From: "Jeffrey E." <[email protected]> To: Richard Kahn Subject: Re: Giacometti terms Date: Thu, 22 Jun 2017 22:33:43 +0000 dollars On Thu, Jun 22, 2017 at 6:20 PM, Richard Kahn < wrote: please advise if you would like payment in US Dollars (see conversion rate below which is vague) or Pounds thank you 7. Payment of Sale Proceeds Thirty-five days after the last session of the auction (the "Settlement Date"), Sotheby's will wire transfer to you in accordance with your written instructions the sale proceeds Sotheby's has received in cleared funds after deducting Sotheby's portion of buyer's premium and any applicable V A T or amount required in lieu of VAT (the balance being the "Net Sale Proceeds"), unless a buyer has notified Sotheby's of their intention to rescind the sale in accordance with Sotheby's Authenticity Guarantee based on a claim that the Property is "counterfeit" (within the terms of Sotheby's Authenticity Guarantee) or unless you have breached any of your representations and warranties in Condition 2. If a buyer pays after the Settlement Date, Sotheby's will wire transfer the Net Sale Proceeds to you within five working days of receiving such Net Sale Proceeds in cleared funds. For the avoidance of doubt, the definition of "Net Sale Proceeds" shall include Your Share of Buyer's Premium. Net Sale Proceeds will be paid to you in pounds sterling or such other currency as you request in writing. If you request payment of Net Sale Proceeds in a currency other than pounds sterling, Sotheby's shall convert the Net Sale Proceeds into the currency of your choice based on the exchange rate quoted by a commercial bank designated by Sotheby's in London on the date on which Sotheby's pay you the Net Sale Proceeds. Richard Kahn HBRK Associates Inc Begin forwarded message: From: 'Weaver, Cecilia" EFTA01042451