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[[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]]

 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.
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