Wife hung fake Picasso after taking real thing amid contentious divorce

Discussion in 'Wall St. News' started by dealmaker, May 12, 2018.

  1. JSOP

    JSOP

    Kudos to them but still does not mean that one should judge and condemn prostitutions indiscriminately just because other women choose to not to engage in prostitution.
     
    #91     May 14, 2018
  2. Cswim63

    Cswim63

    No one has mentioned the obvious, which is that she's probably a better trader than he is.
     
    #92     May 19, 2018
    Pekelo likes this.
  3. dealmaker

    dealmaker

  4. Pekelo

    Pekelo

    1. There is a difference between a replica and a fakery. All in the signature.
    2. Is your "art" really worth X millions if an enthusiastic amateur can recreate it in a few hours?
    3. Bill already gave it to her anyway, he just got pissed that he was looking at a replica.
    4. If you like a painting for its look, does it matter who painted it?
     
    #94     Jun 19, 2018
  5. dealmaker

    dealmaker

    [​IMG]
    Inside the nasty divorce of bond billionaire Bill Gross
    [​IMG]
    Bill Gross, the world's most famous bond investor, has been mired in a contentious divorce for over two years. Sue Gross, the billionaire's ex-wife, alleges he trashed their $31 million California mansion, killing the plants and putting dead fish in the vents. Bill denies trashing the house. (Business Insider)
     
    #95     Jul 30, 2018
  6. dealmaker

    dealmaker

    “Work where you must, but live and shop in Tustin.”
     
    #96     Jan 4, 2019
  7. dealmaker

    dealmaker

    Rare stamps at center of ‘Bond King’ family feud sell for $1.9M
    By Richard Morgan

    September 27, 2019 | 3:45pm | Updated

    Enlarge Image
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    Robert Miller
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    The 31-year-old son of billionaire “Bond King” Bill Gross has sold five rare postage stamps against his father’s wishes — and bagged nearly $1.9 million in the process.

    The final gavel price for the prized “Inverted Jenny” stamps, however, fell sorely short of the $3.4 million hoped for by Nick Gross, an LA-based rock drummer — and he might have his pop to blame for the missing $1.5 million, sources said.

    As The Post reported earlier this week, the elder Gross — who Forbes estimates is now worth $1.5 billion, even after a headline-grabbing 2016 divorce from Nick’s mother cost him $1 billion — has been fuming over Friday’s auction because he claims his son had no right to sell the stamps.

    Gross claims he gave each of his three kids some priceless “Jennys” seven years ago — but on the condition his grandchildren ultimately inherit them, sources told The Post.

    Earlier this week, lawyers for Gross wrote to the auction house, Spink & Sons, challenging his son’s right to sell the rare stamps. The bond-trading tycoon had even been weighing whether to bid on them himself, insiders said. But source close to Gross denied on Friday that the “Bond King” was a bidder.

    “He’s decided not to pursue this any further at this time,” the source said. “He’s not going to make a capital case out of it.”

    Gross’s letter to the auction house wasn’t a formal cease-and-desist order, so auctioneers moved forward with the sale as planned.

    Nevertheless, the letter may have been enough to scare away bidders, insiders said.

    “The low price could be a function of the dispute over ownership, over questions about title,” according to a source close to the situation.

    A block of four of the prized “Inverted Jenny” stamps — named for a 1918 printing error that pictured a so-called Jenny biplane upside-down — ended up selling for $1.45 million.

    That’s well short of the $2 million to $3 million estimate given by Spink & Sons, the auction house that sold them Friday afternoon.

    The fifth stamp sold for $425,000, within the auction house’s range of $250,000 to $675,000.

    Leading up to the auction, Nick, a drummer for the MTV-featured rock band Open Air Stereo, disputed that his dad put any restrictions on the stamps’ sale.

    “If he would like to have the stamps back, he is welcome to buy them at auction,” Nick told The Post earlier this week.

    see also
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    Billionaire bond king gets into postage stamp feud with rocker son

    In the end, Gross may have ended up pooping his son’s payday, said New York-based lawyer Jason Advocate.

    “No buyer wants to be bogged down in a legal battle with a billionaire after the sale,” Advocate said, noting that the elder Gross “has unlimited resources to bankroll litigation and has a personal and emotional investment in the property.”

    The father and son have been estranged since Sue — Nick’s mother and Bill’s second wife — filed for divorce three years ago after more than three decades of marriage.

    The breakup was overflowing with court-documented hijinks, including Sue accusing Bill of stinking up her house by sticking dead fish in its air vents — and Sue admitting she forged a Picasso the couple once shared so she could keep the original for herself.

    Nick has been so at odds with his dad that he refused to invite the one-time Wall Street icon to his wedding in July 2018.

    Additional reporting by Kevin Dugan
     
    #97     Sep 28, 2019
  8. zdreg

    zdreg

    It is worth what a buyer is willing to pay for it.
     
    #98     Sep 28, 2019
  9. Pekelo

    Pekelo

    So dog, that is a no from me.
     
    #99     Sep 30, 2019
  10. zdreg

    zdreg

    Are you talking about Cramer and Cramer's wife?:D
     
    Last edited: Sep 30, 2019
    #100     Sep 30, 2019