In 2018, a fire broke out on the third floor of the US economy house, Revlon Ron Berlman. Reports at that time stated that most of his millions of dollars technical group was not damage Hanging on the lower floors, its “attractiveness” lost as a result of smoke and water damage.
The lawsuit filed by “Birman” against insurance companies says that it has become the embodiment of the new nature of the art of art, according to the British PharDan.
The four paintings, one of which is CY TWOMBLY’s UTITLED, which was purchased in 1971 in 1993 and is estimated by Perman in accordance with legal documents for $ 125 million and two plans for Andy Warhol, Elvis 21 Times, at a value of $ 75 million, and the Campbell soup board, with one hundred million dollars; There is Ed Ruscha’s Standard Station, which is estimated at about $ 60 million, and Box Smashed Flat for $ 50 million.
Berlman told the court that the painting of Ando Warhol Elvis “does not appear as it was before, there are changes that occurred after the fire, every slight effect leaves a mark and that is why they called him pop art”, and in response to a question about the changes he noticed in the Twombly painting, Perman said in his testimony: “All the paintings lost their luster, lost their depth, lost some definition and lost many of her personality.
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He added that the Thompeli painting “lost its attractiveness”, while a witness to the proof of billionaire Jennifer Mas, head of scientific analysis of fine arts, said that she found that all the paintings were “damaged by fires,” according to court files.
Insurance companies say that a lawsuit was filed against them before they were able to completely investigate, in addition to that they argued that the allegations were submitted after a year of the incident when Perman, who was chosen by the institutional investor’s institution, was the richest man in America in 1989 and considered him a “prominent institutional striker” at that time He sells assets as his wealth was estimated at $ 20 billion, a number that has since decreased to two billion dollars.
They said that the insurance claim “coincides with a time when Birman was seeking heavily to obtain funds to pay the debt that the time for its entitlement has come,” Moreover, the images were insured with “complications” of their fair market value, and “it coincides with the five -fifths of the five higher panels Certain values ”under documents.
The case also coincides with the increasing lawsuits throughout the art world, including copyright lawsuits on “fair use” of pictures or selling museum groups and combating looting and forgery, including the confiscation of the FBI on more than twenty “Basikiyat” at the Orlando Art Museum in June..
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