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This fall, a foundation established by CBS founder William Paley....

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wants to auction off a collection of works of art that have been

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on long-term loan to the Museum of Modern Art in New York for at

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at least $70 million to increase the museum's digital presence.

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Since Mr. Paley passed away in 1990, the paintings and sculptures

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by artists including Picasso, Renoir, and Rodin have been 

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in the custody of MoMA. His namesake organization said on Tuesday that Sotheby's 

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would be handling the auction of 29 of his 81 pieces at MoMA.