The Vancouver Sun has recently written an article “Blockbuster donation of ‘Michelangelo’ sculptures turns into multi-million-dollar bust: Sotheby’s says tiny terracotta sculptures are worth $200,000 to $300,000, a fraction of their appraised value”. The article discusses the valuation of certain sculptures donated to a Canadian registered charity and using the Cultural Property Export Review board for the donation.
You can read the full story at http://www.vancouversun.com/travel/Blockbuster+donation+Michelangelo+sculptures+turns+into+multi+million+dollar+bust/7875342/story.html
Related Posts
October 22, 2021
Odette case deals with donation of private company shares by estate and CRA denial of donation receipt
There is often confusion in the charity sector about donations of marketable securities vs. donations of private company shares in Canada. There is…
October 19, 2021
New Ontario Business Registry (OBR) launched today
The Ontario government has launched a new modern Ontario Business Registry system today, October 19, 2021. The new Ontario Business Registry offers…
October 19, 2021
The Ontario Not-For-Profit Corporations (ONCA) has officially launched
The long-delayed Ontario Not-for-Profit Corporations Act, 2010 (“ONCA”) has officially come into force today, October 19, 2021. ONCA provides a…