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While this seems to be about beating a dead horse into the ground, the entire exercise is a race between New York and the Federal Government to audit the estate of the dead perv, specifically looking at 1031 transactions, a form of barter used in real estate that no longer extends to art as a result of the Trump tax code overhaul. 75D94A07 C73A 40DC 9695 434E6B4CEDCD

Sotheby’s and Christie’s are the targets of subpoenas issued by prosecutors in the US Virgin Islands as part of an ongoing investigation into Jeffrey Epstein, the convicted sex trafficker who died by suicide in a Brooklyn jail in August 2019.

The subpoenas demand that the auction houses turn over documents relating to Epstein’s art purchases. A third subpoena, sent to a firm called the Chicago Deferred Exchange Company, also focuses on his art trades. The news was first reported by Chris Spargo in OK! magazine.

Read more on Artnet:

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