AO Newslink

July 23rd, 2012

The New York Times reports on the strange case of Robert Rauschenberg‘s Canyon and the legal dispute involving the heirs of Ileana Sonnabend, the famed art dealer and previous owner. Because Canyon features a dead bald eagle, the current owners are unable to sell the Rauschenberg due to the 1940 Bald and Golden Eagle Protection Act. Although, due to its selling restriction, the work has been appraised at zero dollars, the IRS insists on taxing the family $29 million.

Read the article via The New York Times