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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
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. is the exchange agent for both exchanges. • If you want to print the spreadsheets, they should be printed on legal paper (my old eyes need large f
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
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. is the exchange agent for both exchanges. • If you want to print the spreadsheets, they should be printed on legal paper (my old eyes need large fo
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
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. is the exchange agent for both exchanges. • If you want to print the spreadsheets, they should be printed on legal paper (my old eyes need large f
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
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. is the exchange agent for both exchanges. • If you want to print the spreadsheets, they should be printed on legal paper (my old eyes need large fo
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
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. is the exchange agent for both exchanges. • If you want to print the spreadsheets, they should be printed on legal paper (my old eyes need large f
Entities connected to both Narrows and Chicago Deferred Exchange Corp.

Jeffrey Epstein
PERSONElysium Management LLC
ORGANIZATIONHeather Gray
PERSONHeather deManbey
PERSON
Brad Wechsler
PERSON
Richard Joslin
PERSON
Pablo Picasso
PERSON
Marc Rich
PERSONAP Narrows LP
ORGANIZATION
Larry Gagosian
PERSONBraque
PERSON
Giacometti
PERSON
Bank of America
ORGANIZATION
Schiele
PERSONCezanne
PERSONPommes
ORGANIZATION
Alcoa
ORGANIZATION
Joe Biden
PERSONNue Endormie
PERSONComposition with Color Planes
ORGANIZATION