Epstein Secrets

APO-01, so it would have to be distributed to the LDB 2011 LLC before 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 th

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

APO-01, so it would have to be distributed to the LDB 2011 LLC before 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 th

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

APO-01, so it would have to be distributed to the LDB 2011 LLC before 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 th

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

on pay from narrows. we doont have to decide until title tranfers. On Mon, May 11, 2015 at 10:32 AM, Heather Gray < > wrote: It's true that under the Bank of America loan/pledge documents, we are required to notify the bank if Narrows transfers/sells/assigns any of the art that it owns, so we would be required to

with the understanding that if AP Narrows is up and running before the next installment payment (on June 30, 2015) and Leon wants the Picasso in AP Narrows, we can assign the contract to AP Narrows at that time and have it repay Narrows the $23 million. Do you agree that Narrows Holdings should make th

11, 2015 at 10:32 AM, Heather Gray < > wrote: It's true that under the Bank of America loan/pledge documents, we are required to notify the bank if Narrows transfers/sells/assigns any of the art that it owns, so we would be required to notify the bank if we moved the Picasso out of Narrows and into AP

y E. <[email protected]> CC: Brad Wechsler Subject: RE: buyer of Picasso - question Date: Mon, 11 May 2015 14:32:37 +0000 It's true that under the Bank of America loan/pledge documents, we are required to notify the bank if Narrows transfers/sells/assigns any of the art that it owns, so we would be required to

bra, the kids or trusts for any of their benefit. I think we should have Narrows Holdings make the first payment, with the understanding that if AP Narrows is up and running before the next installment payment (on June 30, 2015) and Leon wants the Picasso in AP Narrows, we can assign the contract to AP

uestion Date: Mon, 11 May 2015 14:32:37 +0000 It's true that under the Bank of America loan/pledge documents, we are required to notify the bank if Narrows transfers/sells/assigns any of the art that it owns, so we would be required to notify the bank if we moved the Picasso out of Narrows and into AP

ld Master drawings from Sotheby's = $36,745.31— paid by Leon Pontormo from Katrin Bellinger - $8,250,000 &#=211; paid by Leon (from the draw down on the Bank of America loan) von Miens and Rubens from Christie's - $2,284=197.50 - paid by Leon (from part of the draw down on the Bank of Ame=ica loan) I'll send you a

ransfers ownership of these works from him to Narrows if you would like.&=bsp; Depending on how much art Leon individually wants to contribute to AP=Narrows, however, we may want to leave these works in Leon's name. 2. Y=s, Rich keeps track of all of these purchases, domestic and international,=and mak

uestion to JEE so as =o clarify 1)&n=sp; Going forward =#8211; which entity should be purchaser fo fine art: AP Narrows or N=rrows LLC? (You noted Narrows but want to make sure which Narrows en=ity) 2)&n=sp; There has been=instruction to transfer recent acquisitions from LOB to Narrows=/span> a. &nbs

APO-01, so it would have to be distributed to the LDB 2011 LLC before 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 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

APO-01, so it would have to be distributed to the LDB 2011 LLC before 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 EFTA00815395 Narrows to Leon and then contributed by Leon to the 2011 LLC in exchange for membership

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

y, J=ne 30th. I recommend that we handle this payment the same way=we did the first payment — that is, have Leon draw the entire $34.5 =illion from the Bank of America line, transfer the funds to Narrows Holdin=s LLC, and then have Narrows make the payment to Gagosian. Okay with you? Thanks, Heather Heather Gra

payment — that is, have Leon draw the entire $34.5 =illion from the Bank of America line, transfer the funds to Narrows Holdin=s LLC, and then have Narrows make the payment to Gagosian. Okay with you? Thanks, Heather Heather Gray Elysium Management LLC 445 Park Avenue Suite 1401 New York, New Yo