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November 1, 1946

Dear Curt:

I am enclosing herein as requested by you check on J.P. Morgan & Co., Inc., in the sum of $2,000.- (Two thousand 00/100 dollars), covering the purchase of a painting by JUAN GRIS. As soon as you know the exact rate of exchange of the Swiss franc required to buy this painting, you will advise me, and the above sum will then be adjusted accordingly.

Though I am sending you the full amount required for this purchase, it is understood that we buy this painting in joint account and as agreed will go into the details of the transaction when convenient.

Sincerely yours,

(Germain Seligmann)

Enc.  

Mr. Curt Valentin
Buchholz Gallery
32 East 57th Street
New York 22, N.Y.

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