Re: Re:

heather, track down with someone at pw.=C2 whether as opposed to a 1031 leon coudl use other fully =aid for art to avoid sales tax if traded in to gogosian

this would not shelter gain, only limit sales =ax. to picasso minus trade

Hi Jeffrey,

I'll find someone at Paul Wei=s to discuss this with and will report back. For what it's w=rth, I think he should absolutely be able to do it under the trade-in credit rule= (section 526.5(f) of the Sales and Use Tax Regulations). But I =8011 find out from the PW folks.

Best,

Heather

any more info on rental rates , of= the record. if we could get a 1 percent per year or Ies=. it might be worth it. if we can avoid sales tax

Still waiting for the Christie =99s rental guy to call me back. I'll call again. Frank=y, I think other collectors are just ignoring/aren't aware of the =ales tax issue. But let's see what the Christie's guy has to sa=.

also would be nice to get an insurance figure on a 100 mil=ion dollar PLASTER