Ron Perelman's $410m insurance trial is testing the limits of art valuation
The Art Newspaper
JULY 18, 2025
At the heart of the case are five paintings, allegedly worth over $410m, by Cy Twombly, Ed Ruscha, Andy Warhol and others, which Perelman claims were significantly damaged in a 2018 fire at his East Hampton estate. But how does a market, increasingly professionalised, complex and litigated, quantify a quality as elusive as “oomph”?
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