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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