To: Jeffrey Ejjeevacationagmail.comj From: Richard Joslin Sent Tue 5/27/2014 8:02:16 PM Subject: warhol Warhol — 9 Marilyns — Looking to sell for $7.5MM (cost $2.1) — I brought up 1031 exchange. QI cannot be Gagosian. I said that the QI could hire Gagosian or any dealer to sell the work (find buyer) and/or acquire the replacement work. Richard Joslin CFO Elysium Management LLC EFTA_R1_00363751 EFTA01920578