- 12 - has failed to aid us in determining the value of the coin ledgers on the contribution date, and we accord his testimony no weight. Austin’s total analysis leading to his opinion that the Chicago Coin Co. papers were worth $20,000 in September 1991 is as follows: “These ledgers are comparable in value to the New Netherlands Coin Company auctioneer's books; they differ in being a record of an earlier period, and a record of the activities of a private company.” We fail to see the alleged correlation between the amount realized for the auctioneer's books and the fair market value of the Chicago Coin Co. papers and therefore attach little weight to Austin’s opinion with respect to the value of the Chicago Coin Co. papers. C. Respondent’s Expert 1. Michael F. Robinson’s Testimony Michael F. Robinson (Robinson), respondent’s expert witness is an appraiser and dealer in manuscripts, autographs, and rare books, who was accepted by the Court as an expert in the valuation of manuscripts and rare books. Robinson prepared a written report that was received into evidence as his expert testimony (the Robinson report). Robinson is of the opinion that the value of the Brand Archive on the contribution date was $75,000. Robinson explains that $75,000 is (1) three times the price paid for Horace’s half of both the coin ledgers and the photocopy ($22,550 x 3 = $67,650) plus (2) $7,350 for “the remaining papers”.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
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