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#45

#33 Ferry Avenue, East,
Detroit, Michigan, U.S.A.
June 3, 1914.

Mr. Dikran Kelekian,
2, Place Vendome,
Paris, France.

Dear Mr. Kelekian:

Your good letter of May 22nd is received and carefully noted.

I happened to be in New York on the day of the arrival of the large, lustre Raghes plate, and had the pleasure of inspecting the same carefully. In fact your brother gave me the first opportunity to see the see the specimen and I think it is a very important object. However, as I already possess one beautiful lustre plate, with which you are fully familiar, and as my bank account is not flush, I deemed it wiser to refrain from purchasing your large dish. It seems more important to secure fine specimens of Chinese Art than it does to secure specimens of Persian Art. Many other collectors and Museums are quite likely to buy Persian things before they are likely to invest heavily in Chinese objects, and I feel it wiser for me to watch for things Chinese before too many buyers enter the market and send the prices beyond my reach. In fact prices for fine Chinese things are already advanced to a pretty high point but I feel confident that they will go still higher in the future.

The Goloubew collection of Persian Miniatures was offered to me privately some time ago but I declined to consider the purchase of the collection for the reasons above mentioned. However, I am glad that Boston