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Private collectors can be great, but the risk of collections in private hands being dissolved on death is substantial. I say this as a Seattle native who's been
by BryantD 2y ago
Private collectors can be great, but the risk of collections in private hands being dissolved on death is substantial. I say this as a Seattle native who's been saddened by what happened to Paul Allen's various collections after his passing.
- Arainach 2y agoIt's a good example, but it's entirely Paul's fault. A trust is not exactly rocket science or esoteric, and if Paul actually cared about any of these things he had many years to just ask lawyers to set something up with a few million in reserves for each of the Living Computer Museum, Cinerama, SciFi Museum, etc. (and many months after his final diagnosis to tell some lawyer to go do so). The fact that he did not shows that he just wanted tax breaks for his toys and is a great example of why private collections aren't great.