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”?

Greg November 12, 2009 at 3:21 pm

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

Comments on this entry are closed.

Previous post:

Next post: