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[[preprinted]] PETER H. DAVIDSON & CO., INC. 1166 SECOND AVENUE, NEW YORK, NEW YORK 10021 TELEPHONE: 666-3798 688-1831 CABLE ADDRESS: "DAVIDART" NEW YORK [[/preprinted]] January 28, 1974 Mr. Germain Seligman JACQUES SELIGMANN & CO., INC. 5 East 57th Street New York, New York 10022 Dear Mr. Seligman: Thank you for your letter of January 19. I have had nothing encouraging to date regarding the Spanish Primitive, and I would gather that perhaps the auction idea would be the best under the circumstances. However, I would like to hold on to the information you gave me for another month or so, in the hope that other South American clients will eventually come to town. Sincerely yours, [[signed]] Peter H Davidson [[/signed]] Peter H. Davidson