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JERALD ORDOVER ATTORNEY AT LAW 136 SULLIVAN STREET NEW YORK, N.Y. 10012 (212) 982-2350 FAX: (212) 674-0857 November 18, 1991 FAX TRANSMISSION: 431-5361 Leo Castelli, Inc. 420 West Broadway New York, New York 10012 Attn: Ms. Susan Brundage Re: Richard Serra Dear Susan: I received from John Silberman consignment agreement covering the five Serra sculptures listed below. They are to be signed at this time with the understanding that the fabrication and installation costs will be determined by us as soon as possible and thereafter inserted on the schedule attached to each agreement. The retail price of each work is set forth alongside each sculpture. Please let me know if these prices tally with the current price you are asking or, if not, whether the amounts are agreeable to Leo. I will come by during the week for Leo to sign the agreements, if he has no objection to the stated prices: [[left margin]] Chapelle [[/left margin]] 1. Four Plates, Two Poles $750,000 [[left margin]] R.L. Storge [[/left margin]] 2. Trapezoid Corner Plate (129) $200,000 3. Three Unequal Elevations (155) $175,000 [[left margin]] STGE. J Sup [[/left margin]] 4. Robeson (182) $350,000 [[left margin]] Stage J. Surverm [[/left margin]] 5. Two Corner Curve (186) $300,000 Sandra, I don't have info on this piece -- are you sure it's the correct title? -C Sincerely yours, Jerry Jerald Ordover