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Beginning of Page 2 portraits of himself + says we should not sell it for less than £50.000. underlined: here. Turn to page 13 Bode, Volume VI and read what he has to say about it. A small portrait of himself painted 1634 to 5 only 17 x 22 1/2 inches sold Tuesday in Berlin Konigswarten sale for £9.900 – Our picture is unquestionably worth ten times this picture and Gutekunst and McKay think we should hold it for a big profit. It is much less than the Youssoupoff pictures and is more valuable for it as 10 x 12 inches larger and even more interesting. Do you remember the portrait of Burgemaster Jan Six in the Six Collection Amsterdam, a somewhat smaller picture than ours and certainly not more valuable. 80.000 pounds has been offered for it. Begin underline: This is the value of our picture End underline – We must have a profit out of such a picture for after all a fine Rembrandt is the rarest and most saleable thing in the world + we have done no end of work getting it and had to keep the payment of it for over 4 months in mind when we might have used our money more advantageously from the standpoint of profit. I recognize my duty toward you + am trying to fulfill it in advising you to take this picture at $225.000. I put myself on record and want you to remember my advice in the future. We can sell it in London to a man who will buy End of Page 2