To: Jeffrey E.[jeevacation@gmail.com]; lawrence delsoni
From: Richard Joslin
Sent: Tue 5/27/2014 1:21:50 PM
Subject: Bloomberg News: Lund Painting Sold for 1,500% Gain as Art Flippers Return
LDB purchased a Grotjahn's in March as did the 1997 Trust — approx. $300K each
"The highest price for a flipped work last week belongs to a 2011 painting by Mark Grotjahn,
"Untitled (In and Out of the Darkness Face 43.01)," which sold for $6 million. In October 2011,
the work made news by fetching $1million at a benefit gala for TWO x TWO for AIDS and Art, an
annual auction in Dallas that raises money for the Dallas Museum of Art and for AIDS research."
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