Ronald Perelman’s $410 M. Art Insurance Trial Opens with a Question of ‘Oomph’

Ronald Perelman’s $410 M. Art Insurance Trial Opens with a Question of ‘Oomph’

After seven years, more than 1,500 court filings, and a fire that may or may not have damaged any art, billionaire collector Ronald Perelman’s $410 million legal standoff with his insurers has finally reached a courtroom, reports The Art Newspaper. At issue are five paintings, by Cy Twombly, Ed Ruscha, Andy Warhol and others, that survived a 2018 fire at Perelman’s East Hampton estate. They were, however, exposed to smoke and sprinklers, which…