EFTA Document EFTA01459199

a "similar sized work from the same series," sold for $825,000. The Estate's expert determined the fair market value of the Dubuffet to be $500,000. For purposes of the notice of deficiency, the IRS valued the Dubuffet at $750,000, as of the date of death. At trial, the IRS's expert had raised the value of it to $900,000. The Court's Considerations and Opinions In assessing the veracity of the various experts' value determinations, the Newberger Court examined the economic conditions as of