The Wall Street Journal reports:
CUOMO TO SELL MERKIN’S ART
New York Attorney General Andrew Cuomo is selling art owned by financier J. Ezra Merkin in an effort to repay his investors who lost millions in the Madoff fraud.
The sale of several Mark Rothko paintings and Alberto Giacometti sculptures belonging to Mr. Merkin and his wife will yield $191 million for investors.
Mr. Cuomo’s office arranged for the artwork to be sold to an anonymous buyer for $310 million…
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A few more details here.