Patricia Cohen reports that there's been a (very sensible) settlement in the Rauschenberg bald eagle case: "the I.R.S. dropped the [$41 million] tax assessment; in exchange, the family was
required to donate [the work] to a museum where it would be publicly
exhibited and claim no tax deduction."
UPDATE: The Art Market Monitor: "a reminder that real value in art history doesn’t come in market denominations."
