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Beginning of Page 3 NEW YORK, 355, FIFTH AVENUE.


PARIS, 23, PLACE VENDÔME.


CABLE ADDRESSES KNOEDLER, LONDON. KNOEDLER, NEW YORK. KNOEDLER, PARIS. TELEPHONE 1292 MAYFAIR.


15, OLD BOND STREET, LONDON, W.

it simply to resell at a profit, for £38.000 but naturally I prefer to sell it to you or hold it for a big amount ourselves – Gutekunst is wiring to send the picture to Berlin when he thinks he can sell it for £40.000. probably to the Berlin gallery. I am, however, holding the picture reserved for you until Begin underline: Wednesday, Dec. 5 End underline – If I don't hear from you then will conclude you are not interested further. If you could only see the picture over your mantle dominating the entire gallery just as you dominate those you come in contact with, you wouldn't let it pass for £500.000.– I can't imagine a more suitable picture for you. I was glad to receive your letter and thank you for the prompt payment for of the Corot and Maris which was most welcome. I am pleased to hear you enjoy and appreciate them I regret exceedingly to hear Mrs Frick has End of Page 3