Basquiat
I am sure this is a problem most of us would love to be facing … a profit of $85 million and the taxes we will have to pay. There is a big assumption here: an 2009 estate valuation of $13.5M … if it was not that large, Uncle Sam will be looking for more! Better get ready to write a BIG check … is there enough room to write that many zeros?
Source: How to Handle the $85 Million Gain From That Basquiat Windfall – Bloomberg