EFTA00592228.pdf

ALL ART - 3/19/17 CHRISTIE'S 5/11/16 appraised value or purchase price + Unrealized Unrealized Owner Artist Title Basis sales tax Gain/Loss Unrealized Gain Loss Pent TURNER. JOSEPH Seascape: Folkestone 15,000.000 80,000.000 65.000,000 65,000.000 0 Holdings WILLIAM MALLORD Narrows CEZANNE, PAUL Le Château Noir 11,500.000 50.000.000 38.500,000 38,500.000 0 (Collateral) Narrows MONDRIAN, PIET Composition C with Grey and Red 2,700.000 40,000.000 37.300,000 37,300.000 0 (Collateral Narrows MALEVICH, KAZIMIR Extended Plane (Plan en extension) 15,500.000 50,000.000 34.5O0,000 34,500.000 0 (Collateral) Joint KIRCHNER. ERNST Beliner Strassenszene [LDB owns 50% of this 19,000.000 50,000.000 31.000,000 31,000.000 0 LUDWIG work. The appraised value shown is for the entire work.) APO-01 MALEVICH, KAZIMIR Plane in Rotation (Black Circle) 20,000.000 50,000.000 30.0O0,000 30,000.000 0 Narrows BRANCUSI. La Muse 10,500.000 40,000.000 29.500,000 29,500.000 0 (Collateral) CONSTANTIN Joint BECKMANN. MAX Self-portrait with horn [LDB owns 50% of this work. 11.300.000 40.000.000 28.700,000 28,700.000 0 The appraised value shown is for the entire work.) Narrows CEZANNE, PAUL La carriere de Bibernus 7.500.000 35.000.000 27.500.000 27,500.000 0 (Collateral) Narrows LEGER. FERNAND Femme courant 16.000.000 40.000.000 24.000.000 24.000.000 0 (Collateral) Narrows BRANCUSI. Oiseau dans l'espace 27.500.000 50.000.000 22.500,000 22,500.000 0 (Collateral) CONSTANTIN Narrows MONET, CLAUDE Nympheas 22,500.000 45,000.000 22.500,000 22,500.000 0 (Collateral) Narrows CEZANNE, PAUL Grenade et poires dans une assiette 3,500.000 25,000.000 21.500,000 21,500.000 0 (Collateral) AP Narrows LICHTENSTEIN, ROY Nude with Abstract Painting 4,300.000 25,000.000 20.700,000 20,700.000 0 Narrows PICASSO, PABLO Buste de femme 9,500.000 30.000.000 20.500,000 20,500.000 0 (Collateral) Narrows MUNCH. EDVARD Melancholy 11.000.000 30.000.000 19.000,000 19,000.000 0 (Collateral) Narrows PICASSO. PABLO Femme nue (painting) (3YKD2) 11.000.000 30.000.000 19.000,000 19.000.000 0 (Collateral) EFTA00592228 ALL ART - 3/19/17 CHRISTIE'S 5/11/16 appraised value or purchase price + Unrealized Unrealized Owner Artist Title Basis sales tax Gain/Loss Unrealized Gain Loss Narrows TURNER. JOSEPH Goldau 1,300.000 20,000.000 18.700,000 18,700.000 0 (Collateral) WILLIAM MALLORD Narrows PICASSO, PABLO Fernande Olivier (sculpture). 1909 (3XJHP) 2,750.000 20.000.000 17.250,000 17,250.000 0 (Collateral) Narrows GOGH, VINCENT VAN Jardin de fleurs 8,500.000 25,000.000 16.5O0,000 16,500.000 0 Narrows CEZANNE, PAUL Crane sur une draperie (recto): Arbres et rochers a 1,750.000 17,500.000 15.750,000 15,750.000 0 (Collateral) Bibemus (verso) Narrows REMBRANDT An old bearded man, seated 2,450.000 18,000.000 15.550,000 15,550.000 0 (Collateral) HARMENSZ. VAN RIJN Narrows MATISSE. HENRI Marocaine en jaune (Zorah en jaune) 10,000.000 25,000.000 15.0O0,000 15,000.000 0 (Collateral) APO-01 GOGH, VINCENT VAN Carriere pits de Saint-Remy 46,000.000 60,000.000 14.000,000 14,000.000 0 APO-01 DEGAS. EDGAR Les chevaux de courses 8.300.000 20.000.000 11.700.000 11.700.000 0 Narrows MICHELANGELO The Risen Christ (recto): Figure studies (verso) 13,300.000 25,000.000 11.7O0,000 11,700.000 0 AP Narrows MATISSE. HENRI Amphitrite 6.000.000 17.500.000 11.500,000 11,500.000 0 2011 LLC MONDRIAN. PIET Composition with Color Planes and Grey Lines 1 8.800.000 20.000.000 11.200,000 11,200.000 0 Narrows CEZANNE, PAUL Le Jardinier Vallier; Le Marin 49.000.000 60.000.000 11,000,000 11.000.000 0 (Collateral) Narrows RODIN, AUGUSTE Iris. messagere de Dieux 1.000.000 12.000.000 11.000,000 11,000.000 0 (Collateral) 2011 LLC SCHIELE. EGON Flusslandschaft mit zwei Baumen 24,000.000 35.000.000 11.000.000 11,000.000 0 Narrows KANDINSKY. Improvisation 8 25.000.000 35.000.000 10.000,000 10,000.000 0 (Collateral) WASSILY Narrows DEGAS. EDGAR Danseuses 11.000.000 20.000.000 9.000,000 9,000.000 0 (Collateral) Narrows MANET. EDOUARD Huitres 6,000.000 15,000.000 9.000,000 9,000.000 0 (Collateral) Promised SERRA. RICHARD Torqued Ellipse IV [LDB owns 50% of this work. 1.000.000 10,000.000 9.000,000 9,000.000 0 The appraised value shown is for the entire work.] Narrows MIRO. JOAN Corde et personnages II 6.500.000 15.000.000 8.500,000 8,500.000 0 (Collateral) Page 2 EFTA00592229 ALL ART - 3/19/17 CHRISTIE'S 5/11/16 appraised value or purchase price + Unrealized Unrealized Owner Artist Title Basis sales tax Gain/Loss Unrealized Gain Loss Narrows SERRA, RICHARD Double Torqued Ellipse II 1.500.000 10.000.000 8.500,000 8,500.000 0 (Collateral) Narrows DE CHIRICO. La Surprise 4.200.000 12,500.000 8.300,000 8,300.000 0 (Collateral) GIORGIO Narrows BECKMANN, MAX Tanzerin mit Tamburin 1,825.000 10,000.000 8.175,000 8,175.000 0 (Collateral) Promised BRONZINO, AGNOLO Seated Male Nude [LDB owns 50% of this work. 2,000.000 10,000.000 8.000,000 8,000.000 0 The appraised value shown is for the entire work.) Promised SMITH, DAVID Sentinel [LDB owns 66.67% of this work. The 2,275.000 10,000.000 7.725,000 7,725.000 0 appraised value shown is for the entire work.) Narrows MIRO. JOAN Oiseau 1,000.000 8,500.000 7.5O0,000 7,500.000 0 (Collateral) Promised BRAOUE. GEORGES La table [LDB owns 50% of this work. The 2,650.000 10,000.000 7.350,000 7,350.000 0 appraised value shown is for the entire work.) Narrows RAPHAEL Head of a Muse 43,000.000 50,000.000 7.000,000 7,000.000 0 (Collateral) (RAFFAELLO SANZIO) Narrows SERRA. RICHARD Betwixt the Torus and Sphere 2,600.000 9,000.000 6.400,000 6,400.000 0 (Collateral) Narrows MUNCH, EDVARD Kiosterudgarden (Aasgaardstrand) 2,250.000 8,500.000 6.250,000 6,250.000 0 (Collateral) AP Narrows WARHOL. ANDY Nine Multicolored Marilyns (Reversal Series) 2.300.000 8.500.000 6.200.000 6.200.000 0 Narrows CHARDIN. JEAN- Panier de p€ches. raisin blanc et noir avec 2.300.000 8.000.000 5.700,000 5,700.000 0 (Collateral) SIMEON rafraichissoir et verre a pied Narrows DEGAS. EDGAR Le Repos 3.800.000 8,500.000 4.700,000 4,700.000 0 (Collateral) Narrows GAUGUIN. PAUL Cylinder with Two Figures 8,000.000 12,500.000 4.5O0,000 4,500.000 0 (Collateral) Narrows MOORE. HENRY Two-Piece Reclining Figure: Points 4,000.000 8,500.000 4.500,000 4,500.000 0 (Collateral) Narrows SMITH, DAVID Voltri-Bolton I 2,500.000 7,000.000 4.5O0,000 4,500.000 0 (Collateral) Narrows PICASSO, PABLO Tete a la pipe 1,600.000 6,000.000 4.400,000 4,400.000 0 (Collateral) Narrows MATISSE. HENRI Jeannette III 1.650.000 6.000.000 4.350,000 4.350.000 0 (Collateral) Page 3 EFTA00592230 ALL ART - 3/19/17 CHRISTIE'S 5/11/16 appraised value or purchase price + Unrealized Unrealized Owner Artist Title Basis sales tax Gain/Loss Unrealized Gain Loss Narrows PICASSO, PABLO Study for 'Nude with Drapery' 700.000 5,000.000 4.300,000 4,300.000 0 (Collateral) Narrows ENSOR. JAMES Le grand juge 1.200.000 5,000.000 3.800,000 3,800.000 0 (Collateral) Narrows RODIN, AUGUSTE Le Penseur, petit modele 250.000 4,000.000 3.750,000 3,750.000 0 (Collateral) Narrows DELACROIX, EUGENE Choc de cavaliers arabes 8,300.000 12,000.000 3.700,000 3,700.000 0 (Collateral) Narrows LEONARDO DA VINCI Madonna del Gatto 3,400.000 7,000.000 3.600,000 3,600.000 0 (Collateral) Narrows MIRO. JOAN Femme poignardee par le soleil recitant des 1,400.000 5,000.000 3.600,000 3,600.000 0 (Collateral) poemes fuses en formes geometrigues du vol musical chauve-souris crachat de la mer Narrows PICASSO, PABLO Study for 'Head for Nude with Drapery' 475.000 4,000.000 3.525,000 3,525.000 0 (Collateral) 2011 LLC CALDER. ALEXANDER Portrait de Fernand Leger 1,000.000 4,500.000 3.5O0,000 3,500.000 0 Narrows KANDINSKY, Entwurf zu "Komposition VII" 1,500.000 5,000.000 3.5O0,000 3,500.000 0 (Collateral) WASSILY Promised LEYDEN. LUCAS VAN The Angel Gabriel for an Annunciation [LDB owns 3,000.000 6.500.000 3.500,000 3,500.000 0 44.22% of this work. The appraised value shown is for the entire work) APO-01 MATISSE. HENRI Figure decorative (Grand nu assis, accoude sur 14,000.000 17,500.000 3.500,000 3,500.000 0 cube) Narrows SCHIELE, EGON Zwei Akte 600.000 4,000.000 3.400,000 3,400.000 0 (Collateral) Narrows PICASSO. PABLO Bouteille et verre 700.000 4.000.000 3.300,000 3,300.000 0 (Collateral) Narrows POLLOCK. JACKSON Number 8. 1951 1.250.000 4.500.000 3.250.000 3,250.000 0 (Collateral) Narrows MATISSE. HENRI Jeannette IV 1.800.000 5.000.000 3.200.000 3,200.000 0 (Collateral) Narrows MAILLOL. ARISTIDE L'Air (premier eta!) 825.000 4.000.000 3.175.000 3,175.000 0 (Collateral) Narrows CANALETTO The annual visit of the Doge to the Church of Santa 900.000 4,000.000 3.100,000 3,100.000 0 (Collateral) (ANTONIO CANAL) Maria della Salute. Venice Page 4 EFTA00592231 ALL ART - 3/19/17 CHRISTIE'S 5/11/16 appraised value or purchase price + Unrealized Unrealized Owner Artist Title Basis sales tax Gain/Loss Unrealized Gain Loss Narrows BRUEGEL THE The Drunkard Pushed into the Pigsty 5,000.000 8,000.000 3.000,000 3,000.000 0 (Collateral) ELDER. PIETER Narrows DEGAS. EDGAR Etude de nu pour 'La petit danseuse de quatorze 1,000.000 4,000.000 3.000,000 3,000.000 0 (Collateral) ans' Narrows GORKY. ARSHILE Two Figures in an Interior (Agony) 3,000.000 6,000.000 3.000,000 3,000.000 0 (Collateral)._ Narrows LEGER, FERNAND Dessin pour 'L'escalier' 1,100.000 4,000.000 2.900,000 2,900.000 0 (Collateral) APO-01 BRANCUSI. Le Baiser 9,700.000 12,500.000 2.800,000 2,800.000 0 CONSTANTIN APO-01 PICASSO. PABLO Acrobate 3.250.000 6.000.000 2.750.000 2.750.000 0 Narrows KLEE, PAUL Konigsburg 1,300.000 4,000.000 2.700,000 2,700.000 0 (Collateral) Narrows TURNER. JOSEPH The Grand Canal. with Santa Maria della Salute, 850.000 3,500.000 2.650,000 2,650.000 0 (Collateral) WILLIAM MALLORD from near the Hotel Europa Promised GRAF. URS A mercenary holding the banner of the Canton 475.000 3,000.000 2.525,000 2,525.000 0 Glarus [LDB owns 50% of this work. The appraised value shown is for the entire work.] AP Narrows MANZONI, PIERO Achrome, 1958-1959 70.000 2,500.000 2.430,000 2,430.000 0 APO-01 GAUGUIN. PAUL Le peintre Roy 2.600.000 5.000.000 2.400,000 2,400.000 0 2011 LLC MONDRIAN. PIET Church Façade 4 (Domburg) 1.600.000 4.000.000 2.400.000 2.400.000 0 Narrows GOYA. FRANCISCO Maya y Celestina 650.000 3.000.000 2.350,000 2,350.000 0 (Collateral) DE APO-01 LEGER. FERNAND Les fumees sur les toits 1.650.000 4.000.000 2.350,000 2,350.000 0 Narrows KELLY. ELLSWORTH Blue White 2.250.000 4.500.000 2.250,000 2,250.000 0 (Collateral) Narrows MATISSE. HENRI Jeannette V 2.750.000 5.000.000 2.250,000 2,250.000 0 (Collateral) Narrows CEZANNE, PAUL Groupe 1,300.000 3,500.000 2.200,000 2,200.000 0 (Collateral) Narrows REDON. ODILON Bouquet de fleurs 2,800.000 5,000.000 2.200,000 2,200.000 0 (Collateral) Joint KIRCHNER. ERNST Stehendes Madchen. Karyatide [LDB owns 50% of 1,350.000 3.500.000 2.150,000 2,150.000 0 LUDWIG this work. The appraised value shown is for the entire work.] Narrows SEURAT. GEORGES La Nourrice 850.000 3,000.000 2.150,000 2,150.000 0 (Collateral) Page 5 EFTA00592232 ALL ART - 3/19/17 CHRISTIE'S 5/11/16 appraised value or purchase price + Unrealized Unrealized Owner Artist Title Basis sales tax Gain/Loss Unrealized Gain Loss Narrows LEONARDO DA VINCI Old woman with beetling brow, wearing a tall pointy 360.000 2.500.000 2.140,000 2,140.000 0 (Collateral) hat. in bust-length profile Narrows LEONARDO DA VINCI Snub-nosed man with a cowled hat. in bust-length 360.000 2,500.000 2.140,000 2,140.000 0 (Collateral) profile Narrows CEZANNE, PAUL Baigneuses 930.000 3,000.000 2.070,000 2,070.000 0 (Collateral) Narrows GOYA, FRANCISCO Gimiendo y Ilorando (Weeping and Wailing) 940.000 3,000.000 2.060,000 2,060.000 0 (Collateral) DE APO-01 PICASSO. PABLO Figure surrealiste 950.000 3.000.000 2.050.000 2.050.000 0 Narrows LEGER, FERNAND Contraste de formes 1,500.000 3,500.000 2.000,000 2,000.000 0 (Collateral) Narrows RAPHAEL Head of a Young Apostle 48,000.000 50,000.000 2.000,000 2,000.000 0 (Collateral) (RAFFAELLO SANZIO) APO-01 SEVERINI. GINO II tango Argentino 530.000 2,500.000 1.970,000 1,970.000 0 Narrows DAVID. JACQUES- Portrait de Francois-Antoine Rasse, Prince de 2.100.000 4.000.000 1.900,000 1,900.000 0 (Collateral) LOUIS Gavre Narrows PICASSO, PABLO Tete de Fernande (sculpture), 1906 (3XY2L) 625.000 2.500.000 1.875,000 1,875.000 0 (Collateral) Narrows GOGH. VINCENT VAN Les toils. Arles 1.250.000 3.000.000 1.750,000 1.750.000 0 (Collateral) Narrows FRIEDRICH. CASPAR Das grosse Gehege, bei Dresden 1.300.000 3.000.000 1.700,000 1,700.000 0 (Collateral) DAVID 2011 LLC PICASSO. PABLO Deux femmes 2,300.000 4.000.000 1.700,000 1,700.000 0 AP Narrows PICASSO, PABLO La femme qui pleure 1.300.000 3.000.000 1.700,000 1,700.000 0 Promised LEONARDO DA VINCI Sketches for the movement of water: Standing 330.000 2,000.000 1.670,000 1,670.000 0 Hercules. holding a club, seen from the front: and a Man sheathing or unsheathing a sword (recto); Standing Hercules holding a club (verso) [LDB owns 50% of this work. The appraised value shown is for the entire work.] APO-01 ARP. JEAN Fantome flairant un nombril 1,400.000 3.000.000 1.600,000 1,600.000 0 2011 LLC SEURAT. GEORGES Le chien noir (Etude pour 'Un Dimanche a la 1,400.000 3.000.000 1.600,000 1,600.000 0 Grande Jane') Narrows GOYA. FRANCISCO Three people round a dying man 475.000 2,000.000 1.525,000 1,525.000 0 (Collateral) DE Page 6 EFTA00592233 ALL ART - 3/19/17 CHRISTIE'S 5/11/16 appraised value or purchase price + Unrealized Unrealized Owner Artist Title Basis sales tax Gain/Loss Unrealized Gain Loss Narrows BLAKE, WILLIAM God Blessing the Seventh Day 2.000.000 3.500.000 1.500,000 1,500.000 0 (Collateral) APO-01 BURRI. ALBERTO Bianco cretto 1.000.000 2.500.000 1.500,000 1,500.000 0 APO-01 ENSOR. JAMES Les bons juges 1.500.000 3.000.000 1.500,000 1,500.000 0 Narrows GOYA. FRANCISCO La culpa es tuya (It's all your fault) 2,500.000 4,000.000 1.500,000 1,500.000 0 (Collateral) DE AP Narrows MATISSE. HENRI Nu aux souliers roses 2.500.000 4.000.000 1.500.000 1.500.000 0 AP Narrows REMBRANDT Christ Healing the Sick: The Hundred Guilder Print' 2,000.000 3,500.000 1.500,000 1,500.000 0 HARMENSZ. VAN RIJN Narrows BONNARD. PIERRE Jeunes femmes au jardin 2.600.000 4.000.000 1.400,000 1,400.000 0 (Collateral) Narrows MANET. EDOUARD Portrait de Constantin Guys 1,600.000 3,000.000 1.400,000 1,400.000 0 (Collateral) APO-01 SEURAT. GEORGES Le manteau blanc (Promeneuse au parapluie) 1,600.000 3,000.000 1.400,000 1,400.000 0 Narrows RODIN, AUGUSTE Les Bourgeois de Calais 630.000 2.000.000 1.370,000 1,370.000 0 (Collateral) AP Narrows BURNE-JONES. L'Amor the muove it Sole e l'altre Stelle (The love 135.000 1,500.000 1.365,000 1,365.000 0 EDWARD that moves the sun and the other stars), Dante: Paradiso. XXXIII AP Narrows AVERY. MILTON Conversation 650.000 2.000.000 1.350.000 1.350.000 0 Narrows GOYA. FRANCISCO A Boy with a Blind Woman 650.000 2.000.000 1.350.000 1.350.000 0 (Collateral) DE Narrows GOYA. FRANCISCO A Prisoner 650.000 2.000.000 1.350,000 1.350.000 0 (Collateral) DE Narrows MIRO. JOAN Spanish Dancer 8.650.000 10.000.000 1.350,000 1,350.000 0 (Collateral) Narrows COROT. JEAN- Le Rageur, For& de Fontainebleau 700.000 2,000.000 1.300,000 1,300.000 0 (Collateral) BAPTISTE-CAMILLE Narrows SEURAT. GEORGES Rayons 700.000 2,000.000 1.300,000 1,300.000 0 (Collateral) Narrows SEURAT. GEORGES Arbres et bateaux 1,750.000 3,000.000 1.250,000 1,250.000 0 (Collateral) AP Narrows DEGAS. EDGAR Le pas battu 2.300.000 3.500.000 1.200.000 1.200.000 0 APO-01 FONTANA, LUCIO Concetto spaziale 1.300.000 2.500.000 1.200,000 1,200.000 0 Page 7 EFTA00592234 ALL ART - 3/19/17 CHRISTIE'S 5/11/16 appraised value or purchase price + Unrealized Unrealized Owner Artist Title Basis sales tax Gain/Loss Unrealized Gain Loss Narrows GIACOMETTI. DIEGO Grande table hexagonate aux arbres (SRZJC) avec 1.000.000 2,200.000 1.200,000 1,200.000 0 modele de chaise (8) (6367238) AP Narrows PICASSO. PABLO La Minotauromachie 1.300.000 2.500.000 1.200,000 1.200.000 0 Narrows TANSEY. MARK Homage to Susan Sontag 50.000 1.250.000 1.200.000 1.200.000 0 (Collateral) Narrows GOYA. FRANCISCO La Bouillie: beggars eating mash 375.000 1.500.000 1.125.000 1.125.000 0 (Collateral) DE APO-01 DELAUNAY. ROBERT Tour Eiffel 230.000 1.250.000 1.020,000 1,020.000 0 Narrows CEZANNE, PAUL Sous-bois (recto); Chapeau et fleurs dans une 3,000.000 4,000.000 1.000,000 1,000.000 0 (Collateral) bouteille (verso) Narrows DEGAS. EDGAR Aux courses 1,000.000 2,000.000 1.000,000 1,000.000 0 (Collateral) Narrows GOYA. FRANCISCO Young woman fainting, surrounded by witches 400.000 1,400.000 1.000,000 1,000.000 0 (Collateral) DE Promised INGRES. JEAN- Virgil reading the Aeneid to Augustus, Livia, and 600.000 1,600.000 1.000,000 1,000.000 0 AUGUSTE- Octavia drawing [LDB owns 40% of this work. The DOMINIQUE appraised value shown is for the entire work.] AP Narrows PICASSO, PABLO Paysage^ 2.500.000 3.500,000 1.000.000 1,000.000 0 (Collateral) Narrows PONTORMO (JACOPO Study of a seated youth (redo); Study of a lower 9,000.000 10,000.000 1.000,000 1,000.000 0 (Collateral) CARUCCI) torso and legs (verso) AP Narrows REMBRANDT Christ Crucified Between Two Thieves (The Three 1.500.000 2.500.000 1.000,000 1,000.000 0 HARMENSZ. VAN Crosses), third state (4GXJF) RIJN AP Narrows MUNCH. EDVARD Vampyre II 265.000 1.200.000 935.000 935.000 0 Narrows SIGNORELLI. LUCA Study for a Seated Prophet 900.000 1.800.000 900,000 900.000 0 (Collateral) Narrows FRAGONARD. JEAN- La lecture 650.000 1.500.000 850,000 850.000 0 (Collateral) HONORE Narrows GIACOMETTI. Earthenware fireplace surround 400.000 1,250.000 850,000 850.000 0 ALBERTO AP Narrows MOORE. HENRY Seated Woman on Bench 160.000 1.000.000 840,000 840.000 0 Narrows ARP. JEAN Constellation de quatre formes blanches et no 450.000 1.250.000 800.000 800.000 0 (Collateral) Page 8 EFTA00592235 ALL ART - 3/19/17 CHRISTIE'S 5111/16 appraised value or purchase price + Unrealized Unrealized Owner Artist Title Basis sales tax Gain/Loss Unrealized Gain Loss Narrows BALDUNG, HANS Head of a man, in three-quarter-profile to the left 3.700.000 4,500.000 800,000 800.000 0 (Collateral) (recto): Heraldic sketches (verso) Narrows DAUMIER, HONORE La Parade 1.200.000 2.000.000 800,000 800.000 0 (Collateral) Narrows MATISSE. HENRI Venus a la coquille II 700.000 1,500.000 800,000 800.000 0 (Collateral) Narrows THIEBAUD. WAYNE Pink Swirl 120.000 900.000 780,000 780.000 0 (Collateral) Promised GAUGUIN. PAUL Paysage et etudes de Pont-Aven [LDB owns 50% 725.000 1,500.000 775,000 775.000 0 of this work. The appraised value shown is for the entire work.) APO-01 FRAGONARD. JEAN- Le petit parc (Les jardins de la villa =) 1,250.000 2,000.000 750,000 750.000 0 HONORE Narrows PRUD'HON. PIERRE- Study for an Allegory of the Rhine River 450.000 1,200.000 750,000 750.000 0 (Collateral) PAUL Narrows TOULOUSE- La Coiffure 1,000.000 1,750.000 750,000 750.000 0 (Collateral) LAUTREC, HENRI DE Narrows VAN DYCK. SIR Two Studies of a Bearded Man 7,250.000 8,000.000 750,000 750.000 0 (Collateral) ANTHONY Promised CALLOT. JACQUES Louis de Lorraine-Guise. Prince de Phalsbourg 285.000 1,000.000 715,000 715.000 0 [LOB owns 50% of this work. The appraised value shown is for the entire work.) Narrows CEZANNE, PAUL Portrait du fits de ['artiste (recto): Scene illustrant 800.000 1.500.000 700,000 700.000 0 (Collateral) un 'tit romantique (verso) AP Narrows LIOTARD. JEAN- Femme Turque au tambourin 1,300.000 2,000.000 7O0,000 700.000 0 ETIENNE Narrows MATISSE. HENRI Femme assise en blouse roumaine motifs de 3,300.000 4,000.000 700,000 700.000 0 (Collateral) broderie 2011 LLC PICASSO. PABLO Jeune homme et cheval 1.800.000 2.500.000 700.000 700.000 0 Narrows PRUD'HON. PIERRE- A woman seated holding a distaff (Clotho The 500.000 1.200.000 700,000 700.000 0 (Collateral) PAUL Spinner). with two dogs at her feet AP Narrows BECKMANN. MAX Kleines Rosenstilleben mit blauem Spiegel 325.000 1.000.000 675,000 675.000 0 AP Narrows GERICAULT. Black Stallion in a Stable 325.000 1.000.000 675,000 675.000 0 THEODORE Narrows SCHWITTERS. KURT Ohne Titel: Kurt Schwitters. Schriftsteller 200.000 850.000 650.000 650.000 0 (Collateral) Page 9 EFTA00592236 ALL ART - 3/19/17 CHRISTIE'S 5/11/16 appraised value or purchase price + Unrealized Unrealized Owner Artist Title Basis sales tax Gain/Loss Unrealized Gain Loss Promised FRIEDRICH. CASPAR View of the Island of Rugen with a Shepherd and 375.000 1.000.000 625,000 625.000 DAVID his dog (LDB owns 50% of this work. The appraised value shown is for the entire work] Narrows CASTELLANI. ENRICO Superficie bianca 400.000 1.000.000 600,000 600.000 0 (Collateral) Narrows LORRAIN. CLAUDE Landscape 900.000 1.500.000 600.000 600.000 0 (Collateral) (CLAUDE GELLEE) Narrows PICASSO, PABLO Arlequin moustachu a la guitare 650.000 1.250.000 600,000 600.000 0 (Collateral) Narrows PICASSO, PABLO Femme nue (drawing). 3XJH6 650.000 1,250.000 600,000 600.000 0 (Collateral) Narrows REMBRANDT Christ Crucified Between Two Thieves (The Three 1,400.000 2,000.000 600,000 600.000 0 (Collateral) HARMENSZ. VAN Crosses), fourth state (4GXJG) RIJN Narrows TIEPOLO, GIOVANNI The Firing Squad 225.000 800.000 575,000 575.000 0 (Collateral) BATTISTA LDB GIACOMETTI. DIEGO Lustre prevu pour l'entree du Musee Picasso a 1.450.000 2.000.000 550,000 550.000 0 l'Hotel Sale (chandelier) Narrows SCHIELE. EGON Selbstbildnis 150.000 700.000 550.000 550.000 0 (Collateral) Narrows KLEE. PAUL Hexen-scene 335.000 850.000 515.000 515.000 0 (Collateral) Narrows CEZANNE, PAUL Le Jardin des Lauves: Vue sur Aix et le Cathedrale 5.500.000 6,000.000 500,000 500.000 0 (Collateral) de Saint Sauveur Noel Calb COROT. JEAN- Portrait of Mlle. Jeanne Farochon 1,000.000 1,500.000 500,000 500.000 0 BAPTISTE-CAMILLE Narrows DEGAS. EDGAR Autoportrait 300.000 800.000 500,000 500.000 0 (Collateral) APO-01 GOYA. FRANCISCO Bajan Rinendo (They go down Quarreling) 4,000.000 4,500.000 500,000 500.000 0 DE Narrows INGRES. JEAN- Raphael and the Fornarina 1,500.000 2,000.000 500,000 500.000 0 (Collateral) AUGUSTE- DOMINIQUE 2011 LLC KOONING. WILLEM Woman 3,000.000 3,500.000 5O0,000 500.000 0 DE Noel Calb MARDEN, BRICE Long Letter 1 1.000.000 1.500.000 500.000 500.000 0 Page 10 EFTA00592237 ALL ART - 3/19/17 CHRISTIE'S 5111/16 appraised value or purchase price + Unrealized Unrealized Owner Artist Title Basis sales tax Gain/Loss Unrealized Gain Loss APO-01 PARMIGIANINO. IL Composition studies for La Madonna dal Collo 1,000.000 1,500.000 500,000 500.000 0 (MARIA FRANCESCO Lungo (recto and verso) GIROLAMO MAZZOLA) Narrows PICASSO, PABLO Etude pour l'acteur and deux profits de Fernande 1,000.000 1.500.000 500,000 500.000 0 (Collateral) Friends SCHWITTERS, KURT Ja-Was?-Bild [LDB owns 50% of Friends Ventures 24.500.000 25.000.000 500,000 500.000 0 LLC. the entity that owns this work. The appraised value shown is for the entire work.] Narrows TURNER. JOSEPH Kilgarren Castle. Pembrokeshire 700.000 1.200.000 500.000 500.000 0 (Collateral) WILLIAM MALLORD AP Narrows GOYA. FRANCISCO The Bulls of Bordeaux: the set of four 715.000 1.200.000 485.000 485.000 0 DE Narrows DELACROIX. EUGENE Tigre se lechant la patte 225.000 700.000 475,000 475.000 0 (Collateral) Narrows GUARDI. A regatta on the Grand Canal (recto); The Grand 1,025.000 1,500.000 475,000 475.000 0 (Collateral) FRANCESCO Canal with the Rialto Bridge (verso) Noel Calb SERRA. RICHARD Conrad 540.000 1.000.000 460.000 460.000 0 Narrows GRIS. JUAN Nature mode 400.000 850.000 450,000 450.000 0 (Collateral) Promised VAN DYCK. SIR Landscape with a tree and a farm building [LDB 250.000 700.000 450,000 450.000 0 ANTHONY owns 50% of this work. The appraised value shown is for the entire work.] AP Narrows GORMLEY. ANTONY Seeing and Showing 10.000 450.000 440.000 440.000 0 Narrows MILLET. JEAN- La ravaudeuse (Madame Millet) 570.000 1.000.000 430,000 430.000 0 (Collateral) FRANCOIS Noel Calb DELACROIX. EUGENE Mariee juive a Tanger 1,100.000 1,500.000 400,000 400.000 0 AP Narrows GAINSBOROUGH. Portrait of Caroline. 4th Duchess of Malborough 2,600.000 3,000.000 400,000 400.000 0 THOMAS Narrows MILLET. JEAN- Cooper tightening staves on a barrel 300.000 700.000 400,000 400.000 0 (Collateral) FRANCOIS APO-01 MUNCH. EDVARD Madonna (Liebendes Weib) 2.100.000 2.500.000 400.000 400.000 0 AP Narrows PENONE. GUISEPPE Tra scorza e scorza (Between Bark and Bark) 1.600.000 2.000.000 400,000 400.000 0 Page I I EFTA00592238 ALL ART - 3/19/17 CHRISTIE'S 5/11/16 appraised value or purchase price + Unrealized Unrealized Owner Artist Title Basis sales tax Gain/Loss Unrealized Gain Loss APO-01 REDON. ODILON Visage derriere les barreaux 850.000 1.250.000 400,000 400.000 0 Narrows MOREAU. GUSTAVE Galatee 215.000 600.000 385,000 385.000 0 (Collateral) Narrows WATTEAU. JEAN- Tete coifee chapeau, vue de profit et 415.000 800.000 385.000 385.000 0 (Collateral) ANTOINE tour