Billionaire Files 400 Million Insurance Claim Over Art Collection Pieces That Lost Their Oomph
Recently, Perelman claimed that five of his most valuable pieces have “lost their oomph” as a result of a fire that occurred at his East Hampton compound in 2018. Perelman filed a $410 million insurance claim in connection with the fire. In the filing he claims five paintings by such recognizable names as Andy Warhol, Ed Ruscha, and Cy Twombly, have “lost their oomph” despite having not been visibly damaged by the fire....