Epstein Secrets

r Gray cti Date: Wed, Oct 12, 2016 at 4:31 PM Subject: RE: 1031 exchanges To: "jeffrey E." <jeevacation :mail.com> Cc: Brad Wechsler Castrucci , Joe Avantario Richard Joslin Attached are the revised spreadsheets showing the income and sales tax consequences if the 1031 exchanges are successful and if they

fore being sold. The Braque is owned by Narrows Holdings LLC (and is collateral on the Bank of America loan), so it would have to be distributed by Narrows to Leon and then contributed by Leon to the 2011 LLC in exchange for membership interests in the LLC. As indicated above, AP Narrows and the LDB 20

et sale price for the Giacometti is $30 million and the purchase price of the Cezanne figure study is also $30 million. The first columns on the AP Narrows spreadsheet show the basis in the Giacometti, the gain that would be deferred in an exchange and the NY sales tax that would be sheltered by operati

heller without a fully fleshed out plan in place and even then it should be you. Date: Wed, Nov 11, 2015 at 10:59 AM Subject: To: Richard Joslin Joe Avantario >, Brad Wechsler lets calculate the exact payoff amount for the leon note as of nov 30 ,DEC I , dec 31. I) does art space get folded in to phaidon

ent has no money. I think this is a valid concern and that we should agree to it. However, Ada just reminded me that it is possible that Narrows/AP Narrows (really, Leon's) agreeing to effectively guarantee payment by the assignee might be considered a gift to the assignee. In the discussions with Alan

a, the kids, or family trusts including APOI and APO2. Gagosian wants us to agree that, if Narrows/AP Narrows assigns the agreement to someone else, Narrows/AP Narrows "shall not be discharged from its liabilities under this Agreement and shall remain primarily liable to Seller." Larry is concerned that

: Heather Gray < To: "Jeffrey Epstein Ocevacation(a:email.com)" <jeevacationggmail.com> CC: Brad Wechsler < , John Castrucci Richard Joslin < >, Joe Avantario Subject: 1031 exchanges Date: Wed, 12 Oct 2016 17:16:41 +0000 Attachments: AP_Narrows_LLexchangejwith_both_options)_10.12.16.pdf: LDB 2011 LLC ex

show this proposed exchange. If a buyer is not found for the Mondrian, the LDB 2011 LLC has identified a Schiele (the same one identified on the AP Narrows exchange above), a Picasso (Nue Endormie) and a Braque (Le Gueridon) as alternative works to be potentially used in the exchange in the combinations

to:[email protected] Sent: Wednesday, October 12, 2016 1:27 PM To: Heather Gray <Ma Cc: Brad Wechsler a John Castrucci c :2; Richard Joslin ; Joe Avantario Subject: Re: 1031 exchanges you need to include taxes owed on transaction, if no 1031 On Wed, Oct 12, 2016 at 1:16 PM, Heather Gray < > wrote: H

et sale price for the Giacometti is $30 million and the purchase price of the Cezanne figure study is also $30 million. The first columns on the AP Narrows spreadsheet show the basis in the Giacometti, the gain that would be deferred in an exchange and the NY sales tax that would be sheltered by operati