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October 18, 1952

Dear Dr. Davis:

We acknowledge with thanks your check drawn on the Northwestern National Bank of Minneapolis in the sum of $ 1,400.00 (One Thousand four Hundred 00/100 dollars) being in full payment of your purchase of 

"Classical Portrait" by PICASSO as per our invoice of September 22, 1952,which we are enclosing herein duly receipted. 

Thanking you for your esteemed patronage,

Yours very sincerely,
JACQUES SELIGMANN & CO.,INC.

(O.Porjes)

Mr. Richard S. Davis Jr.
Route 3
Wayzata
Minnesota

GS