blockage discount

Art Valuation under New York law -- How low will a court go in applying the blockage discount?

Samantha Evans
May 15, 2008 20:56

In Art Valuation under New York law – How many millions would a court assign to Warhol’s Mao Zedong?, we discussed a legal dispute surrounding Andy Warhol’s estate and the applicability of the “blockage discount” under New York law. This blog posting is a...

Art Valuation under New York law -- How low will a court go in applying the blockage discount?

Samantha Evans
May 15, 2008 20:56

In Art Valuation under New York law – How many millions would a court assign to Warhol’s Mao Zedong?, we discussed a legal dispute surrounding Andy Warhol’s estate and the applicability of the “blockage discount” under New York law. This blog posting is a...

Art Valuation under New York law - How many millions would a court assign to Warhol's Mao Zedong?

Samantha Evans
May 15, 2008 20:50

The famous portrait of Mao Zedong by Andy Warhol will be put up for private sale in Hong Kong at the end of May 2008 and may go for $120 million. See http://economictimes.indiatimes.com/ET_Cetera/Warhols_Mao_portrait_may_fetch_120_mn/articleshow/3016705.cms. Would a court applying New...

Art Valuation under New York law - How many millions would a court assign to Warhol's Mao Zedong?

Samantha Evans
May 15, 2008 20:50

The famous portrait of Mao Zedong by Andy Warhol will be put up for private sale in Hong Kong at the end of May 2008 and may go for $120 million.  See, for example, this article. Would a court applying New York law also value it at $120 million? The answer is, as usual, it...