Markets in everything: 8 year old child custody for two Damien Hirsts edition

by on November 12, 2009 at 11:15 am in Law, The Arts | Permalink

Kapernekas, a 49-year-old New York art dealer filed a suit
in federal court in Manhattan claiming an interest in the two
Hirsts, which have been valued at an estimated $47.6 million,
court documents show. The custody suit, involving their 8-year-
old daughter, was being heard in New York County Family Court.

Kapernekas has agreed to drop the federal suit and claims
on the Hirsts in exchange for: custody of their daughter
(Brandhorst gets visitation and vacation rights); a one-time
payment of $100,000; a $500,000 trust for the daughter’s
education; a loft on Wooster Street in Manhattan’s Soho district
valued at about $5 million to be held in the daughter’s name as
sole owner; $5,000 a month in child support; and $640,000 to
cover Kapernekas’s legal expenses, according to Kapernekas.

The full story is here and the pointer is from Felix Salmon.  Felix writes:

Need I add that one of the Hirsts is entitled “In this terrible moment
we are victims clinging helplessly to an environment that refuses to
acknowledge the soul”?

1 Greg November 12, 2009 at 3:21 pm

Anyone care to figure out what the clearing price was? Too complicated for me right now.

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