Robert Perelman monetizes part of his collection

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An American banker, businessman, and investor Robert Perelman

According to Bloomberg, New York-based financier and collector Robert Perelman will sell several works from his collection as part of the restructuring of his investment portfolio at Sotheby’s mixed evening auction “Rembrandt to Richter” which will be held in London on July 28, 2020.

According to the publication, Perelman owns two works – “The Woman in the Red Hat” by Joan Miro and the composition by Henri Matisse, although the owner of the lots is not indicated in the auction catalog.

Robert Perelman monetizes part of his collection
Joan MIRO Painting (Woman in a red hat). 1927. Fragment

According to preliminary estimates of the auction house, in total, these works can be sold for £ 42 million ($ 53.3 million). Joan Miro was an internationally renowned Spanish painter of the 20th century. He was one of the first artists to take part in the Surrealist movement. His work is considered the forerunner of Abstract Expressionism, making him part of the two dominant art movements of the time. It is expected that the works of art from Perelman`s collection will go at the upper bound of the estimate.

In addition to the disclosed name of the current owner, the sale will be facilitated by the impeccable provenance of both works, acquired from Zurich dealer Thomas Amman in 1988-1989.

In addition to Perelman, Amman’s clients included many renowned art collectors, including David Geffen, Gianni Agnelli, Stavros Niarchos, and Ronald Lauder.

Robert Perelman, whose fortune is estimated at $ 7.4 billion, is known for his active work in the field of investing in art. Ronald Perelman is a dealmaker who built a fortune with a diverse array of holdings, from candy to cosmetics. He earned a reputation in the 1980s as one of the era’s fiercest corporate raiders.

Given all the open data, most likely, Perelman is going to diversify the composition of his investment portfolio, following the changes in the economic climate against the backdrop of the pandemic. The first step in this direction will be the sale of works, which will most likely be purchased at least at market value.

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