EFTA02651816.pdf

From: jeffrey E. <[email protected]> Sent: Wednesday, April 26, 2017 9:53 PM To: Leon Black Subject: Fwd: update I should land around 930. if you want to talk to me=C2 if you can't get heather. From: Richard Kahn < >> > Looks like we will=take a serious loss . Your price of 25 m dollars was much higher tha= the best guarantee of 14.75 m pounds. We have already written=it down to 20m on the trust books. Heather said Leon trusted Gagosia=, she doesn't . Forwarded message From: Richard Kahn < < > >=span dir=nitr"> Date: Wed, Apr 26, 2017 at 5:30 PM Subject:=Re: update To: Heather Gray < thank you for update and good luck tomorrow h=pe everything goes smoothly i will reach out to c=risties now about separate catalogue and forward sharon response once rece=ved Richard Kahn HBRK Associates Inc. =75 Lexington Avenue 4th Floor New York, NY 10022 tel cell <te On Apr 26, 2017, at 5:27 PM, Heathe= Gray < <mailto » wrote: Hi Rich, EFTA_R1_01894310 EFTA02651816  Sotheby's just came ba=k to us and said they cannot raise the guarantee or the enhanced hammer an= higher, so their offer stands at a guarantee of $18.75 million and an enh=nced hammer of 108% with the overage split 80/20. Leon is planning to call Amy himself in the morning and tell her that she can have the Giac=metti if she comes up to 110% on the enhanced hammer. I'm no= sure if she will be able to go up to 110%, but he wants to try one last t=me. Christie's, as you know, is at an enhanced hammer of=110% with overage split 80/20, stepping down to 107% once the proceeds to =effrey reach GBP 20 million. (Their guarantee was through a third pa=ty guarantor and was capped at $15-16 million.) =p class="MsoNormal">In the meantime, Leon thinks having a separate catal=gue for the Giacometti is an important marketing tool (for what it =99s worth, I agree with him), so he wants to know if Christie's wi=l give the Giacometti both the back cover of the main Evening Sale catalogue (as they had =reviously agreed to do) and a separate catalogue just for the Giacometti. Will you =lease find out from Sharon? Leon says a decision will be made tomorrow morning. =s usual, I'm assuming that he's talking to Jeffrey about a=l of this, but I want to make sure you're in the loop simultaneous=y just in case there are questions. =div dir="ltr"> please note =div>The information contained in this communication is confidential, ma= be attorney-client privileged, may constitute inside information, and =s intended only for the use of the addressee. It is the property of =EE Unauthorized use, disclosure or copying of this communication or =ny part thereof is strictly prohibited and may be unlawful. If you have=received this communication in error, please notify us immediately byreturn e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communicatio= and all copies thereof, including all attachments. copyright -all righ=s reserved please note =he information contained in this communication is confidential, may be =ttorney-client privileged, may constitute inside information, and is in=ended only for the use of the addressee. It is the property of 2 EFTA_R1_01894311 EFTA02651817  JEEUnauthorized use, disclosure or copying of this communication or any p=rt thereof is strictly prohibited and may be unlawful. If you have rece=ved this communication in error, please notify us immediately by ret=rn e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication an= all copies thereof, including all attachments. copyright -all rights r=served --001a113553a2393460054e18ded6-- conversation-id 46137 date-last-viewed 0 date-received 1493243598 flags 8590195713 gmail-label-ids 7 remote-id 708702 3 EFTA_R1_01894312 EFTA02651818