EFTA01154790.pdf

Heather L. Gray EXPERIENCE Sotheby's, Inc. 2008 - Present Associate General Counsel, Vice President - Legal, New York 2012 - present o Dedicated lawyer for Sotheby's Private Sales department, responsible for negotiating and drafting all contracts for S2 selling exhibitions and high value private sales. o Key senior member of four lawyer team responsible for all transactional legal services for Sotheby's North America, with a particular emphasis on negotiating and drafting consignment, enhanced hammer, guarantee and irrevocable bid agreements. o Legal oversight of and development of best practices for the Valuations and Trusts & Estates departments, including sole responsibility for all interaction with the IRS. o Valued as an expert resource on Art Law and Trusts & Estates by the most important clients of Sotheby's and their lawyers, bankers and art advisors. o Integral in structuring selling exhibitions and strategizing new business opportunities in the private sale arena. o Oversight of junior lawyers and legal assistants on transactional team and mentor to junior colleagues in other departments. Vice President - Trusts & Estates, New York & Los Angeles 2008 - 2012 o Drove business development opportunities for Sotheby's by actively soliciting consignment and appraisal business in the Tri-State area and on the West Coast. o Crafted proposals and led client presentations, negotiated deal terms and consignment agreements and supervised high value trust and estate consignments. o Presented continuing legal education programs on Art Law and lectures on the art market to organizations nationwide. o Made in-house presentations on the impact on our business of changes in the tax laws to Sotheby's art experts and senior business executives. o One of 18 Sotheby's staff members selected to participate in a leadership development program created and delivered by the Center for Creative Leadership (CCL). Sidley Austin LLP 1999 - 2008 Counsel - Trusts & Estates, New York (Associate, 1999 - 2006) o Advised high net worth individuals on all aspects of estate and tax planning with a special emphasis on planning for art and collectibles, including charitable planning and the creation of private museums. o Supervised estate administration from probate through successful conclusion of IRS audits, including representation of clients before the IRS Art Advisory Panel. o Represented world's top art collectors and dealers on complex and high value art purchases and sale. o Structured Internal Revenue Code Section 1031 tax-free exchanges of art. o Counseled well-known artists on gallery representation, copyright issues, commissioned works and the creation of authentication committees by artist's estates. o Negotiated high value auction consignment agreements with special terms such as guarantees, enhanced hammer and advances with Sotheby's, Christie's and Phillips. Page I of2 EFTA01154790 Lefltoff, Duncan, Grimes, McSwain & Hass, M. 1997 - 1999 Associate - Trusts & Estates, Atlanta o Presented analysis of capital gains tax law changes to 150 clients at firm-sponsored conference. o Prepared estate planning documents and estate and gift tax returns for high net worth clients. o Authored private letter ruling request which was adopted by the IRS. EDUCATION New York University School of Law, New York LL.M. in Taxation, 1997 Stetson University College of Law, St. Petersburg, Florida J.D., CUM laude, 1995 Notes and Comments Editor, Stetson Law Review Publication: Note, Carlton v. United States: An Analysis of Retroactive Tax Legislation, 24 STET. L. REV. 765 (1995). Stetson University, Deland, Florida B.A. in Political Science, 1992 Art Education: British Museum, Asian Art History Program, London, 2006-2007 Recent Speaking Engagements The grey zone — Art of the Holocaust, Private Client Forum, Sonoma, California That's Pretty - Which Way Up Does It Go? International Bar Association, London Estate Planning and Practical Issues for Collectors, New York City Bar Association, New York What Every Estate Planner Needs to Know about Art Law, InterActive Legal Webinar Art & Taxes, Sotheby's Institute of Art, New York Affiliations Former Secretary, Art Law Committee, New York City Bar Association Member, Entertainment, Sports & Art Law Section, New York State Bar Association Member, Trust & Estates Section, New York State Bar Association Member, International Bar Association Page 2 of2 EFTA01154791