Do BV Methods Apply to Determining Discount for Fractional Interest in Art?

Business Valuation UpdateVol. 13 No. 8
Legal and Court Case Update
August 2007
5999 Miscellaneous Retail Stores, NEC
453920 Art Dealers
estate and gift taxation

Stone v. U.S. (I)
2007 U.S. Dist. LEXIS 38332
May 25, 2007
Federal Court
California
United States District Court
Hoffman (estate); Findlay and Carolan (IRS)
Henderson

Summary

Court considers limits to business valuation “science” for determination of discounted value of fractional interest in art.

See Also

Stone v. U.S. (I)

Court considers limits to business valuation “science” for determination of discounted value of fractional interest in art.