi affords depending on how much cash he collected at the end.
Wario World was delayed several times. The issue wasn't a lack of funds. If you dig up every last beta demo and preview in existence you'll see a ton of ideas, designs, enemies and builds that were scrapped throughout. The game kept getting rebuilt and watered down, and they ran right out of time. I'll try and dig up all my old previews.