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THE PACE GALLERY

October 30, 1981

Mr. and Mrs. Burton Tremaine
6 Opening Hill Road
Madison, Connecticut

Dear Mr. and Mrs. Tremaine:

This letter is to confirm that we have received and taken on consignment the following works.  The selling prices are listed below.  Our commission on their sales is 10%.

[[2 column table]]
|8621 Lichtenstein| Femme au Chapeau, 1962 magna on canvas 68 x 56" $250,000|
|9956 Picasso|Young Woman with a Hat - Dora Maar October 17, 1939 - March 9, 1940 oil on canvas 24 x 19 3/4" $350,000 - 375,000|

Sincerely,
Judith A. Harney
Judith A. Harney

32 EAST 57TH STREET/NEW YORK, NEW YORK 10022/TELEPHONE (212)421-3292/TELEX:421062/CABLE ADDRESS:PACEGALRY