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June 10, 1957

Gentlemen:

Re: Open Cover No. 33
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Kindly insure for the transit by AIR New York-Geneva-New York:

#8400 Drawing by WATTEAU "Study of Head and Hands" for.....................$15,000.-- (Fifteen Thousand 00/100 Dollars).

The above is being shipped momentarily on approval only and will be returned if not sold. Please note that the indicated value is to be considered as new "indisputable valuation".

Thanking you for confirmation of the above,

Yours very trulu,
JACQUES SELIGAMANN & CO.,INC.

(O. Porjes)

McKay Moment & Co. Ltd.
1, Seething Lane
London B.C.3
England

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