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February 10, 1951

Dear Sirs:

Enclosed please find our check on the Bank of New York and Fifth Avenue Bank in the sum of $37.50 (Thirty-seven and 50/100 Dollars) being in full payment of the one half share of the new frame for a painting by Delaunay, as agreed, which thus becomes our property.

As requested, we are returning to you in the enclosure Lowy's bill covering this frame.

Yours very truly,
Jacques Seligmann & Co., Inc.


(O. A. Liechti)

Enc.

Sidney Janis Gallery
15 East 57th Street
New York, N. Y.

[[vertical left bottom edge, handwritten and underlined]]JANIS[[/end]]