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Reports that federal prosecutors in New York City are investigating whether the Gagosian Gallery took part in a scheme to help buyers escape sales tax. How Samuel Waksal, the founder of ImClone Systems Incorporated, pleaded guilty to fraud and conspiracy in connection with evading tax on $15 million of contemporary art bought from the gallery; 2002 indictment of former Tyco International Limited Chief Executive L. Dennis Kozlowski for art-tax avoidance; How the gallery is one of the largest art dealerships in the world; Statement that Waksal was prosecuted under the federal wire fraud statute.

Reports on the sales performance of art auctions held at Christie's International, Sotheby's Holdings Inc. and Phillips, de Pury & Luxembourg in New York City in 2002.

Reports that half of the art for sale at 'Asia Week' auctions in New York City was not sold. Auctions at Sotheby's Holdings Inc. and Christie's International; Expected sales; Per cent of objects that sold; Specific objects that were auctioned; Questions about whether the Asian sales foretell prices for all forms of art or whether there are problems only in the Asian market; Causes for the decline in sales, including economic conditions in the U.S.; Legal complications for the collection of ancient art.

Reports the creation of Public Art Fund by the artist Anissa Mack in New York City.

Reports on the contemporary art auction held by Phillips, de Pury & Luxembourg auction house in New York City on May 13, 2002.

Focuses on the New York City taxi court, which is part of the taxi regulation system and is presided over by an administrative judge. Statement that drivers, who are mostly immigrants, fight a class and culture gap at the hearings; Views of Cynthia Fisher, who represents taxi drivers and has a criminal practice; Claim of drivers that the court has a two-tier class system; Mention of guidance offered to drivers in the industry newsletter, 'Taxi Talk.'