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sole discretion, as opposed to a direct application of this
formula. Trump's payment of the comps to petitioner was
discretionary.
A summary of petitioner’s comps is as follows:
1987
Automobiles.................... $319,300
Vacations...................... 48,778
Jewelry........................ 75,200
443,278
1988
Automobiles and accessories.... 872,920
Vacations...................... 55,560
Jewelry........................ 46,512
974,992
1989
Automobiles and accessories.... 806,858
Premium champagne.............. 40,020
Entertainment tickets.......... 279,978
1,126,856
The automobiles and accessories included five Rolls Royces
with an aggregate value of $916,300, three Ferraris with an
aggregate value of $731,400 (exclusive of additional accessories
of $14,875), one Bentley Corniche valued at $212,000 (exclusive
of a $1,890 phone installed therein), one Mercedes Benz valued at
$60,583, automobile repairs of $12,740, a $14,310 payment by
Trump so that petitioner could trade a Bentley for a Rolls, and a
$34,980 payment by Trump so that petitioner could trade a Bentley
Turbo for a Bentley Corniche. The vacations included five
European vacations with an average value of $17,568 and one
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