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When buying a business, what's the going rate for hiring a broker, and who is responsible for paying it?

Few people were as plugged into the art world of her day as the late Ileana Sonnabend, whose visionary collections are on display at the Peggy Guggenheim Collection in Venice, Italy, through October 2. Sonnabend and her first husband, Leo Krausz—who later changed his name to Leo Castelli—collected Mondrians and ...