There is an option E: Fight it in court.
And use the last 400 million on lawyers...No thanks. If they feel that the item is a family treasure than pay the 29 million and keep it in the family. If not donate it and use the tax write off for 75 years. I think unless I really loved the item, I would take the write off....I wonder if it would go to future generations (75 years)????
—And use the last 400 million on lawyers...—
Why would it cost that much?
If it would, then this is basically an IRS shakedown.