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<p>[QUOTE=&quot;NorthKorea, post: 1585275, member: 29643&quot;]If you&#039;re looking at AA, then it&#039;s entirely possible that the portfolio is over-diversified, as it stands. Antiques (as it sounds like the items are) could sell for anywhere from $25k-$15mm (depending on provenance, condition, scarcity, demand). If it&#039;s on the high end of that scale, then they should auction the items and use the money to rebalance their portfolio. Just because that individual doesn&#039;t have a PM fund doesn&#039;t mean the argument for sale is faulty. It only becomes faulty if the church reinvests the holdings into that same guy&#039;s fund.</p><p><br /></p><p>Another thing might be the investment policy statement of the church. If they did hold the items as legacy donations, rather than investments, the IPS might actually force the church to sell if the appraised value exceeds a certain amount.[/QUOTE]</p><p><br /></p>

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