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 <title>NY Observer &gt; Gugg&amp;#039;s IRS</title>
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 <title>Guggenheim Director Selling Loft</title>
 <link>http://www.observer.com/node/33765</link>
 <description><![CDATA[<!--paging_filter--><div style="clear:both;"></div><img style="FLOAT: left; MARGIN: 0px 20px 10px 0px; WIDTH: 260px; CURSOR: hand" alt="" src="http://therealestate.observer.com/krensloft.jpg" border="1" /><a href="http://www.artsjournal.com/man/archives20050701.shtml#101637">Artsjournal.com reports</a> that Guggenheim director Thomas Krens has put his 4,500-square-foot downtown loft on the market for $5.5 million.

<p>And they entertain speculation Mr. Krens is leaving the Guggenheim, pointing to rumors in Artland that he is on the way out at the Guggenheim, and <a href="http://www.vanityfair.com/commentary/content/printables/050711roco02?print=true">Vicky Ward</a>'s recent <em>Vanity Fair</em> account of the Guggenheim saga.</p>

<em>Note those Gehry-designed chairs!</em>

Also, some serious reporting: "According to the Gugg's IRS Form 990 tax filings, the Krens-directed Solomon R. Guggenheim Foundation has carried a a $1.5 million interest-free housing loan to Krens on their books since at least FY 2001."<div style="clear:both; padding-bottom: 0.25em;"></div>]]></description>
 <comments>http://www.observer.com/node/33765#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/29643">Gugg&amp;#039;s IRS</category>
 <category domain="http://www.observer.com/taxonomy/term/29644">Solomon R. Guggenheim Foundation</category>
 <category domain="http://www.observer.com/taxonomy/term/29642">Thomas Krens</category>
 <pubDate>Mon, 25 Jul 2005 03:04:00 -0400</pubDate>
 <dc:creator>Observer Staff</dc:creator>
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