Debts and Von Taxis

Among yard sales of the rich and famous, this is one to watch. Next week Princess Gloria von Thurn und Taxis hopes to raise about $8 million at a Sotheby's auction to be held over nine days in the 500-room palace she calls home in Regensburg, Germany. To make the last payment on taxes of $40 million owed after the death of her billionaire husband Prince Johannes in 1990, the princess, once known for punk and profligacy, is offering a 4,000-lot array of paintings, jewelry, silver, furniture, liveried uniforms and ball gowns, as well as 75,000 bottles of vintage wine. Bidders...

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