RE: Art inventory

Jeff E thought the inventory would be done in April. Is it finished? I view this as an important step for the trusts to formulate an art acquisition policy.

Hi Barry,

I am forwarding your email to Rich Joslin of our office. He is the individual who is updating the art inventory and who can give you his timing.

Best regards,

Sent from my iPad

Mr Cohen:

Attached is the current art portfolio for the APO 1 and APO 2 entities. While the vast majority of the items have been checked and verified, we nevertheless are continuing to review records from various sources to ensure we have precise cost, description, etc. for all items, particularly items acquired many years ago. Fair value is based on an appraisal performed by Sotheby's in June 2013.

Please let me know if you have any questions.

Richard Joslin
CFO
Elysium Management LLC

This is very helpful. Thanks. Is there anyone besides Leon who can provide genre/movement (like American Modern, French Impressionist, German Expressionist, Surrealist, etc.) for each work of art. I want to try to formulate a policy for the types of art the Trusts focus on, and I think it would be helpful to have some general descriptors along these lines.

Glad to have a conversation on this if that's easier than responding by email.

I can probably also come up with the descriptors myself, but I figured someone may already know this off the top of his/her head.

Barry

Leon's curator • Diana Howard would have all that information

Thanks. I'll reach out.