📄 Extracted Text (1,246 words)
Estate of Elkins v. C.I.R., 140 T.C. No. 5 (2013)
140 T.C. 86, Tax Ct. Rep. (CCH) 59,471, Tax Ct. Rep. Dec. (RIA) 140.5
55 Graves, Nancy Omon (Series E) 1976 3,000
(Wax crayon on paper, 35-
x 47-1/4- )
56 Meadmore, Clement Untitled, 1992 (Bronze, 3,000
Height: 8-1/2")
57 Noland, Kenneth Hand Painted Bookcover, 2,000
1977 (Acrylic on canvas,
11" x 12")
58 Hamilton, Juan Abstract Form # 52, 1975 1,75 0
(Height: 14-1/2")
59 Love, Jim Monday Morning: What 1,200
to do ... What to do, 1992
(Welded Steel, 8- x
60 Love, Jim Looking for Santa Claus 1,200
(welded steel, 9—3/3" x 8")
61 Stella, Frank Pastel Stack, 1970 (28" x 900
41")
62 Fuller, Sue String Composition # 213, 750
1963 (Nylon & Saran
thread with Plexiglas, 36" x
36")
63 N/A Sepik River Carved 250
Polychrome Wood Mask,
20th Century (Height: 64";
Width: 22")
64 N/A Sepik River Carved and 100
Polychrome—Painted
Wood Shield, 20th Century
(Height: 69-1/2"; Width:
14")
Total 24,580,650
*138 APPENDIX B
Nash Artist Title/year Option 1 Option 2 Concluded Fair market
category discount discount discount value of interest
I Johns, J. Figure 4, 1967 71.72% 70.31% 70.31% $1.735.188
I Pollock. J. Untitled, Number 51.69% 59.68% 51.69% 1,449.210
21. 1949
I Moore, H. Two-Piece 51.69% 66.89% 51 .69% 966.140
Reclining Figure
No. 3, 1961
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EFTA01194324
Estate of Elkins v. C.I.R., 140 T.C. No. 5 (2013)
140 T.C. 86, Tax Ct. Rep. (CCH) 59,471. Tax Ct. Rep. Dec. (RIA) 140.5
Francis, S. Green Gold, 1956 65.78% 68.95% 65.78% 624.926
I Motherwell, R. Elegy to Spanish 65.78% 84.64% 65.78% 374.956
Republic # 134,
1976
II Twombly, C. Untitled. 1971 71.08% 84.64% 71.08% 316.948
II Hockney. D. Pool on Sprayed 71.08% 100.00% 71.08% 190.169
Blue Paper ...
1978
III Bravo, C. Blue and Brown 79.74% 100.00% 79.74% 140.640
Package. 1971
III Bravo, C. Wrapped Canvas, 79.74% 100.00% 79.74% 140.64 0
1973
II Kelly. E. Yellow Panel. 71.08% 67.43% 67.43% 190.350
1985
II Moore. H. Standing Figure 71.08% 75.70% 71.08% 126.779
(Internal Form)
II Cezanne. P. Pot de geraniums, 71.08% 79.90% 71.08% 116.214
ca. 1885
II Soulages. P. 8 June 61.1961 71.08% 80.00% 71.08% 116.214
II Magritte, R. La lecon des 71.08% 91.19% 71.08% 95,084
tenebres. 1964
II Picasso. P. Baigneuse 71.08% 96.83% 71.08% 86.7 70
debout. 1925
II Albers, J. Study for Homage 71.08% 98.98% 71.08% 84,519
to a Square in
White Light, 1968
II Johns, J. Three Flags, 1977 71.08% 98.98% 71.08% 84,519
11 Hofmann. H. Adagio. 1962 71.08% 100.00% 71.08% 79.2371
II Louis. M. Delta Epsilon, 71.08% 100.00% 71.08% 79,237
1960
II Ernst. M. The Elements .... 71.08% 100.00% 71.08% 73,954
1962
II Moore. H. Family Group, 71.08% 100.00% 71.08% 73,954
1944
II De Kooning. Woman in a 71.08% 100.00% 71.08% 63,390
W. Garden, 1968
II Louis. M. Achenar, 1962 71.08% 100.00% 71.08% 46,486
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EFTA01194325
Estate of Elkins v. C.I.R., 140 T.C. No. 5 (2013)
140 T.C. 86, Tax Ct. Rep. (CCH) 59,471. Tax Ct. Rep. Dec. (RIA) 140.5
II Moore, H. Working Model 71.08% 100.00% 71.08% 42,260
for Thin Reclining
Figure, 1978
II Frankenthaler. Fathom. 1983 71.08% 100.00% 71.08% 38,034
H.
III Bravo, C. Silver and Gold, 79.74% 100.00% 79.74% 44.41 3
1972
III Rickey. G. Untitled (Open 79.74% 100.00% 79.74% 44,413
Rectangles),
ca.1985
III Botero, F. Parrot. 1981 79.74% 100.00% 79.74% 29,608
III Kline. F. The Hill. 1959 79.74% 100.00% 79.74% 29,608
III Hofmann. H. Untitled (M-418), 79.74% 100.00% 79.74% 22,206
1964
III Olitski. J. Carnegie Hall. 79.74% 100.00% 79.74% 22,206
ca.1962-64
III Hockney. D. Nichols Canyon 79.74% 100.00% 79.74% 20,726
Road. Hollywood
Boulevard, 1979
III Heizer. M. Untitled. ca.1985 79.74% 100.00% 79.74% 14,804
III Di Suvero. M. Untitled. ca.1968 79.74% 100.00% 79.74% 13.3 24
III Bertoia, H. Sunburst, 1972 79.74% 100.00% 79.74% 11,843
III Frankenthaler, Untitled. ca.1975 79.74% 100.00% 79.74% 8.883
H.
III Bertoia, H. Untitled (Sounding 79.74% 100.00% 79.74% 7.402
Sculpture), 1968
III Motherwell, R. In green with Two 79.74% 1 00 .00% 79.74% 7.402
Scarlet Spots.
1967
III Held. A. North by 79.74% 100.00% 79.74% 6,2 18
Northwest, 1973
III Hofmann. H. Untitled. 1949 79.74% 100.00% 79.74% 5.922
III Dine. J. Tie. 1961 79.74% 100.00% 79.74% 5.181
III Bertoia, H. Untitled 79.74% 100.00% 79.74% 4.441
III Frankenthaler, Canal Street VIII, 79.74% 100.00% 79.74% 3.701
H. 1987
III Craig—Martin. Safety Pin, 79.74% 100.00% 79.74% 3.257
M. ca.1990
WestlawNex! © 2014 Thomson Reuters. No claim to original U.S. Government Works.
EFTA01194326
Estate of Elkins v. C.I.R., 140 T.C. No. 5 (2013)
140 T.C. 86, Tax Ct. Rep. (CCH) 59,471. Tax Ct. Rep. Dec. (RIA) 140.5
Ill Hofmann. H. Untitled (N-677— 79.74% 100.00% 79.74% 2.961
2), 1956
III Hofmann. H. Fluse # 12 (M- 79.74% 100.00% 79.74% 2.961
1351),1962
III Nagare, M. Destination, 1996 79.74% 100.00% 79.74% 2.665
III Motherwell, R. Je t'aime avec 79.74% 100.00% 79.74% 2.221
noir, 1978
III Graves. N. Four Times Four, 79.74% 100.00% 79.74% 1,184
1977
III Hofmann. H. Untitled. 1954 79.74% 100.00% 79.74% 888
II Frankenthaler, Thanksgiving Day. 79.74% 100.00% 79.74% 592
H. 1980
III Frankenthaler, Thanksgiving Day. 79.74% 100.00% 79.74% 592
H. ca.1980
III N/A Japanese Painted 79.74% 100.00% 79.74% 592
and Silvered
Paper Four—
Panel Screen,
3d Quarter. 19th
Century
III Frankenthaler, Hand Painted 79.74% 100.00% 79.74% 518
H. Book Cover # 11.
1970
III Graves. N. Omon (Series E). 79.74% 100.00% 79.74% 444
1976
III Meadmore, C. Untitled. 1992 79.74% 100.00% 79.74% 444
III Noland. K. Hand Painted 79.74% 100.00% 79.74% 296
Bookcover, 1977
III Hamilton, J. Abstract Form # 79.74% 100.00% 79.74% 259
52. 1975
III Love, J. Monday Morning: 79.74% 100.00% 79.74% 178
What to do ...
What to do, 1992
III Love, J. Looking for Santa 79.74% 100.00% 79.74% 178
Claus
III Stella, F. Pastel Stack, 79.74% 100.00% 79.74% 133
1970
Ill Fuller, S. String 79.74% 100.00% 79.74% 111
Composition #
213, 1963
WestlawNext © 2014 Thomson Reuters. No claim to original U.S. Government Works.
EFTA01194327
Estate of Elkins v. C.I.R., 140 T.C. No. 5 (2013)
140 T.C. 86, Tax Ct. Rep. (CCH) 59,471, Tax Ct. Rep. Dec. (RIA) 140.5
III N/A Sepik River 79.74% 100.00% 79.74% 37
Carved
Polychrome
Wood Mask. 20th
Century
III N/A Sepik River 79.74% 100.00% 79.74% 15
Carved and
Polychrome—
Painted Wood
Shield. 20th
Century
VALUES OF DECEDENT'S INTERESTS
*139 APPENDIX C
IN THE 64 WORKS OF ART FOR
FEDERAL ESTATE TAX PURPOSES
Item Artist Title/year Decedent's pro rata share Fair market value of
of stipulated fair market decedent's interest
value' after application of 10%
discount
1 Pollock. Jackson Untitled. Number 21. 1949 $3.000.000 $2.700.00 0
2 Moore, Henry Two—Piece Reclining 2.000.000 1.800,000
Figure No. 3, 1961
3 Picasso, Pablo Baigneuse debout, 1925 300.000 270,000
4 Johns, Jasper Figure 4, 1967 5.844.400 5.259.960
5 Francis. Sam Green Gold, 1956 1.826.375 1.643.738
6 Motherwell, Robert Elegy to Spanish Republic 1.095.825 986.243
# 134, 1976
7 Twombly, Cy Untitled, 1971 1.095.825 986.243
8 Hockney. David Pool on Sprayed Blue 657.495 591.746
Paper ... 1978
9 Kelly, Ellsworth Yellow Panel. 1985 584.440 525.996
10 Moore, Henry Standing Figure (Internal 438.330 394.497
Form)
11 Cezanne, Paul Pot de geraniums, ca. 1885 401.803 361.623
12 Soulages, Pierre 8 June 61, 1961 401.803 361.623
13 Magritte. Rene La lecon des tenebres, 328.748 295.873
1964
14 Albers, Joseph Study for Homage to a 292,220 262.998
Square in White Light, 1968
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EFTA01194328
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EFTA01194324
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