From: Joe Avantario
Sent: Monday, December 7, 2015 9:33 PM
To: jeffrey E.
Cc: Brad Wechsler
Subject: 2016 sales and use tax projection of 14MM
Jeffrey,
• = Approximately $10MM of the=sales and use tax projected for 2016 is related to the Picasso and will be=paid to
Gagosian Gallery
• = The remaining amount of $4=M is related to various works and is payable to NYS
Joseph Avantario
Elysium Management, LLC
445 Park Avenue Suite 1401, New York, NY 10022 Tel Cell
<mailto
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EFTA_R1_01335326
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