Cohen - who has seen redemptions from his fund as his lawyers reportedly broker a $2 billion deal with the SEC over a years-long insider trading investigation - will put up two major Andy Warhol paintings and an "abstract canvas" by Gerhard Richter, sources told the Times.
The two Warhols, both painted in 1963, are "Liz #1 (early Colored Liz)," an image of Elizabeth Taylor on a bright yellow background estimated to sell for $20 million to $30 million, and "5 Deaths on Turquoise (Turquoise Disaster)," thought to bring in $7 million to $10 million. Sotheby's featured the Warhols last week at the Katara
People familiar with Mr. Cohen's collection said that these paintings were part of a larger group of his works being put up for auction.
In April, Cohen purchased Picasso's "Le Rêve" for $150 million from casino magnate Stephen Wynn. "When you stand in front of it, you're blown away," Cohen told the Times then in a rare interview.
Cohen's fund - which stood at $15 billion at the beginning of the year - could become just a family office once investor money is returned, a process already underway. About $9 billion of assets under management is Cohen's fortune.