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November 12th, 1942.

Dear Mr. Bourgeois:

These few lines to let you know that the selling price of the "Portrait of Gauzy" by Toulouse-Lautrec is $7,500.

With best regards,
Very sincerely yours,

(Georges E. Seligmann)

Stephan Bourgeois, Esq.
60 East 94th Street
New York, New York

^[[GS]]