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Ms. Freedman testified that she, Mr. Mirvish and Knoedler jointly bought the work for "somewhere over $2 million".
Colony Capital and Mr Arnault jointly bought a stake in the firm in 2007 when its share price was 58% higher than today.
The 1971 painting, Bouquet de giroflées [wallflowers], was jointly bought in 2017 by Alon Zakaim, Hugh Gibson and David Breuer-Weil for $1 million.
An example may illustrate how this new tax works: Harvey and Wendy, a married couple filing jointly, bought their home in 2003 for $500,000.
Still, within a year they'd become romantically entangled, and had jointly bought a house for $55,000 — before ever living together.
In May, Canal Plus and TF1 jointly bought the minority stake in Eurosport held by ESPN for $155 million after ESPN decided to establish its own European brand.
Similar(42)
It provides a dedicated person to help parents identify and jointly buy short breaks and leisure activities.
Mr. Macy and Mr. Gimbel shake hands and jointly buy an X-ray machine for a needy health care facility.
Mr. Kravis and Mr. Bryant agreed to jointly buy the works in 2008, with the intention of eventually donating the paintings to the museum.
And over the past two years, they have merged their possessions and their lives, reconfiguring the studio and jointly buying many pieces of furniture and original works of contemporary art.
The companies said they would jointly buy infrastructure and equipment for customers and develop wireless service platforms and services for multinational companies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com