From: "Jeffrey E." <jeevacation@gmail.com>

From: "Jeffrey E." <jeevacation@gmail.com> To: Richard Kahn • Subject: Re: Giacometti Date: Mon, 08 May 2017 18:39:01 +0000 leon decides On Mon, May 8, 2017 at 2:30 PM, Richard Kahn < please advise if ok for giacometti not to go to hong kong.. thank you Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel cel Begin forwarded message: From: Heather Gray < Subject: FW: Giacometti Date: May 8, 2017 at 11:18:23 AM EDT To: Richard Kahn li i Rich. wrote: Please see my email to Leon below about why Sotheby's does not think the Giacometti should travel to Hong Kong. I think what they said makes sense (our curator was quite concerned about extensive travel given the fragile nature of the sculpture, as was Leon), but I'm running it past Leon who is apparently already on a plane and so won't be available to comment until tomorrow. I'll let you know what he says and please let me know if Jeffrey feels strongly about Hong Kong. My personal feeling is that as long as the right people see it in London, bringing it physically to Hong Kong doesn't matter and probably isn't worth the risk. Amy Cappellazzo at Sotheby's also asked me about the status of the contract. I assume Darren is reviewing it? Best, EFTA01046818 Heather From: Heather Gray Sent: Monday, May 08, 2017 11:14 AM To: Melanie Spinella Subject: Giacometti Hi Melanie, Will you please give Leon this message (or read it to him if he's not yet back and calls in)? Thanks! Heather Dear Leon, I just spoke with Amy Cappellazzo about travel for the Giacometti. She and the Sotheby's team feel that exhibiting the work in Hong Kong does not capture any additional clients and is inadvisable given the fragile nature of the work. Amy spoke with her Hong Kong colleagues over the weekend and they told her that the 4-5 clients who they expect to bid on the Giacometti have all told Sotheby's that they will be in London during the exhibition there. The current plan, then, is to bring the Giacometti to New York now so that it will be on view this weekend and through the sales next week and then to take it to London. I told Amy I thought it would be fine with you for the Giacometti not to travel to Hong Kong given this information, but if you would like it to go to Hong Kong anyway, please let me know. Best, Heather Heather Gray Art Counsel Elysium Management LLC EFTA01046819 445 Park Avenue, Suite 1401 New York, NY 10022 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 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 EFTA01046820