From: Richard Kahn To: "jeffrey E." <jeevacation(i?; gmail.com> Subject: Fwd: Giacometti - Christie's proposal for London Date: Mon, 03 Apr 2017 21:04:12 +0000 Attachments: Giacometti Muse GBP.PDF i have a call into heather and am waiting to hear back from her.. Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel fax eel Begin forwarded message: From: Heather Gray < Subject: Giacometti - Christie's proposal for London Date: April 3, 2017 at 1:02:21 PM EDT To: Richard Kahn Good morning, Rich, Leon tells me that Jeffery has decided to sell the Giacometti at auction in London in June (instead of in NY in May). I have received Christie's proposal for an enhanced hammer option for the London sale (which I have outlined below). I am still waiting for Sotheby's proposal. Christie's is working on a guarantee option, as well, but they are not doing house guarantees at this point, so they would only be able to offer a third party guarantee (like they did for the Braque). Will you please ask Jeffrey is he is okay with a third party guarantee? If he is, Christie's will bring the potential guarantor to see the Giacometti at Chenue in Paris this week (probably on Wednesday) and then will provide info on the guarantee. Here is Christie's Enhanced Hammer proposal: SUGGESTED SALE: Impressionist & Modern Evening Sale --June 27, 2017 RECOMMENDED AUCTION ESTIMATE £15,000,000 - 20,000,000 (they will not raise the low estimate — I already asked — but they will raise the high estimate to 25 million if Jeffrey wants them to) TERMS OF SALE Enhanced Hammer of 10% that will be reduced to 7% around £20,000,000 (and, once reduced, the proceeds will not drop below £20,000,000 (as outlined on the attached chart). EFTA00653325