In what is being viewed as a victory for art collectors looking to dodge or minimize estate taxes, a US Appeals court agreed that shared ownership of a multi-million dollar blue chip art collection—also known as a “fractional interest”—entitled a Texas family to a substantial tax break when it came to settl Read more..
Barbara B. Allbritton has sued the United States Internal Revenue Service (IRS) with the intention of recouping $40.6 million in taxes she and her family paid following the death of her husband, millionaire media mogul and banker Joe L. Allbritton in 2012.
A “notice of deficiency” was delivered to Allbritton in 2013 related to what the IRS termed “taxable Read more..
[caption id="" align="aligncenter" width="301"] Edgar Degas’ Le Petite Danseuse[/caption]
The insurance company Lloyd’s has claimed in court that it won’t pay for an insured Edgar Degas sculpture, purported to be worth $3 million, which disappeared in shady circumstances.
“The claim of the loss of Degas bron Read more..
Steve Lazarides is innately skilled at promotion. His career as a gallerist was for a decade intertwined with the artist Banksy—initially promoting and producing screenprints for Banksy and his imprint Pictures on Walls, before representing the artist as a gallerist. Lazarides’s gallery is now the definitive space for artists who have largely emerged from a Read more..
[caption id="" align="aligncenter" width="500"] Keanu Reeves[/caption]
Keanu Reeves, the mega movie star best known for his role as Neo in sci-fi classic The Matrix, gave a talk at Switzerland’s Fondation Beyeler on Paul Gauguin. Although his acting may be one-dimensional, his interests certainly are not. Reeves is also a musician (see bands Dogstar Read more..
[caption id="" align="aligncenter" width="639"] Gianfranco Becchina[/caption]
A joint investigation involving Swiss and Italian police has uncovered a massive Swiss-Italian antiquities smuggling ring. Police seized 5,361 vases, bronze statues, and frescoes worth an estimated €50 million ($58 million) dur Read more..
A canvas promoted as possibly Caravaggio’s first failed to find a buyer today at a grim Old Masters painting sale at Christie’s New York. Inflated estimates, a dearth of high-quality work, and a fall in the value of the Euro, according to several dealers present, Read more..
[caption id="" align="aligncenter" width="320"] George Bellows Miss Betham[/caption]
DISCLAIMER: WITHOUT INFRINGING ON COPYRIGHT LAW, THERE WAS NO WAY TO SHOW YOU THE DRAWING FROM THE STUDENT, THE SEX OFFENDER, OR ANY O F THE LURID IMAGERY OF THIS STORY, SO WE PICKED AN REALLY UGLE PAINTING AS A STAND-IN. AND PLEASE, IF YOU FIND THIS IMAGE WONDERF Read more..