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, 2010, only six months after the date of death, Christie's London sold the painting at auction for $12,927
e) of the artwork up for auction failed to reach its minimum or guaranteed price and was returned to the auctioneer or owner. In 2009 Sotheby's and Christie's, the top artwork auction houses, experienced auction revenue decreases of 53% and 46%, respectively. Lower sale prices and a lack of available, hig
e Motherwell painting, a 66- by 50-inch oil on canvas work created in 1966, was acquired by Ms. Newberger in 1969 for $8,000. Using the 2010 sale of Motherwell's In Black and White No. S (a work similar in size, composition, and date of creation) for $1,426,500 as a comparable, the Estate's valuation expert
e) of the artwork up for auction failed to reach its minimum or guaranteed price and was returned to the auctioneer or owner. In 2009 Sotheby's and Christie's, the top artwork auction houses, experienced auction revenue decreases of 53% and 46%, respectively. Lower sale prices and a lack of available, high
o the auctioneer or owner. In 2009 Sotheby's and Christie's, the top artwork auction houses, experienced au
sale of the Picasso renders their valuation wholly unreliable. ... We agree with [the IRS's] expert." Motherwell Painting In examining the sale of Motherwell's In Black and White No.5 painting some 16 months after the date of death, the Court noted that, at the date of sale, "the artwork market had largely
2, 2010, only six months after the date of death, Christie's London sold the painting at auction for $12,92
e Motherwell painting, a 66- by 50-inch oil on canvas work created in 1966, was acquired by Ms. Newberger in 1969 for $8,000. Using the 2010 sale of Motherwell's In Black and White No. 5 (a work similar in size, composition, and date of creation) for $1,426,500 as a comparable, the Estate's valuation expert
Entities connected to both Chris Christie and Motherwell's

Jeffrey Epstein
PERSONLeon Black
PERSON
Sotheby's
ORGANIZATION
Pablo Picasso
PERSONUntitled
PERSONDubuffet
ORGANIZATIONJacqueline
PERSONRobert Motherwell
PERSONMotherwell Painting
ORGANIZATION
Paul Morris
PERSONLance S. Hall
PERSONBernice Newberger
PERSONNewberger
PERSONTete de Femme
ORGANIZATIONChristie's London
ORGANIZATIONthe Newberger Court
ORGANIZATION