New York judge rejects Perelman’s $400 million insurance claim over fire-damaged art

Justice Joel M. Cohen, of State Supreme Court in Manhattan, ruled that the works – including two by Andy Warhol, two by Ed Ruscha, and one by Cy Twombly – showed “no visible damage” and “nothing traceable to the fire” that would diminish their value. The judge said the pieces “can be enjoyed as they were before,” undercutting Perelman’s assertion that humidity, smoke, and soot had dulled their color and contrast.

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