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5 East 57th. St. New York, 22, N.Y.

June 23, 1950

Dear Mr. Seligman:

HILL: Received yesterday in good condition the painting by VUILLARD "Portrait of Woman" which he returned to us as part of the La Fresnaye deal. I am covering it at its old insurance price (cost price) of $1,500.

LLOYDS: Acknowledged receipt of our instructions respecting the insurance of certain frames and are preparing the necessary endorsement.

I also received from the letter dated June 20, re the insurance of the two COYSEVOX busts as per appended copy which you will find self-explanatory. [[checkmark]]

[[left margin]]
Dear Liechti -
O.K. for time being but will most probably revise price downward - please ask me later --
GS 
[[/left margin]]

COPY: McKay Morant & Co., Ltd. June 20th., 1950

Gentlemen: We had the pleasure of receiving from Mr. Seligman a telegram from Paris, asking us to insure two COYSEVOX busts in accordance with the recent correspondence we have had with him. For [[strikethrough]] ed [[/strikethrough]] record purposes, we feel you would like to have a copy of the letter the writer has sent to him to-day, and which is enclosed herewith. Assuring you of our best attention at all times. We are Yours faitnfully [[faithfully]] for and on behalf of McKay Morant & Co., Ltd. signed V.R. Young Chairman.

 wrote you previously I believe of the whole rearrangement of insurable  matters with discussed [[strikethrough]] hwit [[/strikethrough]] these gentlemen! Have sent you whole correspondence have I not??
GS 

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