Perelman Aims to Sell Art Worth Hundreds of Millions, Pare Debt

Ronald Perelman, who sold two of his paintings for $37.3 million last month, has authorized Sotheby’s to find buyers for hundreds of millions of dollars of additional works from his vast collection as the billionaire pares his holdings.

Most of the pieces from his trove of 20th and 21st century art are being offered privately, but some may come to auction, according to people with knowledge of the matter, who asked not to be identified because the information is private.

A spokeswoman for Perelman declined to comment on the sales.

Ronald Perelman

At least some of the proceeds will be ...