"Certain emails show that Epstein discussed Black's intention to purchase an unnamed Picasso work from Gagosian for $100 million. Epstein raised questions about Gagosian's structure for purchasing artworks. In one 2015 email to Melanie Spinella, seemingly a representative for Black, Epstein writes, "No written contract??!! Fishy to me. Who transfers 100 million dollars overseas without a contract?" Based on the emails, it's not clear if Black went through with the purchase from Gagosian nor exactly which artwork he was seeking to buy."
"ARTnews has reached out to Gagosian for comment. The emails also show that Epstein gave advice on Black's plans for purchasing art from Gagosian more broadly, at one point opining on an apparent strategy by Black that involved assigning purchase agreements to other family members, such as his wife Debra and his children. The emails do not definitively state whether Black ended up implementing that strategy."
Emails written and received by Jeffrey Epstein show he discussed Leon Black's intent to buy a Picasso from Gagosian, possibly for $100 million. Epstein raised concerns about the absence of a written contract and questioned transferring $100 million overseas without one. Epstein also advised on purchasing strategies, including assigning purchase agreements to family members such as wife Debra and children. The messages mention Phaidon and Artspace, with Epstein valuing them at a combined $96 million in 2015. It remains unclear whether the Picasso sale occurred, which specific artwork was targeted, or whether Black implemented the suggested acquisition strategies.
Read at ARTnews.com
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