NY Banking Legend's Heirs Unload Art to Save an Estate

The video discusses the mismanagement of a family fortune, focusing on the case of Chauncey Stillman's descendants. The family's foundation was misused by trustees who diverted funds to unrelated causes. To recover, the family is now selling a valuable art collection to raise $20 million and maintain their estate. The collection includes works by Degas, expected to generate $12 million at auction.

What were some of the causes that the trustees supported with the foundation's funds?

What concerns did the daughters of Chauncey Stillman have regarding their foundation?

How much money does the family need to raise to keep the estate open to the public?

What actions did the family take regarding the art collection to stay afloat?

What is the estimated value the family expects to raise from the upcoming art sales?