EFTA01042451.pdf

From: "Jeffrey E." <[email protected]> To: Richard Kahn Subject: Re: Giacometti terms Date: Thu, 22 Jun 2017 22:33:43 +0000 dollars On Thu, Jun 22, 2017 at 6:20 PM, Richard Kahn < wrote: please advise if you would like payment in US Dollars (see conversion rate below which is vague) or Pounds thank you 7. Payment of Sale Proceeds Thirty-five days after the last session of the auction (the "Settlement Date"), Sotheby's will wire transfer to you in accordance with your written instructions the sale proceeds Sotheby's has received in cleared funds after deducting Sotheby's portion of buyer's premium and any applicable V A T or amount required in lieu of VAT (the balance being the "Net Sale Proceeds"), unless a buyer has notified Sotheby's of their intention to rescind the sale in accordance with Sotheby's Authenticity Guarantee based on a claim that the Property is "counterfeit" (within the terms of Sotheby's Authenticity Guarantee) or unless you have breached any of your representations and warranties in Condition 2. If a buyer pays after the Settlement Date, Sotheby's will wire transfer the Net Sale Proceeds to you within five working days of receiving such Net Sale Proceeds in cleared funds. For the avoidance of doubt, the definition of "Net Sale Proceeds" shall include Your Share of Buyer's Premium. Net Sale Proceeds will be paid to you in pounds sterling or such other currency as you request in writing. If you request payment of Net Sale Proceeds in a currency other than pounds sterling, Sotheby's shall convert the Net Sale Proceeds into the currency of your choice based on the exchange rate quoted by a commercial bank designated by Sotheby's in London on the date on which Sotheby's pay you the Net Sale Proceeds. Richard Kahn HBRK Associates Inc Begin forwarded message: From: 'Weaver, Cecilia" EFTA01042451 Subject: RE: Giacometti terms Date: June 22, 2017 at 11:27:58 AM EDT To: "'Heather Gray"' Cc: "'Darren K. Indyke Esq. ( )' >, "'Richard Kahn" Dear all, Please find the sale statement attached for your records. Would you kindly also fill out the payment instruction form for the trust so we can have this on file in advance of the payout? Many thanks, Ceci Cecilia Weaver I Sotheby's Assistant to Amy Caooellazzo From: Weaver, Cecilia Sent: Thursday, June 22, 2017 10:47 AM To: 'Heather Gray' Cc: 'Darren K. Indyke Esq. ( )'; 'Richard Kahn' Subject: RE: Giacometti terms Hi Heather, Here is to confirm that the purchaser was indeed the client who requested payment terms. Therefore, the payout will be 50% on day 95 (paid to us on day 90) and 50% on day 125 (paid to us on day 120). I hope you are happy with the result! Best, Ceci Cecilia Weaver I Sotheby's Assistant to Am Ca.•ellazzo From: Heather Gray [mailto Sent: Thursday, June 22, 2017 9:44 AM To: Weaver, Cecilia Cc: Darren K. Indyke Esq. ( ); Richard Kahn Subject: Giacometti terms Hi Ceci, EFTA01042452  I just wanted to check in to see if the buyer of the Giacometti was the person/entity who had requested extended payment terms, or if the trust should expect payment on day 35 (assuming Sotheby's has been paid by then, of course). Thanks! Heather Heather Gray Art Counsel Elysium Mana ement LLC This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the postmaster at postmaster(52sothebys.com. ‘vvive.sothebys.com please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE EFTA01042453 Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01042454