Art News. Vasari Codex

trending_up market schedule Sep 26, 2025 visibility 10 link 8 artists, 1 gallery

perelman art insurance ruling 1234753886

A New York judge has ruled against billionaire investor and art collector Ronald O. Perelman in his attempt to collect $400 million from insurers for five paintings allegedly damaged in a 2018 fire at his East Hampton estate. Justice Joel M. Cohen of State Supreme Court in Manhattan found no visible damage to the works—two by Andy Warhol, two by Ed Ruscha, and one by Cy Twombly—and nothing traceable to the fire that would reduce their value. Perelman claimed the fire robbed the paintings of their 'spark' and 'oomph,' but insurers including Lloyd's of London, Chubb, and AIG countered that the works were unscathed and accused Perelman of filing claims under severe financial pressure after a collapse in Revlon stock.

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trending_up market schedule Jun 3, 2025 visibility 8 link 7 artists, 1 gallery

trial ron perelman insurance claim warhol ruscha twombly 1234744105

The trial between billionaire collector Ron Perelman and a group of insurers began Monday in New York Supreme Court, nearly seven years after a 2018 fire at his Hamptons estate, the Creeks. Perelman claims the fire damaged five paintings—two by Andy Warhol, two by Ed Ruscha, and one by Cy Twombly—insured for a collective $400 million, arguing the works lost their "oomph" due to smoke, humidity, and relocation during the fire. The insurers, including Lloyd's of London, Chubb, and AIG, contend the works sustained no detectable damage and that Perelman's claim is a "money grab" filed amid serious financial difficulties, including margin calls and the sale of 71 artworks for $963 million between 2020 and 2022.

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person people schedule Oct 27, 2025 visibility 15 link 16 artists, 1 gallery

‘I’m not trying to impress anyone with what I buy’: how Catherine Walsh went from cosmetics queen to art collector

Catherine Walsh, a former cosmetics executive at Estée Lauder and Revlon who pioneered celebrity fragrances at Coty, recounts her journey from buying her first Harry Callahan photograph at age 22 to building a minimalist art collection. She commissioned architect John Pawson to design a house in Telluride, Colorado, after a lecture, and has since acquired works by Gerhard Richter, Donald Judd, Jenny Holzer, Josef Albers, and a 17th-century Dutch portrait, among others. Walsh now lives in a London apartment near the Victoria & Albert Museum, where she displays her carefully curated collection with minimal furniture.

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