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RS/LM

Dr. W. R. Valentiner
The Detroit Institute of Arts,
Detroit, Mich.

Dear Dr. Valentiner,

You will find enclosed herewith invoice for the painting by Holbein, which the Detroit Art Institute purchased from us.

You no doubt know that a picture of the same size by the same master, though not so fine in quality and not in such perfect condition, was sold several years ago at the Engel Gros sale for $25,000.

We want you to know that it is a tribute to your personality, and in appreciation of the great efforts you have made, which have brought the Detroit Art Institute to the fore in these last few years, which not only decided us to accept your offer, but also to accept it with great pleasure.

We hope that the trustees of the museum are satisfied with their purchase, and beg you to believe us,

Yours very sincerely,


(1) Encl.