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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
the LDB 2011 LLC expect to receive for the works being sold. is working on selling the works. • Basis shown is the actual, non-rounded basis. The Schiele was not subject to sales tax when it was purchased, which is why its basis is a round number. • As you will recall, Chicago Deferred Exchange Corp
get 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 operat
efore 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
LLC expect to receive for the works being sold. Lany Gagosian is working on selling the works. • Basis shown is the actual, non-rounded basis. The Schiele was not subject to sales tax when it was purchased, which is why its basis is a round number. • As you will recall, Chicago Deferred Exchange Corp
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
LLC expect to receive for the works being sold. Larry Gagosian is working on selling the works. • Basis shown is the actual, non-rounded basis. The Schiele was not subject to sales tax when it was purchased, which is why its basis is a round number. • As you will recall, Chicago Deferred Exchange Corp
chments to Heather's email below. Haze is just purchasing Giacometti for $25MM and Braque FOR $5MM. Two separate wires - $25MM with reference to AP Narrows for Giacometti and $5MM with reference to LDB 2011 LLC for the Braque. Sent from my iPhone Begin forwarded message: From: Heather Gray Date: Nov
T To: Darren Indyke Cc: jeffrey E. Subject: RE: images div> Hi Darren, Attached for your review are draft Bills of Sale for the Giacometti, the Schiele and the Braque. I need to know the name and address of the buyer for each document, and also where each work will be shipped. Also attached are th
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
LC expect to receive for the works being sold. Larry Gagosian is working on selling the works. • Basis shown is the actual, non-rounded basis. The Schiele was not subject to sales tax when it was purchased, which is why its basis is a round number. • As you will recall, Chicago Deferred Exchange Corp
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
LLC expect to receive for the works being sold. Larry Gagosian is working on selling the works. • Basis shown is the actual, non-rounded basis. The Schiele was not subject to sales tax when it was purchased, which is why its basis is a round number. • As you will recall, Chicago Deferred Exchange Corp
Entities connected to both Narrows and Schiele

Jeffrey Epstein
PERSONElysium Management LLC
ORGANIZATIONHeather Gray
PERSONHeather deManbey
PERSONLeon Black
PERSON
Brad Wechsler
PERSON
Pablo Picasso
PERSON
Marc Rich
PERSON
Richard Joslin
PERSONAP Narrows LP
ORGANIZATION
Larry Gagosian
PERSON
Melanie Spinella
PERSON
Giacometti
PERSONBraque
PERSON
Bank of America
ORGANIZATION
Barry Diller
PERSONCezanne
PERSON
Joe Biden
PERSON
Chris Christie
PERSON
Alcoa
ORGANIZATION