Top Collector Ron Perelman Sold 71 Works Worth $963 M. by Picasso, Warhol, Basquiat and Others to Repay Banks

Businessman Ronald O. Perelman, who appeared on the ARTnews Top 200 Collectors several times and was once a frequent Gagosian client, sold 71 artworks by blue-chip artists for $963 million between 2020 and 2022, according to recently unsealed court filings. The 71 works included multiple pieces by Cy Twombly, Ed Ruscha, Andy Warhol, Alberto Giacometti, Roy Lichtenstein, Pablo Picasso, Ellsworth Kelly, Brice Marden, Jasper Johns, Egon Schiele, Jean-Michel Basquiat, Anish Kapoor, Ma