EFTA00818340.txt

"From: "jeffrey E." <[email protected]> To: Melanie Spinella"

"From: Heather Gray <I Date: Thu, Sep 15, 2016 at 8:36 AM Subject: Re: possible sales 9.15.16.xlsx To: "jeffrey E.""

"From: Heather Gray... Cc: Joe Avantario"

"I'll be at 760 Park this morning"

"The information contained in this communication is confidential, may be attorney-client privileged... It is the property of JEE"

"Leon started with a larger list of works for possible sale... the prices at which Christie's thought the works would sell was lower than what he wante"

"Leon initially told Joe... but he told me $30 and $6"

"The first five through Larry Gagosian... Larry is showing the Giacometti and the Picasso"

"Leon initially told Joe that he anticipated selling... I told Joe to use the higher numbers for cash flow purposes"