From: jeffrey E. <[email protected]> Sent: Friday, March 24, 2017 7:49 PM To: Richard Kahn Subject: Re: Giacometti, Figure moyenne II asdk her to call leon and check that this is trye On Fri, Mar 24, =017 at 3:31 PM, Richard Kahn <mailto below estimates are concerning as heather mentioned that christies rati=nale for low numbers may be that Mnuchin gallery unsuccessfully tried to s=ll in 2014 and then Gagosian recently has faced the same struggles. i =ttached christies may 2016 appraisal that heather provided when we purchas=d from Leon showing value of 20mm.. =/div> Richard Kahn HBRK Asso=iates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 <tel: fax <tel: cell <tel: To: Richard Kahn «= href="mailto: target="_blank' Begin forwarded me=sage: From: Heather Gray <Subject: LDB =omments on Christie's proposal <mailto Date: March=24, 2017 at 12:26:55 PM EDT Hi Rich, I just wanted to pass along to you Leon's comments on the Chri=tie's numbers. He may have already given them to Jeffrey, bu= just in case. Leon thinks they are way too low on the estimates (as=l'm sure Jeffrey does), so EFTA_R1_01899188 EFTA02654666