Viewing page 1 of 186

This transcription has been completed. Contact us with corrections.

      WJ

[[checkmark in pencil]]



Messrs. M. Knoedler & Co.
556 Fifth Avenue
New York

          December 2nd 1921

        [[underlined]] O N  A P P R P V A L [[underlined]]

NY1663
------
 P8761  Painting "Portrait of a lady" by Zorn, dated 1889, 


    NET FOR US   [[strikethrough]] [[underlined]]  $10.000 [[/underlined]] [[/strikethrough]]

[[written in pencil]] F. 140,000.
                  --------