RE: Re:

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

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

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

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

also would be nice to get an insurance figure on a 100 million dollar PLASTER

Get an insurance figure meaning have Christie's give us an insurance value for it? I'd be very, very concerned about them keeping it confidential... Can we wait until Leon takes possession of it in February 2016? Until then, Larry is insuring it for the full purchase price.