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ART DEALERS ASSOCIATION OF AMERICA, INC. June 20, 1973 575 MADISON AVENUE NEW YORK, N.Y. 10022 Ralph F. Colin Administrative Vice President and Counsel Gilbert S. Edelson Secretary and Treasurer Sharon Nevins Executive Secretary Murray Hill 8-7800 (Area Code 212) Cable Address: Artdealas, New York Board of Directors: Andre Emmerich, President Lucien Goldschmidt, Vice President Clyde M. Newhouse, Vice President William R. Acquavella Leo Castelli Sylvan Cole, Jr. Arne H. Ekstrom Antoinette M. Kraushaar Richard Gray, Chicago Hope Makler, Philadelphia Ex Officio (Ex-Presidents): Alexandre P. Rosenberg Pierre Matisse Klaus G. Perls Harold C. Milch Eugene V. Thaw Mr. Robert Carlen Carlen Galleries, Inc. 323 South 16th Street Philadelphia, Pa. 19102 Dear [[strikethrough]] Mr. Carlen [[/strikethrough]]: Bob Thank you for helping us with the appraisal of the work by Horace Pippin. We deeply appreciate it. With all good wishes, Sincerely, Ralph Ralph F. Colin Administrative Vice President RFC/sn