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[[preprinted]]
M. KNOEDLER & CO.,
556-558 FIFTH AVENUE, 
NEW YORK
PARIS, 17 PLACE VENDOME
LONDON, 15 OLD BOND STREET
CABLE ADDRESSES {NEW YORK
KNOEDLER {PARIS
{ LONDON

[[/preprinted]]

^[[checkmark]]

March 23, 1922

Mr. Jacques Seligmann,
705 Fifth Avenue,
New York City.

Dear Sir:-

We are in receipt of your favor of the 20th inst., which only reached us this morning.

As the Zorn in question is, in our opinion, a very slow seller we would not care to make any offer for this picture. Should we, however, get an offer from a client we would immediately communicate by cable as requested. 

Very truly yours, 
[[signed]] M. Knoedler & Co. [[/signed]]
CRH/U
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