<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, April 30, 2015 6:59 PM</td></tr><tr><td>To:</td><td>Heather Gray</td></tr><tr><td>Subject:</td><td>Re: Re:</td></tr></table>

also would be nice to get an insurance figure on a 100 mil=ion dollar PLASTER

On Thu, Apr 30, 2015 at 2:55 PM, Heather Gra <mailto » > wrote:

Still waiting for the Christie =99s rental guy to call me back. I'll call again. Frank=y, I think other collectors are just ignoring/aren't aware of the =ales tax issue. But let's see what the Christie's guy has to sa=.

From: jeffrey E. [mailto:jeevacation@gmail.com)
Sent: Thursday, April 30, 2015 2:49 PM
To: Heather Gray
Subject: Re:

any more info on rental rates , of= the record. if we could get a 1 percent per year or Ies=. it might be worth it. if we can avoid sales tax

On Thu, Apr 30, 2015 at 2:40 PM, Heather Gray < <mailto > &=t; wrote:

Hi Jeffrey,

I'll find someone at Paul Wei=s to discuss this with and will report back. For what it's w=rth, I think he should absolutely be able to do it under the trade-in credit rule= (section 526.5(f) of the Sales and Use Tax Regulations). But I =8011 find out from the PW folks.

Best,

Heather

From: jeffrey E. [mailto:jeevacation@gmail.com]
Sent: Thursday, April 30, 2015 2:34 PM

heather, track down with someone at pw.=C2 whether as opposed to a 1031 leon coudl use other fully =aid for art to avoid sales tax if traded in to gogosian

this would not shelter gain, only limit sales =ax. to picasso minus trade

please no=e

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please no=e

The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved

please =ote

The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved