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The collectors Peter and Jill Kraus in their apartment with Pope.L s Sunny Day White Power. Speculative buyers are flocking to crypto art while blue-chip collectors are holding back, fearing legal gray areas and copyright issues. Via Peter Krauss via The New York Times. by Zachary Small (NYT NEWS SERVICE) .- A handful of auctions this month testing the appetite for a type of investment known as NFTs seemed likely to prolong the nascent fad for ownership of works that exist only in the digital world. Missing from those transactions, however, were the blue-chip collectors who typically drive the art markets sales. Industry experts have observed a growing wedge between a new generation of digital speculators and an older school of art collectors who say their concerns about the quality, ownership and authenticity of NFTs have gone unresolved, even as their fears of legal challenges grow. More than a dozen collectors int ....
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Apr 29, 2021, 10:59 AM facebook email Samsung Chairman Lee Kun-hee left his heirs a fortune of almost $21 billion after he died in October last year of a heart attack. Jung Yeon-je/AFP/Getty Images Samsung s Lee Family has found a way to pare down their massive $10.78 billion inheritance tax bill. The Lees are unloading a treasure trove of 23,000 art pieces, including Picassos and Dalis. The art, worth some $1.8 billion, will be donated to South Korean national museums. The family of late Samsung Electronics chairman Lee Kun Hee is donating a treasure trove of around 23,000 art pieces to South Korean museums, to shave a healthy sum off the massive tax bill they need to pay off within five years. ....
The family that owns Samsung is donating a treasure trove of art, including Picassos and Dalís, in an attempt to cut their massive inheritance tax bill msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.