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GIMPEL FILS OLD MASTERS AND CONTEMPORARY ARTISTS TEL. MAYFAIR 3720 84 DUKE STREET GROSVENOR SQUARE LONDON, W.I 19 December 1947 Georges E. Seligman 5 East 57th Street New-York 22 Dear Mr. Seligman I have at last had a letter from our clients stating that they have decided against the purchase of our large Degas portrait of Mlle Rouart. We can therefore enter into negotiation with your firm. Before I instruct these people to ship the picture to you I had better give you our price which is £12.000-. If it is likely to interest you, will you cable me and I will give instructions [[crossed out]] for you [[/crossed out]] to have the picture sent to you on approval. In the latter case would you please insure picture for 50.000 dollars. Yours sincerely P Gimpel Peter Gimpel