The will of a late financial whiz who predicted the stock-market crash of 1987 reveals that he parked a huge chunk of his $ 100 million fortune in an area with its own buying-and-selling volatility — timeless memorabilia that includes the dress Marilyn Monroe wore to her famous “Happy Birthday” serenade of JFK.
Martin Zweig, who died in February at age 70, had a thing for the Kennedys. The Manhattan resident owned a pair of the former president’s blue-striped flannel pajamas and one of Jackie’s nightgowns.
Financier Martin Zweig died at age 70.Photo: Getty
His sports collection was also a treasure trove, from a replica of the Rangers’ 1993-94 Stanley Cup trophy to second base from Shea Stadium when the Mets won the 1969 World Series.
Zweig left the bulk of his collection to his two sons, Alexander and Zachary, who are in their 30s, and his second wife, Barbara, 57. All three heirs live in Manhattan.
They are rushing to sell at least one mystery piece of the collection, according to documents recently filed in Manhattan Surrogate’s Court.
“There is currently an offer to purchase the memorabilia for a substantial amount of money,” lawyer David Goldstein says in court papers asking a judge to green-light the legal proceedings.
Zachary also received his father’s Buddy Holly guitar while brother Alexander got the hat John Belushi wore in “The Blues Brothers” and the base from Shea Stadium.
The money man also left mountains of cash to his family, relatives, friends and to charity, including $ 49 million to wife Barbara and $ 85 million to universities and hospitals, his will shows.
Zweig, who ran the firm Zweig-DiMenna Associates, also appeared as a TV pundit and published a closely read financial newsletter. On Oct. 16, 1987, Zweig answered a question from an analyst on a TV show about whether the bull market was over with the response, “I’ve been really, in my own mind, looking for a crash.”
Three days later, the market plummeted 508 points.
One of Zweig’s biggest assets — his $ 125 million penthouse at The Pierre on Central Park — is on the market.
Yahoo Local News – New York Post
http://newyork.greatlocalnews.info/?p=15958
via Great Local News: New York http://newyork.greatlocalnews.info
No comments:
Post a Comment