Art: Dealer's Choice

In his 55 years as a canny and tasteful buyer and seller of art, Paul Rosenberg has made a fortune. Unlike those dealers who consider it unethical to buy anything for themselves, he has also amassed for his own enjoyment one of the world's finest private collections of modern French art. Last week Rosenberg's personal trove was on public view for the first time.

Crowded into two rooms of his elegant new Manhattan gallery were 89 pictures, most of them by three artists—Pablo Picasso, Georges Braque and Henri Matisse —whom Rosenberg has helped make famous in the past half century (and who...

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