President’s Attack on “Like-Kind” Exchanges Covered in Bloomberg

April 29th, 2015

Roy Lichtenstein, The Ring (Engagement), via Sotheby'sAnother article on the Obama Presidency’s attack on 1031 “Like-Kind” Exchanges is on Bloomberg this week, focusing on collector Steven Edlis and his use of the loophole to acquire works he then donates.  “Stefan Edlis has been generous but many people who will take advantage of this will not be generous,”says critic Robert Storr, dean of the Yale University School of Art.

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