EFTA02711414

From: Richard Joslin Sent: Tuesday, September 16, 2014 1:54 PM To: jeffrey E. Cc: lawrence delson; Heather Gray Subject: RE: Unrealized HI to LO Attachments: UNREALIZED NARROWS LDB ART LO TO HIGH JULY 2014.pdf I apologize, I correct=d the Homage to JS Bach value in this version (last one I will send today). It is not on the appraisal and I had a formula error now fixed. From: Richard Joslin Sent: Tuesday, September 16, 2014 9:50AM To: 'jeffrey E.' Cc: lawrence delson'; Heather Gray Subject: Unrealized HI to LO This is working draft. I added in the 2014 FMV from =otheby's 2014 appraisal. I need to remove works that LDB say were so=d, add some items that I do not have invoices for (that are on appraisal),=etc. Richard Joslin CFO Elysium Management LLC 445 Park Ave Ste. 1401 New York, NY 10022 1 EFTA_R1_02125136 EFTA02711414 2 EFTA_R1_02125137 EFTA02711415