Aby Rosen To Pay $7 Million In Tax Settlement On Art Purchases

Forbes | Ashlea Ebeling:

In an art world upset, New York attorney general Eric Schneiderman announced a high-profile sales and use tax settlement with contemporary art collector and real estate developer Aby Rosen who agreed to pay $7 million. That’s roughly the 8.875% New York tax bill on $80 million of art sales… Read more

Image: 5 March 2005 – New York City – Damien Hirst’s sculpture ‘The Virgin Mother’. The 12 ton, 35 feet tall work of art was installled today in the courtyard of Lever House on Park Avenue. The piece coincides with the opening of his new exhibition at Gagosian Chelsea.
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