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GREENBAUM, WOLFF & ERNST

Mr. Robert Schoelkopf
Robert Schoelkopf Gallery
February 11, 1975
Page Two

including:
-1. The amount of cash advance offered.
-2. The terms of any guarantee offered.
-3. The rate of commission on sales and the determination of the net selling price.
-4. Provisions regarding the cost of crating and transportation of the works to and from their present location, transit and all-risk insurance until sold or until returned to the estate and the method of valuation for insurance purposes, expenses of photographs, catalogues, brochures and other similar material as well as the cost of conservation or minor restoration.
-5. Duration of the consignment period.
+6. Procedures for fixing minimum prices and terms of sharing any excess realized over such minimum prices.
[[left margin]] -STICK [[/left margin]] 7. Limitation on the number of works that can be sold in any time period.
[[left margin]] bond & reconn. [[/left margin]] -8. Financial security provisions.
9. Commitments regarding American and [[right margin]] have organ. [[/right margin]] foreign museum shows.
10. Intentions with regard to co-dealers, if any, in the American market and proposed method of operation in non-American markets, if this is sought, including commission arrangements with co-dealers insofar as they affect the estate.

The above are not, of course, all-inclusive and any final agreement would have to contain such other provisions as are customary in consignment arrangements. 

This invitation of offers by the estate is not intended to be in the nature of an "auction" with the selection of Cornell works being sold or consigned to the highest bidder.