EFTA00792629.pdf

2016 Purchases Purchase CHRISTIE'S Price 2017 Purchase (including appraised Unrealized Unrealized Unrealized Owner Artist Title Date sales/use tax) value Gain/Loss Gain Loss AP Narrows SARTO. ANDREA Etude de tete d'homme (redo); Etude 12/18/2016 4.500,000 4,200.000 (300.000) 0 (300.000) DEL d'oeil (verso) AP Narrows REDON. ODILON Captive Pegasus 12/15/2016 145,000 80.000 (65.000) 0 (65.000) 2011 LLC & CEZANNE. PAUL Bouteilles, Pots. Rechaud a Alcoa. 11/23/2016 54.000,000 40,000.000 (14,000.000) 0 (14,000.000) Narrows Pommes (90% owned by 2011 LLC. 10% owned by Narrows) AP Narrows CEZANNE. PAUL Portrait de Vallier de Profif 11/23/2016 30.450,000 35,000.000 4,550.000 4.550,000 0 AP Narrows KELLY, Doorway Shadow, Spencertown 11/22(2016 17,000 17.500 500 500 0 ELLSWORTH AP Narrows KELLY, Hanger Doorway, St. Barthelemy 11/22(2016 17,000 17.500 500 500 0 ELLSWORTH AP Narrows KELLY, Stairway. St. Martin 11/22(2016 17,000 17.500 500 500 0 ELLSWORTH AP Narrows KELLY, Broken Window. Paris 11/2212016 17,000 17.500 500 500 0 ELLSWORTH AP Narrows KELLY, Movie Screen. Waterbury 11/2212016 17,000 17.500 500 500 0 ELLSWORTH AP Narrows KELLY, Wall. Majorca 11/22(2016 17,000 17.500 500 500 0 ELLSWORTH AP Narrows KELLY, Balcony. Belle-Ile-en-Mer 11/22/2016 17,000 18.000 1.000 1,000 0 ELLSWORTH AP Narrows BRANCUSI. Atelier 11/18/2016 260,000 236.000 (24.000) 0 (24.000) CONSTANTIN AP Narrows REMBRANDT Self-Portrait in a Fur Cap 11/15/2016 60,000 60.000 0 0 0 HARMENSZ. VAN RIJN AP Narrows REMBRANDT Self-Portrait in a Heavy Fur Cap 11/15/2016 50,000 50.000 0 0 0 HARMENSZ. VAN RIJN AP Narrows REMBRANDT Self-Portrait in a Soft Cap 11/15/2016 40,000 40.000 0 0 0 HARMENSZ. VAN RIJN AP Narrows REMBRANDT Self-Portrait drawing at a Window 11/15/2016 395,000 400.000 5.000 5.000 0 HARMENSZ. VAN RIJN EFTA00792629 2016 Purchases Purchase CHRISTIE'S Price 2017 Purchase (including appraised Unrealized Unrealized Unrealized Owner Artist Title Date sales/use tax) value Gain/Loss Gain Loss AP Narrows ZUCCARO. Projet de decor de chapelle avec une 11/10/2016 100,000 100.000 0 0 0 TADDEO Annonciation entournee de saint Paul, saint Georges, saint Augustin et un autre saint AP Narrows DURER, St. George on Horseback 11/8/2016 140,000 not on appraisal TBD TBD TBD ALBRECHT AP Narrows HEYDEN The Land of Cockaign 11/8/2016 48,000 20.000 (28.000) 0 (28.000) (ATTRIBUTED TO). PIETER VAN DER, AFTER PIETER BRUEGEL THE ELDER AP Narrows HOFFMANN, HANS Four Feathers 11/1/2016 815,000 1,200.000 385.000 385,000 0 Narrows CONSTABLE. View on the Stour near Dedham, full-scale 9/8/2016 20.400,000 20,000.000 (400.000) 0 (400.000) (Collateral) JOHN sketch Narrows PICASSO. PABLO Buste de femme (Marie-Therese) 8/31/2016 125.200,000 100,000.000 (25.200.000) 0 (25.200.000) Narrows KIEFER. ANSELM Fur Velimir Khlebnikov: Die Lehre vom 8/10/2016 3.400,000 2,800.000 (600.000) 0 (600.000) (Collateral) Krieg: Seeschlachten AP Narrows COSSIERS. JAN The head of a young man, in profile to the 8/8/2016 70,000 65.000 (5.000) 0 (5.000) left AP Narrows TIEPOLO, Head of a boy in a cap. looking up to the 8/8/2016 770,000 700.000 (70.000) 0 (70.000) GIOVANNI left, his left hand to his cheek BATTISTA LDB SACKS. PETER Township 1 7/28/2016 150.000 90.000 (60.000) 0 (60.000) APO-01 SCHWITTERS. Ohne Titel (Heavy relief) 7/26/2016 1.960.000 1,500.000 (460.000) 0 (460.000) KURT Narrows ASSELIJN, JAN Preparatory study for the famous print 6/30/2016 330.000 200.000 (130.000) 0 (130.000) (Collateral) series depicting Rome of G. Perelle no. 4 (from Paul Russell) Narrows AVERCAMP, A winter scene with a fisherman cutting a 6/30/2016 1.375,000 1,000.000 (375.000) 0 (375.000) (Collateral) HENDRIK hole in the ice and children (from Paul Russell) Narrows AVERCAMP, Vessls off the shore. a Gallows in the 6/30/2016 1.000,000 800.000 (200.000) 0 (200.000) (Collateral) HENDRIK middle distance and the City of Amsterdam beyond (from Paul Russell) Page 2 EFTA00792630 2016 Purchases Purchase CHRISTIE'S Price 2017 Purchase (including appraised Unrealized Unrealized Unrealized Owner Artist Title Date sales/use tax) value Gain/Loss Gain Loss Narrows BEERSTRATEN. A large moated castle (from Paul Russell) 6/30/2016 330,000 150.000 (180.000) 0 (180.000) (Collateral) JAN ABRAHAMSZ Narrows BOL. FERDINAND A View of Dordrecht (from Paul Russell) 6/30/2016 550,000 400.000 (150.000) 0 (150.000) (Collateral) Narrows BORCH. GERARD Study of the head of a young man (from 6/30/2016 220.000 80.000 (140.000) 0 (140.000) (Collateral) TER Paul Russell) Narrows BOSSCHAERT. Bacchus (from Paul Russell) 6/30/2016 220,000 200.000 (20.000) 0 (20.000) (Collateral) AMBROSIUS Narrows BOTH. JAN A man holding a basket seen from behind 6/30/2016 200,000 100.000 (100.000) 0 (100.000) (Collateral) (from Paul Russell) Narrows CUYP, AELBERT River landscape Dordrecht (from Paul 6/30/2016 3.000,000 1,500.000 (1,500.000) 0 (1,500.000) (Collateral) JACOBSZ. Russell) Narrows CUYP, AELBERT A ruminating cow (from Paul Russell) 6/30/2016 385,000 250.000 (135.000) 0 (135.000) (Collateral) JACOBSZ. Narrows DOOMER, A ruined thatched hut leaning against a 6/30/2016 250,000 200.000 (50.000) 0 (50.000) (Collateral) LAMBERT farm house, a landscape (from Paul Russell) Narrows DOOMER, Farmhouse near Nantes (from Paul 6/30/2016 220,000 200.000 (20.000) 0 (20.000) (Collateral) LAMBERT Russell) Narrows GHEYN. JACQUES Studies of a woman (recto): Studies of 6/30/2016 825,000 500.000 (325.000) 0 (325.000) (Collateral) DE hands (verso) (from Paul Russell) Narrows GOLTZIUS. Goats (recto and verso) (from Paul 6/30/2016 550,000 500.000 (50.000) 0 (50.000) (Collateral) HENDRIK Russell) Narrows HOOGSTRATEN. John the Baptist in prison receives &norm 6 190.000 100.000 (90.000) 0 (90.000) (Collateral) SAMUEL VAN Christ's answer (Matthew II: 2-6) (from Paul Russell) Narrows KONINCK. PHILIPS View of Zijpe (from Paul Russell) &norm 6 715,000 500.000 (215.000) 0 (215.000) (Collateral) DE Narrows LIEVENS, JAN Portrait, probably of the well-known poet 6/30/2016 550,000 600.000 50.000 50.000 0 (Collateral) Joost van den Vondel (from Paul Russell) Narrows MAES, NICOLAES Study of Hamar pleading with Esther 6/30/2016 200,000 70.000 (130.000) 0 (130.000) (Collateral) (from Paul Russell) Narrows MAES. NICOLAES A View on Dordrecht (from Paul Russell) 6/30/2016 500,000 500.000 0 0 0 (Collateral) Narrows MAES. NICOLAES Haman asks Esther for mercy (from Paul 6/30/2016 200,000 300.000 100.000 100.000 0 (Collateral) Russell) Narrows POTTER, PAULUS Bull (from Paul Russell) 6/30/2016 165,000 100.000 (65.000) 0 (65.000) (Collateral) Page 3 EFTA00792631 2016 Purchases Purchase CHRISTIE'S Price 2017 Purchase (including appraised Unrealized Unrealized Unrealized Owner Artist Title Date sales/use tax) value Gain/Loss Gain Loss Narrows PYJNACKER. Bridge in an Italianate landscape (from 6/30/2016 275,000 100.000 (175.000) 0 (175.000) (Collateral) ADAM Paul Russell) Narrows REMBRANDT Josef pulled out of the well by his brothers 6/30/2016 5.000,000 3,000.000 (2,000.000) 0 (2,000.000) (Collateral) HARMENSZ. VAN (from Paul Russell) RIJN Narrows REMBRANDT Farm with a dovecote and a hayrick 6/30/2016 11.000,000 10,000.000 (1,000.000) 0 (1,000.000) (Collateral) HARMENSZ. VAN among trees (from Paul Russell) RIJN Narrows ROGHMAN. Castle of Kapelle (from Paul Russell) 6/30/2016 165.000 200.000 35.000 35.000 0 (Collateral) ROELANDT Narrows RUYSDAEL. Panoramic view of Wageningen (recto); 6/30/2016 715,000 500.000 (215.000) 0 (215.000) (Collateral) JACOB ISAACKSZ. Sketch of a riverbank (verso) (from Paul VAN Russell) Narrows VAN HAARLEM. Studies of Figures for Representation of 6/30/2016 600.000 600.000 0 0 0 (Collateral) CORNELIS the Flood (recto): figure studies (verso) (from Paul Russell) Narrows VAN OSTADE. A peasant couple carousing in a garden 6/30/2016 940,000 500.000 (440.000) 0 (440.000) (Collateral) ADRIAEN (from Paul Russell) Narrows VELDE. ADRIAEN Two female nudes (from Paul Russell) 6/30/2016 440,000 350.000 (90.000) 0 (90.000) (Collateral) VAN DE Narrows VELDE. JAN VAN Landscape (from Paul Russell) 6/30/2016 385,000 300.000 (85.000) 0 (85.000) (Collateral) DE Narrows VENNE. ADRIAEN Couple (from Paul Russell) 6/30/2016 330,000 300.000 (30.000) 0 (30.000) (Collateral) PIETERSZ VAN DE Narrows VISSCHER. Young moor with an arrow (from Paul 6/30/2016 330,000 350.000 20.000 20,000 0 (Collateral) CORNELIS Russell) Narrows WIERINGEN. Fishing boats in a rough sea (from Paul 6/30/2016 300,000 100.000 (200.000) 0 (200.000) (Collateral) CORNELIS Russell) CLAESZ. VAN AP Narrows GAUGUIN, PAUL Oviri 5/26/2016 230,000 220.000 (10.000) 0 (10.000) Narrows CALDER, Jenny Sargent McKean 5/10/2016 1.100,000 2,000.000 900.000 900,000 0 (Collateral) ALEXANDER Narrows TITIAN Study of a Kneeling Man 4/21/2016 6.900,000 6,300.000 (600.000) 0 (600.000) (Collateral) LOB SAINT-AUBIN. L'Incendie de ('Hotel-Dieu en 1772 4/19/2016 460,000 450.000 (10.000) 0 (10.000) GABRIEL DE Page 4 EFTA00792632 2016 Purchases Purchase CHRISTIE'S Price 2017 Purchase (including appraised Unrealized Unrealized Unrealized Owner Artist Title Date sales/use tax) value Gain/Loss Gain Loss LOB KIRCHNER, Steigendes Pferd mit Reiter 3/31/2016 150,000 not on appraisal TBD TBD TBD ERNST LUDWIG Narrows SAMARAS, LUCAS Box #4 3/8/2016 650,000 750.000 100.000 100,000 0 (Collateral) LOB RYDINGSVARD. Sunrises Thin Rays. GL10463 2/29/2016 13,000 15.000 2.000 2,000 0 URSULA VON LOB RYDINGSVARD. Untitled. GL 10213 2/29/2016 13,000 15.000 2.000 2.000 0 URSULA VON LOB RYDINGSVARD. Untitled. GL 10267 2/29/2016 13.000 15.000 2.000 2.000 0 URSULA VON LOB RYDINGSVARD. Untitled. GL10214 2/29/2016 13.000 15.000 2.000 2.000 0 URSULA VON LOB RYDINGSVARD. Untitled. GL10462 2/29/2016 13,000 15.000 2.000 2,000 0 URSULA VON LOB RYDINGSVARD. Untitled. GL10464 2/29/2016 13,000 15.000 2.000 2,000 0 URSULA VON Narrows RYDINGSVARD. Dottir 2/17/2016 560,000 500.000 (60.000) 0 (60.000) (Collateral) URSULA VON LOB GILLOT. CLAUDE Le tombeau de Maitre Andre 2/3/2016 150.000 100.000 (50.000) 0 (50.000) APO-01 DESPREZ. JEAN- La Chimere de Monsieur Desprez 1/13/2016 100,000 60.000 (40.000) 0 (40.000) LOUIS APO-01 DURER. Samson rending the Lion 1/13/2016 700,000 600.000 (100.000) 0 (100.000) ALBRECHT 286.605.000 242.284.000 (44.031.000) 6.161.000 (50.192.000) Page 5 EFTA00792633 2016 Sales Purchase Realized Realized Realized Owner Artist Title Sale Date Date Sale Price Basis Gain/ (Loss) Gain (Loss) AP Narrows GIACOMETTI, Figure moyenne II 11/23/16 12/16/98 25.000,000 2.992,750 22,007250 22,007,250 0 ALBERTO* Narrows BRAQUE, Le Gueridon 11/23/16 7/8/99 5,000,000 1,732,000 3,268,000 3,268,000 0 (Collateral) GEORGES* Noel Calb N/A A dry-lacquered wood figure 11/15/16 12/14/94 623,379 74,151 549,228 549,228 0 of Buddha Sakyamuni AP Narrows MATTA, ROBERTO San titre 5/25/16 12/6/05 160,500 233,006 (72,506) 0 (72,506) AP Narrows AVERY, MILTON Early Spring 5/19/16 1/1/83 481,500 125,000 356,500 356,500 0 AP Narrows HALS, FRANS Portrait of a Gentleman, half- 5/17/16 3/19/09 4,950,000 5,263,016 (313,016) 0 (313,016) length, in a black hat AP Narrows DALI. SALVADOR Paysage (Idyllic Scene) 5/13/16 pre-2015 160,500 0 160,500 160,500 0 (gift) Noel Calb GERICAULT. Leda and the Swan 4/13/16 10/26/11 963,000 1,088,750 (125,750) 0 (125,750) THEODORE APO-01 PICASSO, PABLO The Three Graces 2/10/16 6/17/13 245,000 244,969 31 31 0 Narrows SEVERINI, GINO L'autobus 2/3/16 1/8/07 601,013 1.418,229 (817,216) 0 (817,216) 38,184,892 13,171,871 25,013,021 26,341,509 (1,328,488) 'Giacometti and Braque were each sold as part of 1031 exchanges, so the gain realized on the sale of each work will not be recognized until the Cezannes acquired in the exchange (Bouteilles. Pots. Rechaud a Alcoa, Pommes and Portrait de Vallier de Profit) are sold. EFTA00792634