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    Description

    Howard Hughes Estate Audit from 1976. A seven volume official estate audit, with an intriguing collection of investment summaries, background reports, appraisals of assets, and a detailed history of the Hughes fortune dating back to 1926. The audit commenced six months after Hughes' death and, interestingly enough, the investigation found that Hughes had lost a total of $264 million mostly due to "Hughes' own idiosyncrasies such as the upkeep of the Spruce Goose and his habit of surrounding himself with a legion of aides in posh hotels..." Due to Hughes' infamous donation of all Hughes Aircraft stock to the Howard Hughes Medical Institute (a tax-exempt foundation) the auditors were not allowed access to approximately half of the Hughes fortune. In what must have been an incredibly frustrating investigation, the report concluded: "Although this cash audit has left many questions unanswered, the Hughes Estate is so large and complex that eventually a line has to be drawn somewhere." The set is one of eight copies extant, and is in overall Very Fine condition. An ultra-rare exploration into the mysterious Hughes legend.

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    Auction Dates
    April, 2008
    5th Saturday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 817

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    Consign to the 2018 September 23 - 24 Luxury Accessories Signature Auction - Beverly Hills.

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    The movie quite literally changed my life. I have included a pic of me in Sly's Rocky 3 Cashmere overcoat, would much appreciate if it is possible for you to forward this email to Sly to let him know the overcoat is in good hands, and will be well taken care of, (as will be the Rambo knife forging tools, the other lot I won!) Wish you very happy holidays and a great 2016!
    Atul J. ,
    Irvine, CA
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