EFTA01204112.pdf

FINE ART HELD BY NARROWS/ LOB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL The Table (Still Life with Fan) [COST UNDER REVIEW] 1910 BRAQUE, Oil on canvas GEORGES 15 x 21 V. inches 12,500 24,000,000 24,000,000 23,987,500 La muse Executed after 1918; limestone base and turntable mounting made by the artist in 1953. BRANCUSI, Polished bronze with limestone artist's base CONSTANTIN Height: 17'/. inches 11,466,250 32,500,000 32,500,000 21,033,750 Nympheas 1904 MONET, Oil on canvas CLAUDE 35 %x 36 inches 24,356,250 45,000,000 45,000,000 20,643,750 Femme cousant: a double•sided painting 1914 LEGER, Oil on canvas FERNAND 35 %x 28'/. inches 16,000,000 35,000,000 35,000,000 19,000,000 Elongated Plane 1915 MALEVICH, Oil on canvas KAZIMIR 31 % x 31 % inches 16,820,688 35,000,000 35,000,000 18,179,312 Fernande Olivier Cast by Vollard 1909 PICASSO, Bronze PABLO Height: 16 14 / inches 3,114,375 18,000,000 18,000,000 14,885,625 Carriere de Bibemus Circa 1898 CEZANNE, Oil on canvas PAUL 25 % x 21 inches 7,692.500 22.500.000 22.500.000 14.807,500 Page 1 of 76 EFTA01204112  FINE ART HELD BY NARROWS/ LDB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL TURNER, Goldau R.A., JOSEPH 1843 MALLORD Watercolor with scraping out WILLIAM 12 x 18 % inches 1,330,000 16,000,000 16,000,000 14,670,000 Jardin de fleurs VAN GOGH, 1888 VINCENT Quill and reed pen with black ink over pencil on paper 8,500,000 22,500,000 22,500,000 14,000,000 Femme nue 1909 PICASSO, Oil on canvas PABLO 35 x 28 % inches 11,002,500 25,000,000 25,000,000 13,997,500 Corde et Personnages II 1935 Oil and rope on cardboard MIRO, JOAN 29 %x 41'/. inches 7,036,250 20,000,000 20,000,000 12,963,750 Le Château Noir Circa 1904 CEZANNE, Oil on canvas PAUL 27 14 / x 32 % inches 12,505,581 25,000,000 25,000,000 12,494,419 Composition C with Gray and Red 1932 MONDRIAN, Oil on canvas, with original artist's frame PIET 24'/. x 24% inches (framed) 2,922,750 15,000,000 15,000,000 12,077,250 Marocaine en jaune 1912 MATISSE, Oil on canvas HENRI 32 x 25 inches 10,000,000 20,000,000 20,000,000 10,000,000 Aasgaardsstrand Circa 1900 MUNCH, Oil on canvas EDVARD 38 x 40 inches 2,571,478 12,500,000 12,500,000 9,928,522 The Risen Christ BUONARROTI Watermark indistinct on 33-mm vertical chainline, the upper corners made up. MICHELANGE Red and black chalk, pen and brown ink LO 9 14 / x 8 14 / inches 13,308,196 22,500,000 22,500.000 9,191,804 Page 2 of 76 EFTA01204113  FINE ART HELD BY NARROWS/ LDB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Buste de femme 1907 PICASSO, Oil on canvas PABLO 28% x 23% inches 9,500,000 18,000,000 18,000.000 8,500,000 Recto: Crane sur une draperie (Skull and Draper) Recto: pencil on paper; Verso: watercolor and pencil on paper CEZANNE, Circa 1902-06 PAUL 12 x 18'/. inches 1,750,000 10,000,000 10,000.000 8,250,000 Tanzerin mit Tamburin (Dancer with tambourine) 1946 BECKMANN, Oil on canvas MAX 57 % x 35 14 / inches 1,825,000 10,000.000 10,000.000 8,175,000 Danseuses 1899 DEGAS, Pastel on paper laid down on canvas EDGAR 25 x 23% inches 11,910,206 20,000.000 20,000.000 8,089,794 Spanish Dancer Chalk on grey fibrous flocked paper collaged with plaster on sandpaper, three wrapping paper elements, twine, paint on string, thread, nails, tack, linoleum, wooden drafting triangle, hair woven in fabric, and cork mounted on five original wood boards joined by two original cross members 1928 MIRO, JOAN 43'/. x 28 inches 9,363,625 15,000,000 15,000.000 5,636,375 Grenade et poires dans une assiette Pomegranate and pear on a plate Circa 1885 CEZANNE, Oil on canvas PAUL 10 %x 14 % inches 3,692,500 9,000,000 9,000,000 5,307,500 Tate d'homme a la pipe 1912 PICASSO, Charcoal on laid paper PABLO 24 %x 18 % inches 1,729.294 7.000.000 7.000.000 5.270,706 Page 3 of 76 EFTA01204114  FINE ART HELD BY NARROWS/ LOB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Oiseau dans l'espace (Bird in space) Circa 1922-23 Signed with monogram CB on the underside of the cylinder base BRANCUSI, Marble and stone CONSTANTIN Height overall: 48 inches 29,755,440 35,000,000 35,000,000 5,244,560 Jeunes femmes au jardin (Portrait de Renee Monchaty) Huile Sur toile Circa 1921-23: reworked 1945-46 BONNARD, Oil on canvas PIERRE 23 % x 30 % inches 2,827,811 8,000,000 8,000,000 5,172,189 Jeannette III Edition 10 of 10 1958 MATISSE, Bronze HENRI Height: 23% inches 1,650,000 6,500,000 6,500,000 4,850,000 Jeannette IV Edition 10 of 10 1958 MATISSE, Bronze HENRI Height: 24 % inches 1,800,000 6,500.000 6,500,000 4,700,000 A Seated Old Man Facing Left 1631 Signed with initials and dated lower center RhL 1631 REMBRANDT Red and black chalk on pale yellow prepared paper VAN RIJN 9 x 6'/. inches 2,454,220 7,000,000 7,000,000 4,545,780 Bouteille et verve 1912-13 PICASSO, Pasted newspaper, charcoal and pencil on paper PABLO 23% x 18 inches 700,000 5,000,000 5,000,000 4,300,000 Voltri-Bolton I Signed, titled and dated 12-6-62 on the base Steel SMITH, DAVID 112 %x44 %x 15 % inches 2,706.250 7,000,000 7,000,000 4293,750 Page 4 of 76 EFTA01204115  FINE ART HELD BY NARROWS/ LDB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Feast of the Assumption at Santa Maria della Salute CANALE , 1763-1766 ANTONIO Pen and black and brown inks over black chalk, CALLED heightened with white CANALETTO 15 x 21 % inches 963,425 5,000,000 5,000,000 4,036,575 Melancholy 1891 MUNCH, Oil on canvas EDVARD 28'/. x 38',4 inches 11,000,000 15,000,000 15,000,000 4,000,000 Number 8, 1951 Dripped and blotted black ink, colored inks and drops of white oil paint on mulberry paper, tipped on the four corners to a thick support paper by the artist POLLOCK, Signed and dated lower right JACKSON 24'/. x 39 inches 1,250,000 5,000,000 5,000,000 3,750,000 Jeannette V Edition 7 of 10 1958 MATISSE, Bronze HENRI Height: 22 % inches 2,750,000 6,500,000 6,500,000 3,750,000 Wheat Field with Sheaves 1888 VAN GOGH, Pencil, pen, quill and sepia ink on wove paper VINCENT 9 % x 12 % inches 2,265,131 6,000,000 6,000,000 3,734,869 Portrait de Francois-Antoine Rasse, Prince de Gavre DAVID, 1816 JACQUES- Oil on canvas LOUIS 28 % x 23 % inches 2,273,250 6,000,000 6,000,000 3,726,750 The Drunkard Pushed into the Pigsty BRUEGEL I, Oil on panel, circular PIETER Diameter: 7 % inches 5,499,505 9,000,000 9,000,000 3,500,495 The Surprise 1913 DE CHIRICO, Oil on canvas GIORGIO 51 % x 16 % inches 4,546.500 8.000.000 8.000.000 3.453,500 Page S of 76 EFTA01204116  FINE ART HELD BY NARROWS/ LDB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sotheby's Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Le grand juge (masques) 1898 ENSOR, Oil on canvas JAMES 23'% x 29'% inches 1,201,212 4,500,000 4,500,000 3,298,788 Y Le gueridon 1911 Signed on reverse BRAQUE, Oil on canvas GEORGES 16 x 13 inches 1,732,000 5,000,000 5,000,000 3,268,000 Le repos Circa 1893 DEGAS, (Pastel on board EDGAR 19 % x 25 % inches 4,086,438 7,000,000 7,000,000 2,913,563 Y Zwei Akte (Two Acts) 1911 SCHIELE, Gouache, watercolor and pencil on paper EGON 20 % x 13 % inches 600,000 3,500,000 3,500,000 2,900,000 Iris, messagere de Dieux 1890-91 RODIN, Bronze with green and brown patina AUGUSTE Height: 32 inches 1,193,456 4,000,000 4,000,000 2,806,544 Choc de cavaliers arabes 1833-34 DELACROIX, Oil on canvas EUGENE 32 x 40 inches 8,469,701 11,000,000 11,000,000 2,530,299 GERMAN, 16TH CENTURY Group of prints including the pair of colored Burgkmairs 2,500,000 2,500,000 2,500,000 Portrait de Constantin Guys 1880 MANET, Pastel on fine weave linen EDOUARD 21 % x 13 % inches 1,652,500 4,000,000 4,000,000 2,347.500 Page 6 of 76 EFTA01204117  FINE ART HELD BY NARROWS/ LOB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Double Torqued Ellipse II 1998 Weatherproof steel SERRA, Outer ellipse: 11 feet 9 inches x 25 feet 6 inches x 36 feet RICHARD Inner ellipse: 11 feet 9 inches x 2 1,657,250 4,000,000 4,000.000 2,342,750 Y Etude de nu pour 'La danseuse habille' Circa 1919.1921 Number thirteen in an edition of twenty plus two DEGAS, Bronze with brown patina EDGAR Height: 28 % inches 1,000,000 3,000.000 3,000.000 2,000,000 RAFFAELLO SANZIO, Head of a Young Apostle CALLED Black chalk over pounced, dotted outlines RAPHAEL 375 by 278 mm 48,085,198 50,000.000 50,000.000 1.914,802 Y Le Mann or Le Jardinier Vallier vu de face 1902-06 CEZANNE, Oil on canvas PAUL 39'/: x 32 inches 53,103,750 55,000.000 55,000.000 1,896,250 Y Cylinder with Two Figures 1891 Signed PG at either side of the crouching figure GAUGUIN, Wood PAUL Height: 14 inches 8,128,125 10,000.000 10,000.000 1.871,875 Caricature of a Woman Wearing a Tall Hat and Caricature of an Old Man in Academic Dress: a pair of drawings Pen and brown ink LEONARDO Each: 2 % x 2 inches DA VINCI (Matted within one frame) 784,813 2,500.000 2,500.000 1,715,188 Y Two-Piece Reclining Figure: Points Cast by the Noack Foundry, Berlin 1969 Bronze with green and brown patina Height: 90 inches MOORE, Length: 143'/. inches HENRY Depth: 72 inches 4,347,394 6.000.000 6.000.000 1.652,606 Page 7 of 76 EFTA01204118  FINE ART HELD BY NARROWS/ LOB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL La bouillie (Beggars Eating Mash) DE GOYA, Black lead, brush and grey wash FRANCISCO 8 14 / x 5 % inches 401,914 2,000,000 2,000,000 1.598,086 Three People Around a Dying Man (Le malade) From the "Sepia album-F" 1812-1823 DE GOYA, Brush and sepia ink FRANCISCO 8 14 / x 5 % inches 475,000 2,000,000 2,000.000 1.525,000 Study for 'Nude with Drapery 1907 PICASSO, Gouache on buff paper, mounted on canvas PABLO 12'/: x 9'/. inches 744,219 2,250,000 2,250,000 1,505,781 Entry to the Grand Canal with Santa Maria della Salute TURNER, Circa 1840 R.A., JOSEPH Watercolor with gouache and scraping out over pencil MALLORD indications WILLIAM 8 % x 12 % inches 907,375 2,400.000 2,400.000 1.492,625 Gimiendo y Ilorando (Weeping and Wailing) Circa 1824-28 DE GOYA, Black chalk and lithographic crayon on paper FRANCISCO 7 ' x 6 inches 1,014,844 2,500.000 2.500.000 1.485.156 Recto: Regata in the Bacino di San Marco with the Rialto Bridge in the Distance Verso: The Grand Canal with the Rialto Bridge in the Distance Toward the Riva del Carbon GUARDI, Pen and brown ink with brown wash over black chalk FRANCESCO 15 x 24 % inches 1,025,000 2,500,000 2,500.000 1,475,000 Femme poignardee par le soleil recitant des poemes fusees 1939 Oil wash and gouache on paper MIRE, JOAN 16 x 13 inches 1,550.681 3.000.000 3.000.000 1.449,319 Page 8 of 76 EFTA01204119  FINE ART HELD BY NARROWS/ LDB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL La parade Circa 1865.66 Charcoal, pen and ink, grey wash, watercolor, gouache DAUMIER, and conte crayon on wove paper HONORE 17'/. x 13'/. inches 1,312,531 2,750,000 2,750,000 1.437,469 Aux courses 1878 DEGAS, Oil on canvas EDGAR 7 ' x 9 % inches 1,082,500 2,500,000 2,500,000 1,417,500 Dessin pour Tescalier LEGER, 1913 FERNAND Gouache and India ink on buff paper 1,190,750 2,500,000 2,500,000 1,309,250 La chanson a boire Circa 1857-60 DAUMIER, Colored crayons, pen and ink and watercolor on paper HONORE 9'/. x 13% inches 693,341 2,000,000 2,000,000 1,306,659 Skizze fur Sintflut II (Sketch for Deluge II) Signed and dated Kandinsky 1912 lower left KANDINSKY, Oil on canvas VASSILY 37 % x 42 % inches 31,725,250 33,000,000 33,000.000 1,274,750 Study for 'Head of Nude with Drapery 1907 PICASSO, Gouache and watercolor on paper, mounted on canvas PABLO 12'/. x 9 % inches 476,300 1,750.000 1,750.000 1.273,700 Les toits, Arles 1888 VAN GOGH, Pencil, reed pen and ink on paper VINCENT 10 x 13 % inches 1,250,000 2,500.000 2,500.000 1.250,000 Page 9 of 76 EFTA01204120  FINE ART HELD BY NARROWS/ LOB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Betwixt the Torus and Sphere 2001 Weatherproof steel; three spherical sections, three torus sections, unique SERRA, Overall: 11 feet 10 inches x 37 feet 6 inches x 26 feet 7 RICHARD inches 2,775,500 4,000,000 4,000,000 1.224,500 L'araignee en pleurs 1881 REDON, Charcoal on paper ODILON 19 x 14 % inches 560,000 1,750,000 1,750,000 1,190,000 Madonna del Gatto Circa 1478.80 LEONARDO Pen and brown ink and wash on paper DA VINCI 3 %x 2 % inches 3,338,547 4,500.000 4,500.000 1,161,453 Fernande Olivier 1906 PICASSO, Bronze PABLO Height: 14 inches 624,938 1,750.000 1,750.000 1,125,063 Young Woman Surrounded by Witches (Jeune femme languissante) From the "Bordeaux album-H" 1824-28 DE GOYA, Black chalk FRANCISCO 7 12 / x 6 inches 380,000 1,500.000 1,500.000 1,120,000 L'Air (premier etat) 1938 MAILLOL, Lead ARISTIDE 54 % x 100 % x 33 12 / inches 893,063 2,000,000 2,000.000 1,106,938 Page 10 of 76 EFTA01204121  FINE ART HELD BY NARROWS/ LOB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Maja y Celestina Circa 1824-25 Carbon black, touched with red wash, heightened with DE GOYA, graffito on ivory FRANCISCO 2 %x 2 % inches 660,000 1,750,000 1,750,000 1,090,000 Les Bourgeois de Calais Jean d'Aire, height 181/2 inches Pierre de Wiessant, height 18 inches, Jacques de Wiessant, height 18 1/2 inches, Eustache de Saint-Pierre, height 16 3/4 inches, RODIN. Andrieu d'Andres, height 18 5/8 inches AUGUSTE Bronze 660,000 1,750,000 1,750,000 1,090,000 Venus a la coquille II One in an edition of ten 1932 MATISSE, Bronze with brown patina HENRI 12% x 8 x 9V. inches 700,000 1,750,000 1,750,000 1,050,000 St. Jerome in his Study (Meder 59, a: Bartsch 60) DORER, 1514 ALBRECHT Engraving 189,656 1,200,000 1,200,000 1,010,344 Paysage 1908 PICASSO, Oil on panel laid down on cradled panel PABLO 26 % x 11 % inches 2,500,000 3,500,000 3,500,000 1,000,000 Study for Agony Signed and indistinctly dated GORKY, White gouache, colored crayon, charcoal and pastel ARSHILE 40 x 51 inches 3,000,000 4,000,000 4,000,000 1,000,000 Entwurf zu "Komposition VII" 1913 KANDINSKY, Watercolor and India ink on paper VASSILY 15 % x 17 % inches 1,515,000 2.500.000 2.500.000 985,000 Page 11of 76 EFTA01204122  FINE ART HELD BY NARROWS/ LOB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sotheby's Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL RAFFAELLO Head of a Muse SANZIO, Watermark encircled Saint Anthony's cross CALLED Black chalk over pounce marks, traces of stylus RAPHAEL 12 x 8% inches 47,020,045 48,000,000 48,000,000 979,955 Femme nue 1910 PICASSO, Pen and ink and wash on paper PABLO 16 x 11 Vs inches 650,000 1,500,000 1,500,000 850,000 Parade de Saltimbanques Circa 1860.64 DAUMIER, Oil on panel HONORE 9% x 13 inches 1,650,000 2,500,000 2,500,000 850,000 Oiseau Edition 6/6 1968 Bronze MIRO, JOAN 82 % x 63 x 57'A inches 1,100,000 1,850,000 1,850,000 750,000 Panier de /Aches, raisin blanc et noir avec rafraichissoir et verre (Basket of peaches, white and black grapes with wine CHARDIN, cooler and glass) JEAN- Circa 1759 SIMEON Oil on canvas 2,267,783 3,000,000 3,000,000 732,217 La culpa es tuya (C'est de la faute) (It's all your fault) Circa 1803.12 DE GOYA, Gray ink on paper FRANCISCO 9 %x 7 inches 2,778,085 3,500,000 3,500,000 721,915 Autoportrait Circa 1854-55 DEGAS, Black chalk and pencil with stump on paper EDGAR 15 x 11 % inches 300.000 1.000.000 1.000.000 700,000 Page 12 of 76 EFTA01204123  FINE ART HELD BY NARROWS/ LOB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Portrait of Elie Faure 1922 PICASSO, Pencil on paper PABLO 12 %x 9% inches 800,000 1,500,000 1,500,000 700,000 Christ Crucified Between Two Thieves (The Three Crosses) (Bartsch 78: White/Boon, fourth state of five; Hind 270) Circa 1653.55 With Strasbourg lily watermark (Ash/Fletcher, variant 1.a: Hinterding, variant 1A) REMBRANDT Drypoint with some engraving VAN RIJN 15 x 17% inches 1,517,250 2,200,000 2,200,000 682,750 Selbstbildnis (Self Portrait) 1909 SCHIELE, Watercolor, colored crayon, pencil and gold paint on paper EGON 15 % x 11 % inches 150,000 800,000 800,000 650,000 Glass-top Table and Eight Side Chairs The table: GIACOMETTI, Height: 30 inches DIEGO Diameter: 5 feet 9 inches 900,000 1,500,000 1,500,000 600,000 A Boy with a Blind Woman Circa 1824-25 DE GOYA, Watercolor on ivory FRANCISCO 2% x 2% inches 660,000 1,250,000 1,250,000 590,000 A Prisoner Circa 1824-1825 DE GOYA, Watercolor on ivory FRANCISCO 2% x 2% inches 660.000 1.250.000 1.250.000 590,000 Page 13 of 76 EFTA01204124  FINE ART HELD BY NARROWS/ LDB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Jeune fille a la mantille (Etude pour L'espagnole aux fleurs) Circa 1919 MATISSE, Charcoal and estompe on paper HENRI 20 % x 16 % inches 416,763 1,000,000 1,000,000 583,238 Baigneuses Circa 1895.1900 CEZANNE, Watercolor on joined paper PAUL 6'/. x 10'/. inches 935,000 1,500,000 1,500,000 565,000 Episode de la Guerre Coloniale: Noir sur un cheval cabre Black chalk and brown ink, watercolor and bodycolor on GERICAULT, blue paper THEODORE 8 14 / x 10'/. inches 1,438,990 2,000,000 2,000,000 561,010 Apres ('audience 1862-65 Charcoal, pen and ink and watercolor on paper laid down DAUMIER, on paper HONORE 11 x 14 % inches 1,210,000 1,750,000 1,750,000 540,000 Constellation de quatre formes blanches et d'une noire Constellation (with Four White Forms) 1931 Painted wood, unique ARP, HANS 27 % x 33 % inches 487,125 1,000,000 1,000,000 512,875 La nourrice Circa 1882 SEURAT, Conte crayon on paper GEORGES 12 % x 9 % inches 1,012.138 1.500.000 1.500.000 487,863 Page 14 of 76 EFTA01204125  FINE ART HELD BY NARROWS/ LDB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Early Spring 1944 AVERY, Oil on canvas MILTON 28 x 36 inches 125,000 600,000 600,000 475,000 Femme se reposant 1935 MATISSE, Pen and India ink on paper HENRI 20'/. x 15% inches 341,000 800,000 800,000 459,000 Composition 1933 Black chalk with collaged postcard and botanical prints on cream laid paper with watermark MIRO, JOAN 24 % x 18 ',4 inches 541,250 1,000,000 1,000,000 458,750 The Firing Squad Circa 1800 TIEPOLO, Signed lower center Dom. Tiepolo f. GIOVANNI Pen and brown ink with brown wash over black chalk DOMENICO 13 % x 18 % inches 450,000 450,000 450,000 Los desastres de la guerra DE GOYA, 1863 FRANCISCO Set of first edition etchings and lithographs 450,000 450,000 450,000 Groupe d'arbres Circa 1877-80 CEZANNE, Watercolor on paper PAUL 18 % x 12'/. inches 1,312,500 1,750,000 1,750,000 437,500 Los Caprichos DE GOYA, 1799 FRANCISCO Set of first edition etchings and lithographs 579,880 1,000,000 1,000,000 420,120 Nature mode Dedicated A Mademoiselle Henriette Mano Gage d'Affection Gouache, colored crayon, sand and charcoal on card GRIS, JUAN 18'/: x 12 inches 391,000 800,000 800,000 409,000 Page 1S of 76 EFTA01204126  FINE ART HELD BY NARROWS/ LOB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Liegender Weiblicher Akt 1918 SCHIELE, Black crayon on paper EGON 11 x 18 14 / inches 99,000 500,000 500,000 401,000 Triple L Excentric Gyratory Gyratory 1993 RICKEY. Stainless steel GEORGE Height: 20 feet 400,000 400,000 400,000 Etude pour l'acteur and deux profils de Fernande 1904-05 Signed and dated Picasso 22 June 09 PICASSO, Pencil on paper PABLO 19 x 12% inches 1,104,150 1,500,000 1,500,000 395,850 Le singe et le masque 1954 PICASSO, Pen and brush and ink on paper PABLO 9 % x 12 % inches 360,159 750,000 750,000 389,841 Profile of a Man with a Study of a Hand WATTEAU, Circa 1719 JEAN- Black and red chalks on paper ANTOINE 6 1/2 x 9' inches 413,875 800,000 800,000 386,125 INGRES, Raphael and The Fornarina JEAN- Circa 1860 AUGUSTE- Oil on canvas DOMINIQUE 12 14 / x 10 % inches 1,623,750 2,000,000 2,000,000 376,250 Tate de taureau 1935 Dated 4 avril )000/ upper right PICASSO, Colored crayons PABLO 9 14 / x 7 % inches 627,029 1,000,000 1,000,000 372,971 Page 16 of 76 EFTA01204127  FINE ART HELD BY NARROWS/ LDB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED AS Artist Item Description USD) (July 2013) Appraisal) Less Total Paid COLLATERAL Hexen•scene 1921 Watercolor and gouache and collage on paper laid down by the artist on board KLEE, PAUL Image: 12 x 9 inches 335,575 700,000 700,000 364,425 GELLEE, An Extensive Landscape CLAUDE 1645-48 CALLED LE Point of the brush on brown wash on paper LORRAIN 8 % x 12 % inches 893,062 1,250,000 1,250,000 356,938 Saint Eustace (Meder 60, b; Bartsch 57; Schoch/Mende/Scherbaum 32) Circa 1501 WIRER. Engraving ALBRECHT 14 % x 10'/. inches 1,143,188 1,500,000 1,500,000 356,813 Homage to Susan Sontag 1982 TANSEY, Oil on canvas MARK 22 x 36 inches 50,000 400,000 400.000 350,000 Untitled 2012 KELLY, Stainless steel and aluminum, painted finish ELLSWORTH 22 feet 6 inches x 20 inches x 10 feet 9 inches 3,650,750 4,000.000 4,000,000 349,250 La gloire noyee 1881 REDON, Charcoal on paper ODILON 18 x 14 14 / inches 453,000 800.000 800,000 347,000 Diagonal with Curve XVI 1984 KELLY, Mahogany ELLSWORTH 126 x 50 1/4 x 2 1/4 inches 1,665.788 2.000.000 2.000.000 334.213 Page 17 of 76 EFTA01204128  FINE ART HELD BY NARROWS/ LOB SCHEDULE OF UNREALIZED MAY 2014 ALL WORKS 100% OWNED Fair Value (% Sothebys Ownership) or Total Paid (in Appraised Value Cost (if not on Appriasal Value PLEDGED