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removing and a crack retouching. It is a picture of great historical interest and importance. I don't know what the owner is asking but I do consider it on the whole a picture worthy of your collection. There is however this to be noted that there is a much finer though less imposing and important Holbein in private hands in England which might for all I know be obtainable, the Sir Thomas Bryan the original of the copy in the Munich gallery.

2. The Saskia portrait at Le Sarraz. I have not yet been to see this but intend to go shortly, as soon as my duties in the Burlington Magazine permit. I feel convinced that this is a genuine early Rembrandt probably of great beauty. I should advise you to purchase it if it can be got at anything like a reasonable price. I suppose it could not be less nowadays than £30,000 or £40,000.

3. By the by the picture of a Rabbi by Rembrandt Book No 198 in the possession of Graf Nastitz of Prague is for sale. I know that a dealer has offered £60,000 & will of course sell at 80 or 90 thousand. If you wish it I know that I can get it direct for about 70 thousand. It is a very important

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