Nov 2014 14:50:31 +0000 It can't hurt, but I don't know how relevant the one sold at Christie's last night will be to valuing Leon's Braque. Leon's Braque is a much more important picture with great provenance (having been owned by Sidney Janis). Original Message From: Richard Joslin Sent: Thursday

7:54 AM To: Heather Gray; jeffrey E. Subject: NYTimes: A Manet Portrait Fuels High Prices on a Competitive Night for Christie's Note the price on Braque. HG: can you foretell if favorable for the charitable deduction for our Braque? http://www.nytimes.com/2014/11/06/arts/designia-manet-portrait-fuels

dway Production At the Vivian Beaumont Theater at Lincoln Center Jojo to drive you!!! Su itS_v , :i 6 171(1211 Reminder: Viewin at Christie's for Braque sale 10am-5pm Reminder. on holiday May 6-9, back to work May 10 5:40pm Depart NY 7:55pm Arrive PB 5:29pm Valdson anu to depart JFK via Delta#40

. NY 10022 646-589-0315 From: jeffrey E. Sent: Tuesday, November 22, 2016 3:33 PM ; Darren Indyke < > I I Georges Braque Le Gueridon signed 'Braque' (on the reverse) oil on canvas 16 x 13 in. Painted in 1911 EFTA00592211 12Cozov✓ Alberto Giacometti I Figure moyenne H signed and dated 'A.

750 0 0 0 Narrows CEZANNE, PAUL Bouteilles, Pots, Rechaud a Alcoa, Pommes - 10% undivided interest (pd no sales tax because Narrows traded-in Braque at 5 for 10% undivided interest in Cezanne worth 5) 5.000.000 5.000.000 0 0 0 Narrows CHUN, KWANG YOUNG Aggregation 05-J003' 125.000 125.

ibutions of art that he is making to MoMA this year, namely, the Kippenberger, Untitled (from the Raft of Medusa series) and his 48% interest in the Braque, Homage to J.S. Bach. I recommended to Leon that we use Winston Art Group to prepare the charitable contribution appraisal instead of Sotheby's (or

i, 23 May 2014 11:33:13 +0000 Leger - cost $2,750,000 (no records to support that sales tax or use tax paid) - purchased in 1997 (Colorado period) Braque: cost $2,2MM, $184,250 sales tax paid to NYC - purchased in 2007 From: Jeffrey E. <[email protected]> Sent: Friday, May 23, 2014 6:39 AM To: R

5 May 2017 Lot Result & Description Transaction Amount Proceeds 5 A Sold Hammer 8,800,000.00 Georges Braque (1882.1963) Le Gueridon signed 'Braque' (on the Upside .1,075,000.00 reverse) oil on canvas Total 7,725,000.00 7,725,000.00 Total Hammer 8,800,000.00 Sub Total Proceeds Due Hamme

L'autobus 2/3/16 1/8/07 601,013 1.418,229 (817,216) 0 (817,216) 38,184,892 13,171,871 25,013,021 26,341,509 (1,328,488) 'Giacometti and Braque were each sold as part of 1031 exchanges, so the gain realized on the sale of each work will not be recognized until the Cezannes acquired in the ex

e both raise holding period questions. The Picasso is owned by APO-01, so it would have to be distributed to the LDB 2011 LLC before being sold. The Braque is owned by Narrows Holdings LLC (and is collateral on the Bank of America loan), so it would have to be distributed by Narrows to Leon and then co

e both raise holding period questions. The Picasso is owned by APO-01, so it would have to be distributed to the LDB 2011 LLC before being sold. The Braque is owned by Narrows Holdings LLC (and is collateral on the Bank of America loan), so it would have to be distributed by Narrows to Leon and then con

e both raise holding period questions. The Picasso is owned by APO-01, so it would have to be distributed to the LDB 2011 LLC before being sold. The Braque is owned by Narrows Holdings LLC (and is collateral on the Bank of America loan), so it would have to be distributed by Narrows to Leon and then co

e both raise holding period questions. The Picasso is owned by APO-01, so it would have to be distributed to the LDB 2011 LLC before being sold. The Braque is owned by Narrows Holdings LLC (and is collateral on the Bank of America loan), so it would have to be distributed by EFTA00815395 Narrows to L

e both raise holding period questions. The Picasso is owned by APO-01, so it would have to be distributed to the LDB 2011 LLC before being sold. The Braque is owned by Narrows Holdings LLC (and is collateral on the Bank of America loan), so it would have to be distributed by Narrows to Leon and then co

see you at 9:30am on Monday May 8th (just FYI-he has an 11:30am meeting he must make it to) Mon. May 8, 2017 NY Reminder Viewing at Christie's for Braque sale 10am-5pm 9:30am Appt w/Barry Cohen 12:30pm LUNCH iv/Dr. Jim Watson 5:30pm Peggy's Event: 44th Chaplin Award Gala Pre Reception: Lincoln Rist

ter 150 West 6.0 Street (between Broadway & Amsterdam) YOU HAVE 4 SEATS Jojo to drive you!!! Sat May 2017 NY Reminder: Viewing at Christie's for Braque sale 10am-5pm Reminder: Louella on holiday May 6-9, back to work May 10 Sun. Mayd, 2017 NY-Paris Reminder: Viewing at Christie's for Braque sale 1

vailable today to take you on a tour of viewing herself if you would like...please advise Wed. May 10, 2017 NY Reminder: Viewing at Christie's for Braque sale 10am-Spm Reminder: in 10B May 10-13/14 1:30pm Appt aa 3:00pm SKYPE w TBD Dr EFTA00450749

to source Kippenberger works for their November sales. Logistics The Sotheby's appraisal gives us a good sense of the current values for the first Braque and the Kippenberger. Leon and MoMA purchased the second Braque in 2008 for $25 million, so it is the most expensive work in the group and will need

ould let me know as soon as there was any movement. I just emailed Leon this same info in case he speaks with Jeffrey. I don't have any info on the Braque. Leon said last week that a deal was "close," but I don't know who is selling it or who the potential buyer is. I assume Leon is communicating direc

aritable contributions of art Date: Fri, 22 Aug 2014 20:00:34 +0000 Jeffrey, One quick update: I found the 2013 Sotheby's appraisal and the second Braque (Homage to J.S. Bach) was valued at $24 million by Sotheby's in July of 2013. Best, Heather From: Heather Gray Sent: Friday, August 22, 2014 1:3

22, 2017 4:46 PM To: Sub y Epstein's Georges Braque painting Here are image and descriptions of the works: Georges Braque Le Gueridon signed 'Braque' (on the reverse) oil on canvas 16 x 13 in. Painted in 1911 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 1002