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Fire Sale!

Beleaguered billionaire and Curbed Hamptons favorite Stephen A. Cohen is selling artwork next month, ahead of his possible civil settlement with the SEC for a reported $1.4B (or so). (His company, SAC Capital Advisors, is alleged to have perpetrated the biggest insider-trading scheme in history.) Up for auction at Sotheby's is the beautiful "Liz #1 (Early Colored Liz)," by Andy Warhol, as well as another Warhol and a Gerhard Richter abstract. [Curbedwire]