High Noon Western Americana Auction

Record $718,000 For Pancho Villa Saddle

January 31, 2012

Shortly before Mexican revolutionary Pancho Villa was assassinated in 1923, two artisans created a silver embroidered parade saddle for the desperado. After his death, Villa’s widow gave to the saddle to famed director Howard Hawks when he was on location in Mexico shooting “Viva Villa!” This past weekend the saddle, which had been estimated at $150,000-$250,000, sold for $718,000—a new world auction record for a saddle.

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Eye On: Taxes
U.S. Taxes on art bought abroad
Collectors buying art at auctions overseas must be aware of U.S. tax consequences. Here are some tips from Alan Olsen that will help smooth the way.
	Art Bought Overseas CPA Alan Olsen, of Greenstein Rogoff Olsen & Co., talks about the U.S. tax consequences when you purchase art abroad. Watch Video

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