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Businessman Jeremy Frommer, who bought the bulk of Guccione's assets from his creditors, told MailOnline: 'I think that the pictures are in such good taste.
I would not want to denigrate a woman whom I have such high regard for and I'm really happy that these are being made public.
The pair lived in Europe, the Bahamas and later moved to , where she attended Newcomb College, then a coordinate college within , and graduated with a degree in 1964.
During a 1962 fashion shoot, the legendary model and actress now known as Lauren Hutton was allegedly told the photographer would waive his fees - if she would pose for something a little bit more risqué.