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TELEPHONE WICKERSHAM 2-6671    

ESTATES APPRAISED FOR INSURANCE, INHERITANCE TAX, OR SOLD AT AUCTION

RAINS AUCTION ROOMS, INC.
Auctioneers and Appraisers

3 EAST 53RD STREET, NEW YORK CITY

November 29th, 1932.

Jacques Seligmann & Company, Inc.
3 East 51st Street
New York City

Gentlemen:

Attention: Mr. Jucker

We beg to confirm herewith the terms discussed between your Mr. O'Toole and us relative to the sale at public auction of a collection of modern paintings and drawings. | 1°

The pictures shall be placed on exhibition on Sunday, December 18th, from 2:00 to 5:00 P.M. and remain on exhibition all day Monday and Tuesday from 9:00 A.M. to 6:00 P.M., with an evening exhibition from 8:00 to 10:00 if you so desire it. The sale is to take place on either Tuesday or Wednesday evening, December 20th or 21st, as you prefer, commencing about eight o'clock. | 2°

We are to receive fifteen percent (15%) of the sales of all pictures made to others than yourselves. On those items which you elect to purchase there will be no commission charge whatsoever. x(You do guarantee, [[left margin]] Harry Hirschman [[/left margin]]however, a [[strikethrough]] not [[strikethrough]] commission to us of [[strikethrough]] not less than [[/strikethrough]] five hundred dollars ($500.00)). It is understood that the sale of any item is consummated only when we have effected delivery and received payment therefor. | 3°

We shall have published five hundred (500) catalogues of our customary type and approximately three thousand (3000) announcements to mail to that number of individuals on our mailing list. You are to instruct us if so desired as to the sum you wish to spend on newspaper advertising, which amount shall be borne entirely by you. We will, of course, endeavor to obtain such free newspaper publicity as we deem advisable in the interest of the sale. | 4°

You are to receive payment for all your articles sold to others than yourselves, less our commissions and cost of newspaper advertising [[left margin]] nights & days not later than [[strikethrough]] two weeks [[strikethrough]] after the last day of sale. [[left margin]] #(shorthand)[[/left margin]] #It will be necessary that you cover by insurance your property while it is in our possession, and we are to be relieved of any liability in connection with loss by fire, burglary, or theft. | 5°

Your signature appended to the copy of this letter indicates your approval and acceptance of the above terms. <> | 6

Very truly yours,

RAINS AUCTION ROOMS, INC.

BY: Harry Hirschman

HH:MH

Transcription Notes:
Have not finished margins or 2nd, 3rd, and 4th paragraphs Each para has the corresponding number next to it in right margin in pencil.