But RadarOnline.com told you first about the disgraced comedian's need to pay his high-priced attorneys who defended him in his sickening sexual assault case.
Cosby and Camille unloaded a work entitled "Going West," by famed American regionalist painter Thomas Hart Benton earlier this year, according to reports.
Also, according to Bloomberg, the Cosbys pledged a second Benton painting, "The Instruction," as collateral for a loan from a finance firm specializing in art.
Although the price they received hasn't yet been discovered, the estimated value of the Benton paintings are a staggering $12-14 million dollars.
"Going West" is now up for sale at Morse's Granary Gallery on Martha's Vineyard, Massachusetts, according to Bloomberg.
RadarOnline.com already reported last year that Cosby was peddling his African art collection and other assets in a desperate rush to get liquid, sources said.
According to an insider, Cosby was buried under a $40 million mountain of legal bills and IOUs — and now, the tally is likely more.
The source noted at the time, "Cash-wise, Bill might have about $1 million."
However, the insider swore that Cosby will never sell his beloved private plane.
- Bill Cosby's Rep Responds After Joan Tarshis' Files Assault Lawsuit Against Comedian: 'When is it Going to Stop?'
- Bill Cosby, 86, on 'Fixed Income' and Hopes He Can Leave Behind Enough for His Family Despite Financial Issues
- Exposed! Bill Cosby's Wife Camille Accused of Threatening to Call Cops on Farmer as Financial Woes Mount for Couple
The Cosby Show star, now 81, was sentenced to three to 10 years in prison after being convicted on sex assault charges.
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