EFTA02711356

TRUSTS 2014 LDB Lit UNREALIZED LO TO HI JULY 2011 SOTHEBY'S Artist Item Description Total Paid (in USD) Sotheby's Appraised Value (July 2014) Fair Value (% Ownership) or Cost (if not on Appraisal) UNREALIZED GAIN (LOSS) CUMULATIVE GROSS UNREALIZED GAIN (LOSS) INCREMENTAL (PLEDGED) GIFT. NAME OF OWNERS DONEE HIP % INSTITUTION NARROWS I.U‘NET. EDOUARD Portrait de Bernie klorlsot 25226.302 15.000 000 15,000000 (10226.302), (10226.302) 1009‘. NARROWS BRAQUE. GEORGES Homage to J.S. Becht (48% interest) 13.005.000 - 6.242.400 (6.762.600) (16.988.902) 48% MoMA NARROWS SMITH, DAVID Cubi II 25.770.000 1 22.000.000 22.000,000 (3.770.000) (20.758.902) 100% NARROWS PICASSO. PABLO Tete dhomme 9,103,500 7.000.000 7.000.000 (2,103.500), (22,862.402) 100%. NARROWS ROTHKO. MARK Black. White. Blue 5.429.315 3.500.000 3,500.000 (1.929.315). (24.791.717) 100%, NARROWS DAVID. JACQUES-LOUE Les amours de Pans et Helene 4.928,028 3.500.000 3,500.000 (1.428.028) (26210745). 100% NARROWS STRAET, JAN VEN DER. Mere Rappresentanft 4 Purgatono Di Dante Nigh 1,525,000 175.000 175,000 (1,350.000) (27.569,745). 100% NARROWS KIPPENBERGER, ktARTIUntitled (from the serves The Raft of the Medusa) T 3.819.135 2,500.000 2500,000 (1,319.135), (28.888.880) 103% MoMA NARROWS PICASSO. PABLO Tete moustachue 8,165.625 7.000.000 7,000.000 (1.165.625), (30.054.505) 100%. NARROWS OE GOYA. FRANCISCO Bull Held by a Cord 13.146.222 12000.000 12.000.000 (1.146222) (31200,727). 100% NARROWS REMBRANDT VAN RUN Christ Crucified Between Two Thieves (The Three ( 2.384.250 1.400.000 1.400.000 (984.250) (32.184.977). 100% NARROWS KELLY, ELLSWORTH with Curve XVI 1,665.788 700.000 700,000 (965288). (33,150,764) 100%. NARROWS .Cilagonal NOGUCHL ISAMU Personnage III (Mogen 3) 2.147.500 1200.000 1,200.000 (947.500), (34098.264) 100%, NARROWS DE TOULOUSE-LAUTRE Au bal de ropera 10.968,634 10,125.000 10,125.000 (843.634) (34.941,898). 100% NARROWS KIEFER, ANSELM Ism on the Way 1.625,625 800.000 800.000 (825.625) (35.767.523). 100% NARROWS INGRES, JEAN-AUGUSTGaronne Chadesalharase Walckenear. née Marie-. . 1296.630 500.000 . 500.000 (796.630), (36.564.153) 100%. NARROWS DE GOYA. FRANCISCO La culpa es tuya (test de la faute) (Ifs all your fault 2.778,085 2,000.000 2,000,000 (778,085). (37,342,238) 100%. NARROWS MATISSE, HENRI Femme assise en blouse Roumane motifs de brodi 3266,250 2,500,000 2,500.000 (766.250) (38.108.488). 100% NARROWS REMBRANDT VAN RUN Group of six prints including the Six Portrait. 100 Gu 9254.375 8.500.000 8.500.000 (754.375) (38.862.863). 100% NARROWS MANET, EDOUARD La posada (The tavern or Before the Corrida) 2,994,063 ' . 2.250.000 2,250,000 (744,063) (39.600925) 100%. NARROWS . KLEE. PAUL Untitled 4,725.220 4000.000 4,000.000 (725.220). (40332.145) 100%. NARROWS MIRO. JOAN Oiseau Lunaire 4.191.688 3.500.000 3.500.000 (691.688). (41.023,833). 100% NARROWS GONZALEZ, JULIO Homme gothique . 3.100.324 . . 2500.000 2.500.000 (600.324) (41,624.157). 100% NARROWS COROT. JEAN-BAPTISTIPortrait of Mae. Jeanne Farochon 1,082,500 . 500.000 500.000 (582.500), (42206.657) 100%, NARROWS EGON Seated Nude Violet Stockings 3375,125 2,800.000 2.800,000 (575,125). (42781.782) 100%. NARROWS .SCHIELE. GAUGUIN, PAUL Self-Portrait 5.062,688 4,500000 4.500.000 (562,688) (43344,469). 100% NARROWS ZHANG HUAN Airplanes 758.625 200.000 200.000 (558.625) (43.903.094). 100% NARROWS MANET, EDOUARD Hultres . 6,502.500' 6.000.000' 8,000,000 (502,500). (44.405.594) 100%. NARROWS CEZANNE, PAUL Le Cardin des LauveS: Vue sur Aix et le Cathedral. c 5,960.625 5.500.000 5,500,000 (460,625). (44,866.219) 100%. NARROWS KIRCHNER. ERNST LUDWettertannen (D. H 392) 1.439.992 1.000.000 1.000.000 (439.992) (45.306.211). 100% NARROWS MATISSE, HENRI Rendering of the Barnes Mural in Progress 2,177,500 •• 1.750.000 •• 1,750,000 (427,500) (45,733,711). (45,733,711) 100% NARROWS SEVERINI. GINO L'autobus 1118229 1,000.000 1,000.000 (418229), (46.151.940) 100%, NARROWS CARRACCI. LUDOVICO St. John The Evangelist 877.489 460.165 460.165 (417.324). (46569.264) 100% NARROWS MILLET. JEAN-FRANC011a ravaudeuse (Madame Millet) 570.813 175.000 175000 (395.833) (46065,098). 100%. NARROWS VAN DYCK. SIR /NINO! Two Studies of a Bearded Man 7.893.482 2500000 7.500.000 (393.482) (47.358.579). 100% NARROWS Group of Prints. Including the large Crucifixion 4.355.000 . 4.000.000 ' 4.000,000 (355,000). (47.713.579) 100%. NARROWS .SCHONGAUER TINTORETTO, JACOPO of male nude lying on the ground 854,233 500,000 500000 (354,233). (40067513) 100%. NARROWS .Study GIACOMETTI, DIEGO Chandelier 1.449.563 1.100.000 1.100.000 (349.563) (48.417,375). 100% NARROWS REDON, OOILON La Tentation de Saint-Antoine 1.573.244'. 1.250.000 : 1,250000 (323244) (48.740.619). 100% NARROWS BALDUNG. HANS Head of a Man, in Three-Quarter-Profile to the Left . 4,022.880 3,700000 3,700,000 (322,880). (49.063.499) 100%. NARROWS CEZANNE, PAUL Sous-bots and Chapeau et flours dans une booted's 3,320.367 3.000.000 3.000.000 (320.387). (49,383.866) 100% NARROWS '0AUMIER, HONORE Galerie de tableaux (Les Amateurs de tableaux) 3.810.625 3.500.000 3,500000 (310625) (49.694.491). 100%. NARROWS DUVET. JEAN Group of Prints including the Apocalypse . 3.810.625 . 3.500.000 3.500.000 (310.625) (50.005.116). 100% NARROWS KLEE, PAUL Exotische Flusslandschaft 1,306.054 ' 1.000.000 • 1,000,000 (306,054). (50,311,170) 100% NARROWS INGRES. JEAN•AUGUSTPortralt de Mlle. Jeannette Hayard 1.100,000 800.000 800,000 (300.000), (50.611.170) 100%: NARROWS REDON, ODILON Bouquet de flours 2800.000 2.500.000 2,500.000 (300,000) (50.911.170). 100% NARROWS REDON, ODILON Les Flours du Mal . 1,769.219 1.500.000 : 1,500,000 (289,219) (51,180.389). 100% NARROWS INGRES, JEAN-AUGUSTPortrait presume de Gioacchino Rossini . 768,065 500.000 500000 (266,065). (51.448.451) 100%. NARROWS MASTER E. S. Group of 15th Cantu!), Prints. Including the initial 'M 3266.250 3.000.000 3500.000 (266.250). (51,714,704) 103%. NARROWS HALS, FRANS Portrait of a Man Holding a Book 5263.016 5.000.000 5000.000 (263.016) (51.977.720) 100% NARROWS ZUCCARO, TADOE0 A Bacchc procession with drunken Silent's . 341246 . 80.000 80,000 (261246) (52238.966). 100% NARROWS MIRO. JOAN Pastorale . . . 1.056.656 800.000 ' 800,000 (256.656). (52.495.622) 103%, NARROWS GELLEE. CLAUDE CALL:View of Crvaaveoctua with a Draughtsman and Nu, 2,255.330 2.000 000 2,000.000 (255.330). (52.750.952) 100%. NARROWS DE1ACROO(. EUGENE Portrait de Schrnareck, tanneur a Target 800.095 550.000 550.000 (250.095) (53.001.047). 100% NARROWS VAN LEYDEN. LUCAS The Angel Gabriel for an Annunciations (44.22% Wee . 3251.250 , 6.800.000 . 3.006.960 (244,290) (53245.337). 44% NARROWS KUBIN, ALFRED The Swarm 287,197 70,000 ' 70,000 (217.197). (53,462.534) 100%. NARROWS pE GOYA. FRANCISCO Bulls of Bordeaux' a group of four (El American°. B1, 714150 500.000 500.000 (214450). (53,676.984) 103%, NARROWS KLEE, PAUL WI (In Memoriam) 2.613,000 2,400.000 2,400.000 (213.000) (53.889,984). 100% NARROWS PRUD'HON. PIERRE-PAIPortrait de Madame Peen de Sain1Gdles 453,688'. . 250.000 260.000 (203,688) (54.093.672) 100% NARROWS ZHANG HUAN Ash Skull No. 14 346.800 . 150.000 150,000 (196,800) (54,290.472) (8,984.260) 100% Page 1 of 10 EFTA_R1_02125025 EFTA02711356 TRUSTS 2014 LDB lit UNREALIZED 1.0 TO HI JULY 2014 SOTHEBY'S NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS NARROWS LDB Artist Item Description RORER, ALBRECHT Group of Prints: Woodcuts and Engravings Including VAN MECKENEM, ISRAl Group of Prints KANDINSKY. VASSILY Above and Left KLEE. PAUL Frauenportrait in Rot (Bertha) GIACOMETTI. DIEGO Pair of Andirons BRONZINO. GNOLO Seated Male Nude (Study for the Martyrdom of Sam REDON, ODILON Seance FtEDON, ODILON Dans le rive (Mellen° 27.36) RICKEY. GEORGE Two Lines Up Excentric - Twelve Feet MILLET. JEAN-FRANCOICooper Tightening Staves on a Barrel CARPACCIO. VITTORE Study of a Lion GIACOMETTI. DIEGO Pedestal a ro.seau KLEE, PAUL Weib und Tier (Kornfeld, no. 3) CONSTABLE. JOHN . LELY. SIR PETER VALDES. MANOLO Arksdna I .NOLDE, EMIL Junges Pear (S. L52) GIACOMETTI. ALBERTCiJean•Paul Sartre WESSELMANN, TOM Nude with Floral All (Large Black) ENSOR, JAMES Nimentatica doctrinaire - Doctrinal Nourishment (T.I. .13ECKMANN, MAX Be. der Toilette (Al the Toilette) (H. 261 El; GI. 232. CASTELLANI. ENRICO Superficie bianca CHASSERIALL THEODO Recto: Portrait of a Little Couloughi KLEE, PAUL Weib und Tier • Inv. 1 (Komfeld, no.13) .BRACIUE, GEORGES .La table (Sell Life with a Fan)} (50% interest) 'KLIMT. KLIMT. GUSTAV Reclining Woman to the Right REMBEtANDT VAN RUN Christ Crucified Between Two Thieves (The Three C DELACROIX, EUGENE Manee juive a Tanger WRIGHT OF DERBY. JO A Grotto in the Gulf of Salerno. Morning and A Grog FRA BARTOLOMMEO (B Studies of Heads: a double-sided drawing GROSZ. GEORGE L'Uomo nuovo KLEE. PAUL Die Schlange .BAROCC I. FEDERICO Recto: Studies of Angels and Children's Heads KLEE. PAUL Chinesisch 11 MATISSE, HENRI Autoportrail KLIMT. GUSTAV Reclining Woman with Bent Arms TURNER. RA, JOSEPH.Kelgarren Castle. Pembrokeshire SERRA. RICHARD Transparency 43, 2012 DORER, ALBRECHT Adam and Eve (Bartsch Meder state Ile of Illd) .SERFtA, RICHARD Transparency 42. 2012 PICASSO. PABLO Etude de personnages 'ENSOR. JAMES Sett Portrait GERICAULT, THEODOR Untitled (Leda and the Swan) DOFtER, ALBRECHT Saint Anthony Reading :REDON. ODILON After Edgar A. Poe (Mellen 37-43) BOUCHER. FRANCOIS Sheet of Studies of a Turbanned Head. a Fool. and INGRES. JEAN-AUGUST Mere et enfan1(Esquisse de le Martyre de Saint Syr .SEUFtAT, GEORGES Cavalier sur une route LONG. RICHARD Sun Line 'LONG. RICHARD Cornish Slate Cross DENIS, MAURICE Jeunes Nies cuedlant des fleurs devant la men FOSSE, CHARLES DE Lr A mounted soldier. seen from behind KELLY. ELLSWORTH Brushstrokes Cut into Thirty-five Squares and Arran PIRANESI, GIOVANNI An Architectural Fantasy with a Colossal Obelisk DAUMIER, HONORE L'amateur d'estampes BELLOWS, GEORGE WEDempsey and Firpo (M. 181) .KHNOPFF. FERNAND De animalite KIRCHNER. ERNST LUDKopf Ludwig Schemes (D.H 330) NOLDE. EMIL Junges Pear (S L52) LENNON, JOHN Autograph manuscript of John Lennon's lyrics for tn. Cloud Study Tief-Ebene (Lowlands) A standing figure of a gentleman from the Processic Total Paid (in USD) Sotheby's Appraised Value (July 2014) Fair Value (% Ownership) or Cost (if not on Appraisal) UNREALIZED GAIN (LOSS) CUMULATIVE GROSS UNREALIZED GAIN (LOSS) INCREMENTAL (PLEDGED) OFT, NAME OF OWNERS DONEE HIP % INSTITUTION 2,177,500 2.000.000 2.000,000 (177,503). (54.467.972) 100%, 2.177,500 2.000.000 2,000,000 1177.503). (54.645.472) 100%. 6.177,375 6.000.000 6,000.000 (177,375) (54.822.847). 100% 1.375.000 1.200.000 1.200,000 (175,000) (54.997.847). 100% . 299.898 . 125.000 125,000 (174.898). (55,172.745) 100% 2.172.500 4.000.000 2,000.000 (172.500). (55.345.245) 50% Met 868,125 700.000 700.000 (168.125) (55.513.370). 100% . 205.675 40.000 40,000 (185,875) (55.679,045). 100% 782.125 600.000' 800.000 (162.125), (55.841.170) 100% 286.863 125.000 125.000 (161.863). (56,003.032) 100%, 1.850.875 1.700.000 1,700,000 (150.875) (56,151907). 100%' 324.750 . 175.000 175.000 (149.750) (56,303.657). 100% 249,458 • . 100.000 100,000 (56,453.115) 100%. 598.813 450.000 450.000 _(149.458). (148.813). (56.601.928) 100% 1.897,584 1,750.000 1,750.000 1147.564) (56.749,492). 100% 1,794,461 ' . 1,648.185 1,048.165 (146,296) (56.895.788), 100% 695.050 . 550.000 550,000 (145.050). (57.040.838) 100% 228.969 90.000 90,000 1138,969). (57,179.807) 100%, 385.988 250,000 250.000 (135.988) (57.315.794). 100%' 385.000 250.000'. 250.000 (135.000) (57.450.794). 100% 248.235 ' 114.000 114,000 1134.235). (57.585.029) 100%. 150.000 20.000 20.000 (130.000). (57,715,029) 100%. 402.315 275.000 275.000 1127.315) (57.842344). 100% 249.022 ' . 125.000 125,000 (124022) (57,968.366). 100% 273.102 ' 150.000 150,000 (123.102). (58.089.468) 100% 2.871,938 5.500.000 2,750,000 1121,938). (58211,406) 50% MoMA 570.892 450.000 450.000 (120.692) (58.332098). 100% . 1,517.250 1,400.000 1,400.000 J1117.250) (58.449.348). 100% 1,115,000' 1.000.000 • 1,000,000 1115,000). (58,564.348) 100% 1408.875 1.300.000 1,300,000 J108,875). (58.673.223) (4.382.751): 100% 2.107,894 2.000.000 2,000.000 J107.894) (58.781,117). 100% 1,431.161' 1,325.000' 1.325,000 (106,161) (58,887.278). 100% 1,103,888 1,000.000 1,000.000 (103,8813). (58.991,166) 100% 503,107 400.000 400.000 (103.107). (59.094.273) 100%, 1,300.500 1,200.000 1,200,000 (100,500) (59.194,773). 100% . 270.625 , 175.000 175.000 (95.625) (59290.398). 100% 345.419 ' 250.000 • 250000 (95,419). (59.385.817) 100%, 693.875 600,000 600.000 (93.875). (59479.692) 100%, 193,569 100.000 100.000 (93.569) (59.573.260). 100% 1,192,125 ' 1.100.000 ' 1,100,000 (92,125) (59.665.385). 100% 191.529 . 100.000 100000 (91,529). (59,756.914) 100%, 1.291,000 1.200.000 1,200.000 (91.000). (59.847,914) 100%, 489,938 400.000 400.000 (89,938) (59.937.852). 100% 1,088.750 1,000 000 1.000.000 (88.750) (60.026.602). 100% 420.802 ' 336.500 ' 336,500 (84,302). (60.110.904) 100% 182.375 80.000 80,000 (82.375), (60.193.279) 100%, 847,857 770.000 770,000 (77.857) (60.271.136). 100% 200.263 : 125.000 : 125,000 (75.263) (60.346.398). 100% 1.575.214 1,500.000 1.500,000 (75214). (60,421,613) 100%, 325.125 250.000 250.000 (75.125), (60.496.738) 100% 325.125 250.000 250.000 (75.125) (60.571.863). 100% . 572,400 . 500 000 500,000 (72,400) (60.644263). 100% 429.829 360.000 ' 360.000 (69.829). (60.714.092) 100% 293.962 225000 ns.000 (68.962). (60.783.054) 100%, 867.000 800.000 800.000 (67.000) (60.850.054). 100% 315.498 250.000 250,000 (85.498) (60.915.551). 100% 127,735 65.000 ' 65,000 (62735), (60.978.286) 100%, 121.781 60.000 60.000 (61,781) (61,040.068) 100% 100.000 40.000 40.000 (60.000) (61.100068). 100% 150.000 90.000' 90.000 (60.000) (61,160066). (2,488.845) 100% 1.309.222 1.250000 ' 1.250,000 (592 22) (61.219,290) 100% Page 2 of 10 EFTA_R1_02125026 EFTA02711357 TRUSTS 2014 LDB LLC UNREALIZED 1.0 TO HI JULY 2014 SOTHEBY'S NUM Item Description Total Paid (in USO) Sotheby's Appraised Value (July 2014) Fair Value (% Ownership) or Cost (if not on Appraisal) UNREALIZED GAIN (LOSS) CUMULATIVE GROSS UNREALIZED GAIN (LOSS) INCREMENTAL (PLEDGED) GIFT, NAME OF OWNERS DONEE HIP % INSTITUTION NARROWS NOLDE. EMIL Junges Pear (S.L52) 233.658 175.000 175.000 (58.658). (61.277.948) 100%. NARROWS MULTIPLE ARTISTS A Selecoon of Earty German Pnnts 707.688 650.000 650.000 (57.688). (61.335.636) 100% NARROWS DAVID. JACOUES-LOUE Portrait of a Revolutionary in Profile Facing Left 255.000 200.000 200.000 (55,000) (61.390.636), 100% NARROWS FRAGONARD, JEAN-HO Landscape with a Double Flighl of Steps and Eight I 654.913 600.000 600.000 (54,913) (61.445.548). 100% NARROWS REMBRANDT VAN RUN The Three Trees (Bartsch 212; WhltaBoon, only sir 704.438 650000 650,000 (54.438). (61.499.986) 100%. NARROWS VASARI. GIORGIO Christ Giving Saint Peter the Keys (Le Christ donna 588.621 535.000 535.000 (53.621). (61.553.607) 100%. NARROWS FRIEDRICH, CASPAR Di Das grosse gehege 1.302628 1,250.000 1,250.000 (52.828) (61.606.435). 100% NARROWS REMBRANDT VAN RUN A Vagrant Couple with a Dog 672,792 620.000 620.000 (52.792) (61.659.227). 100% NARROWS BRUEGEL THE ELDER. I The Rabbit Hunt 677.344 625.000 625.000 (52.344). (61.711571) 103%. NARROWS INGRES. JEAN.AUGUST Virgil Reading the Maori to Augustus. Livia. and CR 650.250 1500.000 600.000 (50.250). (61.761.821) 40% Met NARROWS BEARDSLEY. AUBREY '.The Achieving of the Sangreal 175.000 125.000 125.000 (50,000) (61.811,821). 100% NARROWS COROT. JEAN-BAPTISTIRome. La Vesque de la Villa Medici . 550,000 500.000 . 500.000 (50.000) (61.861.821). 100% NARROWS GIACOMETTI. DEGO Pair of Lamps Decorated with Owl and Cup 165.622 120.000 120.000 (45.622). (61.907.443) 100%. NARROWS BECKMANN. MAX SetsttakInis mit Steifem Hut (H.180: GL.157: G.152 120,000 75.000 75.000 (45.000), (61,952.443) 100%, NARROWS DUTCH AND FLEMISH, 1Group of prints including examples by Lucas van Le 544,375 500.000 500.000 (44.375) (61.996,818). 100% NARROWS EARLY ITALIAN AND SP.Group of pnnts including The Campagnola 544.375 500,000 500.000 (44.375) (62,041.193). 100% NARROWS REMBRANDT VAN RUN Landscape with Three Gabled Cottages Beside a R 544.375 500.000 500,000 (44.375), (62.085.568) 100%. NARROWS WATTEAU. JEAN-ANTOlUntitied (Cottage) (Landscape after Campagnola) 544.375 500.000 500000 (44.375). (62129,943) 100%. NARROWS . BURNE•JONES, EDWAOSir Galahad 243,563 200.000 200.000 (43.563) (62.173.505), 100% NARROWS NOLDE. EMIL Segelboat (S.H.37) . 58.500 : 15.000 15.000 (43.500) (62.217.005). 100% NARROWS KLEE, PAUL Channe (Weiblich Mmut) Invention no. 5 (K.12) (Fa 103.431 60.000 • 60000 (43,431). (62260.438) 100%. NARROWS ENSOR. JAMES La Vengeance de Hop Frog (Hop Frog's Revenge 113.310 70.000 70.000 (43,310), (62303.747) 100%, NARROWS CARRACCI. ANN1BALE Return of the Prodigal Son 342.073 300.000 300.000 (42.073). (62.345620). 100% NARROWS GREUZE, JEAN-BAPTIV Portrait of a Young Gentleman . 456.152 415.000 . 415.000 (41,152) (62,386.972). 100% NARROWS DAVID, JACOUES4.0UkThe Ghost of Seplimus Sevens Appearing to Carat. 520200 480.000 480,000 (40200), (62,427,172) 103%, NARROWS BOURDELLE. EMILE AN Penelope 60,000 20.000 20000 (40.000). (62467.172) 100%. NARROWS KIRCHNER. ERNST LUOBilliardspieler (D. L290) 110.000 70.000 70,000 (40.000) (62.507,172). 100% NARROWS GAINSBOROUGH, THOR Wooded Landscape with Figures Outside a Cottage 189.438 150.000 150.000 (39.438) (62.548.609). 100% NARROWS SERRA, RICHARD 538.931 . 500.000 • 500,000 (38,931). (62,585541) (1.425.473). 100%. NARROWS .Conrad SERRA. RICHARD .Olson 538,931 500.000 500000 (38.931). (62,624.472) 100%. NARROWS KLEE. PAUL Invention 8 - Perseus (Der Witt hat uber des Laid g. 88.733 50.000 50.000 (38.733) (62.663.205). 100% NARROWS ALTDORFER. ALBRECH A Landscape with Two Pine Trees in the Center (B. 588.621 . 550000 •• 550.000 (38,621) (62,701.826). 100% NARROWS GORKY, ARSHILE Nighttime. Enigma and Nostalgia 163,375 125.000 125000 (38.375), (62.740.201) 100%. NARROWS BELLOWS. GEORGE WiA Stag at Sharkeys (M.46) 133.688 100.000 100.000 (33688). (62,773,889) 100% NARROWS 'DERAIN. ANDRE Figures m a Landscape 433,000 400.000 400000 (33.000) (62.806,889). 100%. NARROWS DUBUFFET. JEAN Table au cowed dresse . 92.012 60,000 60.000 (32.012) (62.838.901). 100% NARROWS GIACOMETTI. ALBERTOLarnpadaire a la tete de femme 131.662 . 100.000 • 100000 (31,662). (62,870.563) 100%. NARROWS MASTER L. CZ. Untitled 381.063 350,000 (31.063). (62.901.626) 100%. NARROWS BURNE-JONES. EDWAO The Wise and Foolish Virgins 805.600 775.000 775.000 (30.600) (62.932.226). 100% NARROWS MODIGLIANI. AMEDEO Caryatid. Frontal View. with Background. Hands Bel 380.188 • 350.000 350000 (30188) (62.962413). 100% NARROWS DORER. ALBRECHT Coat of Arms with a Skull 368.542 . 338.500 338500 (30.042). (62,992.455) 100%. NARROWS KIRCHNER, ERNST LUDAnistenkind-Marcella (Dube L. 136.1 of II) 80,000 50.000 50.000 (30,003). (63.022.455) 100% NARROWS 'MARIN, JOHN From Crotch Isle. Maine 60.000 30.000 30000 (30000) (63.052.455). 100%. NARROWS HUGO. VICTOR A Figure Passing in the Horizon, a Gothic Chapel in 154.319 125.000 125.000 (29.319) (63.081.774) 100% NARROWS DONGEN. KEES VAN Femme a sa toilette 54.000 • 25.000 . 25,000 (29.000), (63.110.774) 100%. NARROWS POUSSIN, NICOLAS Phedre with Cupid and Pegasus 728.515 700.000 700,000 (28.515). (63.139.289) 100%. NARROWS DEGAS. EDGAR Danseuse mettant son has 277.500 250.000 250.000 (27.500) (63.166.789). 100% NARROWS GiMHONGSOK Canine Construction 127.500 : 100.000 .. 100,000 (27,500) (63.194.289). 100% NARROWS REDON, ODILON Caliban 325.125 300.000 300000 (26.125). (63219.414) 100% NARROWS GERICAULT. THEODORRecto: Deux tetes d'orientaux (The Heads of Two f 275.000 250.000 250.000 (25.000), (63.244.414) 100% Met NARROWS MOREAU. GUSTAVE Le jeune homers et la moil (Hommage a Chasseriai 275,000 250.000 250.000 (25000) (63.269.414). 100% NARROWS TWACHTMAN. JOHN HE Wises . 55.000 30.000 30,000 (25,000) (63.294,414). 100% NARROWS EMIL Calla and Sommerblumen 196474 ' 175.000 ' 175.000 (21,474). (63.315,888) 103%. NARROWS .NOLDE. PIAZZETTA, GIAMBATTPStandIng Male Nude (recto). Seated Male Nude (var 261.300 240.000 240.000 (21.300). (63.337.188) 103%. NARROWS BRESEML RODOLPHE A Battle Scene 100,131 80.000 80.000 (20,131) (63.357.319). 100% NARROWS BRESOIN. RODOLPHE A Lion Hunt 100.131 80.000 . 80.000 (20.131) (63.377.451). 100% NARROWS SERRA, RICHARD Solid No. 3 218.971 200.000 . 200,000 (18371), (63.396.422) 100%. NARROWS SERRA. RICHARD Solid No. 11 218.971 200.000 200.000 (18.971) (63.415.393) 100%. NARROWS DIX, OTTO Mary 108.875 90.000 90.000 (18.875) (63.434268). (848.728) 100% NARROWS SERRA, RICHARD Solid No. 13 218.189 200,000 200,000 (18.189) (63.452.457). 100% NARROWS ENSOR, JAMES Mon atelier 34.100 16.000 ' 16030 (18.100) (63.470.557) 100% Page 3 of 10 EFTA_R1_02125027 EFTA02711358 TRUSTS 2014 LOB LLC UNREALIZED LO TO HI JULY 2014 SOTHEBY'S Artist Item Description Total Paid (in USD) Sotheby's Appraised Value (July 2014) Fair Value (% Ownership) or Cost (if not on Appraisal) UNREALIZED GAIN (LOSS) CUMULATIVE GROSS UNREALIZED GAIN (LOSS) INCREMENTAL (PLEDGED) GIFT, NAME OF OWNERS DONEE HIP % INSTITUTION NARROWS CHIRINO. MARTIN Cabenza 25.000 7.000 7.000 (18,000). (63.488.557) 103%. NARROWS JORDAENS. JACOB Study of a Man Seen from Behind 316.282 300.000 300,000 ( . ). (63.504.839) 100%. NARROWS MUNCH, EDVARD Vampyre (5.34: W.41) 265776 250.000 250000 (15,776) (63.520.615). t00% NARROWS KLEE, PAUL Der Held mit dem Rigel - Invention 2 (K.16) 118584 100.000 100,000 (15,584) (83.538.199). 100% NARROWS GILLOT, CLAUDE Celebration en rhonneur du dleu Pan (Celebration it 215.390 200.000 ' 200,000 (15,393). (63.551.589) 100%, NARROWS ZHANG HUAN Handicraftsman (from the Memory Door series) 185.075 180.000 . 180,000 (15.075). (63.566.664) 103%. NARROWS ZHANG HUAN 8.00111COT Field (frail the Memory Door series) 195,075 180.000 180.000 (15.075) (63.581,739). 100% NARROWS ZHANG HUAN Slaws (from the Memory Door Series) 195.075 180.000 180.000 (15,075) (63.596.814). 100% NARROWS COROT. JEAN-BAPTISTIVue do Volterra 85000 70.000' 70,000 (15,000). (63.611.814) 103%, NARROWS BECKMANN. MAX Taubstumme 84.435 70.000 , 70,000 (14.435). (63.626.249) 100%. NARROWS LONGHI, PIETRO Two Standing Women 174.200 160,000 160000 (14.200) (63.640.449). 100% NARROWS KIRCHNER. ERNST IUD Tanzerin mit gehobenem Rock (Dube W 141) 103.797 , 90.000 90.000 (13,797) (63.654.246). 100% NARROWS DORER, ALBRECHT The Four Horsemen (Brinson 64: Mader 167b) 373.642 360.000 360,000 . (13.642). (63,667.888) 100%. NARROWS DE SAINTAUSIN, GABR Triumph of Pompey: (50% interest) 212.462 400.000 203,000 (12.482). (63.680.350) 50%. NARROWS DE SAINT-AUERN, GABR Victory of Tarquin over the Sabines and Etruscans 27.156 15.000 . 15.000 (12.156) (63.692507). 100%' NARROWS KLEE, PAUL Greiser Phoenix - Inv. 9 (Komfeld.17) 131.493 120.000 120,000 (11,493) (63.704.000). 100% NARROWS INGRES, JEAN-AUGUST Gabriel Coffees de Pressigny (Dettail 1 kali) 16.898 6.000 ' 6.000 (10.898). (63.714.898) 100%. NARROWS BECKMANN, MAX Kasbek (H. 281: G. 245) 28.145 17.500 17,500 . (10545). (63,728543) 100%. NARROWS ENSOR, JAMES La Belgique au XIX. sister — Belgium in the XIXth C 124.117 114,000 114,000 (10,117) (63.735,660). 100% NARROWS MANET. EDOUARD Apt le bain t (Leaving the Bath) (Seated Bather) 210.000 200.000 ' 200.000 (10.000) (63.745.860). 100% Met NARROWS NARROWS et bateaux .SEURAT, GEORGES .Le VUILLARD, EDOUARD Le Mannequin 1,760,000 59.538 1.750.000 50.000 1,750,000 50,000 (10030). (9.538) (63.755.660) (63.765,197) 100%. 100%. NARROWS ENSOR. JAMES Le Combat des pouilleux Desir et Rissole - the Fighi 124.117 115.000 115.000 (9.117) (63.774,314). 100% NARROWS ENSOR, JAMES Les Bans COsteride • The Baths at Ostend (7.115) 124.117 • . 115000 115.000 (9.117) (63.783,431). 100% NARROWS BRESOIN. RODOLPHE Le Bon Samaritan (Neuman 49; Van Gelder 100) 68,568 , 80.000 80,000 (8,568). (63.792.000) 100%. NARROWS MILLET, JEAN-FRANCO(Sleeping Nude 283.075 275.000 275.000 (8075). (63.800.075) 100%. NARROWS VON MENZEL. ADOLPH Chnstmas Eve 108,000 100000 100,000 (6000) (63808,075). 100% NARROWS MUNCH. EDVARD Eifursucht (grosse Fassung) (5. 58: W.69) 47500 • 40.000 40.000 (7.500) (63.815.575). (381.306) 100% NARROWS NARROWS .BALDUNG, HAWS Group of Seven Horses (Bartsch 56: Holistein 238: ROSSETTI, DANTE GABStudies for the Head of the Farmer in Found 186.821 31.427 180.000' 25.000 180000 28000 1 (6,821). (6.427). (63,822.398) (63.828.823) 100%. 100%. NARROWS RANSON. PAUL ELIE Jeune femme a sa toilette 18.000 12.500 12.500 (5.500) (63.834.323). 100% NARROWS SAME. ANTOINELOULICheval Turc 30,000 25.000 • 28000 (5.000) (63.839.323). 100% NARROWS BONNARO. PIERRE Nu 6 la baignoire 55,000 50.000 50,000 (5,000), (63.844,323) 100%. NARROWS BRESOIN. RODOLPHE au pied dun arbre 64.950 60.000 60,000 (4,950). (63.849.273) 100%. NARROWS .Payson GORKY. ARSHILE Study for Blue Figure in Chair (Study after Picasso', 64.950 60.000 60000 (4.950) (63.854.223). 100% NARROWS GORKY. ARSHILE Study for Blue Figure in Chair' (Study after Picasso; . 64.950 ' 60.000 ' 60.000 (4.950) (63.859.173). 100% NARROWS JEAN-HO The Reading (La Lecture) 654.913 650.000 650000 (4,913). (63.884.085) 100%. NARROWS .ERNST, ERNST, AFTER MAX The Ocean (S A. A3) 5.400 500 500 (8900), (63.868.985) 100%. NARROWS BAKST, LEON Costume Design For A Young Hindu Prince In Le Di 33.983 30.000 30.000 (3.983) (63.872.968). 100% NARROWS BAKST, LEON Costume Design For The Priest Soma From Le Diet 33.983 30.000 : 30000 (3.983) (63.876.951). 100% NARROWS KURTEN, STEFAN Northern Sky (Everybody's Happy Nowadays) 15.938 12.000 12,000 (3938), (63.880.888) 100%, NARROWS CAVALLON. GIORGIO Untitled 7.794 4.000 4.000 (3,794). (63684.682) 100% NARROWS CAVALLON, GIORGIO 'Untitled 7.794 4.000 4.000 (3.794) (63.888.476). 100%. NARROWS CAVALLON. GIORGIO Untitled 7.794 4.000 4.000 (3.794) (63.892.270). 100% NARROWS BERNINI, GIAN LORENZ Portrait of Ottaviano Castelli 253.679 ' 250.000 ' 250000 (3,679). (63.895.949) 100%. NARROWS ROMANO. GUILO (GUILiSatyr Crowned with Vine Leaves 252.514 250.000 250,000 (2.514). (63.898.463) 100%. NARROWS AVERY. MILTON Seven Palms 7.000 5.000 5.000 (2.000) (63.900.463) 100% NARROWS AVERY, MILTON Birds and Sea (L. 60) 4,330 2.500 2,500 (1,830) (83.902.293). 100% NARROWS MARSH. REGINALD Does Your Nose Clog Up AI 5.000 4.000 4.000 (1.000). (63,903.293) 100%. NARROWS REDON. ODILON Poemes 2.722 2.000 2.000 (722). (63.904.014) 103%. NARROWS 'DERAIN. ANDRE Prohi de femme (ProNe of a Women) 5.500 5.000 5.000 (500) (63.904.514). 100% NARROWS CHIRINO. MARTIN ESPIral 7,307 . 7000 7,000 (307) (83.904.821) (88247) 100% NARROWS AVERY. MILTON His 29.227 ' - 29.227 - 103%. NARROWS ,Mottled BECKMANN. MAX Fastnacht (H. 231: GI. 205: G. 201) 5.000 5.000 5,000 103%, NARROWS BRANDT, WARREN Treasure Chest 16,667 16.667 100% NARROWS BRANDT, WARREN Pink Roses . 10.887 10,687 103% NARROWS BRANDT, WARREN Union . 2,667 2,667 100%. NARROWS ,Western CAMBODIA (OR KORAT,Standing Figure of Shiva 7.000.000 7,000.000 100%. NARROWS 'CORNELL. JOSEPH Hotel de I'Etoile (Suzy's Room) 435,500 435.500 100%' NARROWS CORNELL. JOSEPH Untitled (Bird Box) . 435,500 435.500 100% NARROWS CRAWFORD, ELIZABETI The Great Game 920 920 100% Page 4 of 10 EFTA_R1_02125028 EFTA02711359 TRUSTS 2014 LOB LLC UNREALIZED LO TO HI JULY 2014 SOTHEBY'S Artist Item Description Total Paid (in USD) Sotheby's Appraised Value (July 2014) Fair Value (% CUMULATIVE Ownership) or GROSS Cost (if not on UNREALIZED UNREALIZED Appraisal) GAIN (LOSS) GAIN (LOSS) INCREMENTAL (PLEDGED) GIFT. NAME OF OWNERS DONEE HIP % INSTITUTION NARROWS DEGAS. EDGAR Femme au barn 2.000,000 2.000.000 2.000.000 100% NARROWS DELACROIX, EUGENE Rencontre de cavaliers Maures (3.23) 5.000 5.000 5,000 100% NARROWS DERAKSHANI, REZA Dark Sod I (from Sand Painting series) 10.875 10,875 100% NARROWS DERAKSHANI, REZA Dark Sod II (from Sand Painting series) 10,875 10,875 100% NARROWS DERAKSHANI, REZA Dark Soil III (from Sand Painting series) 10.875 10,875 100% NARROWS DERAKSHANI. REZA Dark Sod IV (from Sand Painting series) 10.875 10.875 100% NARROWS DERAKSHANI. REZA Dark Sod V (from Sand Painting series) 10,875 10,875 100% NARROWS ENSOR. JAMES Mon Pere mort - My dead lather 97.988 97,988 100% NARROWS ENSOR, JAMES bodes singuliers (Strange insects) 12.003 12,003 100% NARROWS ENSOR. JAMES Diaries rosant Anges a Archanges (Devils thrashln( 155,212 155,212 100% NARROWS ENSOR. JAMES Le Christ Aux Enters (Christ in Embers) 65,987 65.987 100% NARROWS ERNST. JIMMY Untitled 8.100 8.100 100% NARROWS FUSELL HENRY A Threatening Head 35,000 35.000 • 35,000 100% NARROWS GAUGUIN. PAUL The Artist's Portfolio. Pont Aven t (50% interest) 724.000 724.000 50% Met NARROWS IVORY COAST Baoule Mask Masque-heaume 'goli grin 1.573,244 1,573.244 100% NARROWS JOHNS. JASPER Untitled 734.906 734.906 100% NARROWS NARROWS JOHNS, JASPER .Untitled JOHNS, JASPER Untitled 734.906 734,906 734.906 734,906 100% 100% NARROWS KAHN, WOLF Late Fall in CT. 19,017 19.017 100% NARROWS KAHN. WOLF Toward Blue Woods 4.384 4.384 100% NARROWS KIRCHNER, ERNST LUDLiegende akt auf dem Sofa 70.000 10.000 • 70,000 100% NARROWS KLEE. PAUL Abenteuerlicher Fisch (Komfeid. 1) 30.000 30.000 30,000 100% NARROWS LEE. JENNY Half-Note No. 8 3.410 3.410 100% NARROWS LEIGHTON, FREDERIC L Stud•es of male figures in medieval dress for "The A 7.400 7.400 100% NARROWS LIN, MAYA Wire landscape 27.156 27.156 100% NARROWS MASTER E. S. The Virgin with the Rosary on the Crescent 190.531 190,531 100% NARROWS MASTER MZ (PROBABL'A Tournament 300.000 300,000 100% NARROWS MATISSE. HENRI Etude Ccdalisque 54,125 54,125 100% NARROWS MILLER, HENRY Love and Other Crimes 21.400 • 21.400 100% NARROWS OAKES, TREVOR & RYAHave No Narrow Perspectives: The Bean 182,366 182,366 100% NARROWS OPPER. JOHN Untitled 12.990 12,990 100% NARROWS PARDO, JORGE Untitled 117.585 117,585 100% NARROWS PETERDI, GABOR Blue Eclipse 3.458 3,458 100% NARROWS .Big PICASSO. PABLO Femme anise dans un fauteuil 721.875 721.875 100% NARROWS POLIDORO OA CARAVA Vierge encre et IIIVIS 273.462 273,462 100% NARROWS RAUSCHENBERG. ROM Spring Clearnace 482.719 462.719 100% NARROWS REDON. ODILON Le Ceti Volant 200.000 200.000 200,000 100% NARROWS REMBRANDT VAN RUN Diana at the Bath 200.000 200,000 100% NARROWS REMBRANDT VAN RUN Jan Lulma 800.000 800.000 100% NARROWS REMBRANDT VAN RIJN Jan UStenbogaerL Preacher of the Remonstrants 400.000 400,000 100% NARROWS RIBOT, THEODULE AUGLes eplucheuses de pommes de tone 65.175 65,175 100% NARROWS RIVERA. DIEGO Cabeza de una Tehuana (Retrato de Juchiteca) 35.000 35.000 35.000 100% NARROWS ROBERT. HUBERT Escalier dans les lardins de la villa Famese a Capra 353.943 353.943 353,943 100% NARROWS SAUNDERS. DAVID The Afterlife of Things 5.400 5.400 100% NARROWS SCHIELE, EGON Self-Portrait 20.000 20,000 100% NARROWS SCHWARTZ, ADAM Drive Shaft 7.000 7,000 100% NARROWS SCHWARTZ. ADAM Bomb Mill 8.500 6,500 100% NARROWS SIGNAC. PAUL La Rochelle 42.900 42,900 100% NARROWS STIMMER, TOBIAS Saul threalening David with a Spear 2,041,406 • 2,041,406 100% NARROWS SZTYBEL. PAMELA Housatonic II 15.173 15.173 100% NARROWS SZTYBEL, PAMELA A few clouds and a dark pond (near Manchester. Vi 27,156 27.156 100% NARROWS SZTYBEL. PAMELA Two Ponds (Bndgewater. CT) 13,035 13,035 100% NARROWS PAMELA Untitled 10.331 10.331 100% NARROWS .SZTYBEL. SZTYBEL. PAMELA Tree in a Field 7.069 7.069 100% NARROWS SZTYBEL. PAMELA Rue de Courcelles (Mereville) 4.005 - 4.005 100% NARROWS SZTYBEL. PAMELA Little River ri France 3.484 3.464 100% NARROWS THOMAS. GWENN Yellow and Black Colonnade: Ellis Island Series 2,632 2,632 100% NARROWS TISSOT. JAMES La soeur eine. 125.000 125,000 125.000 100% NARROWS VAN DYKE, ANTHONY Group of 14 etchings 1.200,000 • 1,200.000 100% NARROWS VIGEE LE BRUN. ELIZAE Autoportrait au chapeau 9 plume (Selfportralt wNh h 523.106 523,106 100% NARROWS VOUET. SIMON Portrait of a Woman with a Veil 400.000 400.000 400,000 100% Page 5 Of 10 EFTA_R1_02125029 EFTA02711360 TRUSTS 2014 LDB LLC UNREALIZED LO TO HI JULY 2014 SOTHEBY'S Artist Item Description Total Paid (in USO) Sotheby's Appraised Value (July 2014) Fair Value (% Ownership) or Cost (if not on Appraisal) UNREALIZED GAIN (LOSS) CUMULATIVE GROSS UNREALIZED GAIN (LOSS) INCREMENTAL (PLEDGED) GIFT. NAME OF OWNERS DONEE HIP % INSTITUTION NARROWS VUILLARD. EDOUARD La mannequin 55.000 - 55.000 - 100% NARROWS VUILLARD, EDOUARD Le masseur 30.000 30.000 30.000 100% NARROWS WELZ. REBECCA Threshold 4.896 4.896 100% NARROWS ZHANG HUAN Afar (Memory Door Series) 195.075 : 195.075 - 100% NARROWS ZIMMERAIAN. ELYN Stalled Cairn 80.063 80063 100% NARROWS KAHN. WOLF Return ng lo Harbor (in Martha's Vineyard) 2.250 2.500 2.500 250 250 100% NARROWS DINE. JIM Seth-portrail Head (Second State) (W.C. 160) 1,200 1.500 1.500 300 560 100% NARROWS KAHN. WOLF The Towpath 34,640 35.000 35.000 360 910 100% NARROWS ARTURO Ardores clandestinos 3.897 4.500 . 4.500 603 1,513 100% NARROWS ,DELACROIX, EUGENE Three Male Nudes 24.356 25.000 25.000 644 2.157 100% NARROWS ROSSETTI. DANTE GAB The Sun May Shine and We Be Cold 34.264 35.000 35.000 736 2.893 100% NARROWS BECKMANN. MAX Vor dem Auftritt (Akrobaten) (H. 289: G. 250) . 3.150 , 4.000 4.000 850 3.743 100% NARROWS BECKMANN, MAX In der Trambahn (H. 235: GI. 209: G. 205) 5,000 6.000 6,000 1.000 4.743 100% NARROWS REGINALD Woman Walking 5.000 6.000 6.000 1,000 5.743 100% NARROWS :MARSH, DIX. 01TO Bautzen VI 14.400 15.500 15.500 1.100 8643 100% NARROWS VON STUCK. FRANZ Steam Power . 6.503 8.000 ' 8,000 1.498 8,340 100% NARROWS KAHN. WOLF Evening Light 5.359 7.000 7.000 1.641 9.981 100% NARROWS AVERY, MILTON Two Nudes 1.500 4.000 4.000 2.500 12.481 100% NARROWS AVERY. MILTON Nude Meditating 1,200 4.000 4.000 2.800 15,281 100% NARROWS KAHN. WOLF Barn in Fog 1.200 , 4.000 4.000 2.800 18.081 100% NARROWS MAX Schiangendame (H. 200; GI. 176 G. 172) 5,000 ' 8.000 8,000 3.000 21,081 100% NARROWS •BECKMANN, ANDRE Femme nue 2.000 5.000 , 5.000 3.000 24.081 100% NARROWS ,DERAIN. ENSOR. JAMES Le combat des demons (Diables rossant anges et a 2.000 5.000 5.000 3.000 27,081 100% NARROWS PICASSO. PABLO Deux Femmes babfolant sur un matelas de plage. N. 3.000 . 6,000 6.000 3.000 30.081 100% NARROWS DORER, ALBRECHT Nemesis (The Great Fortune) (Bartsch 77: Moder 7L 246.970 250.000 250,000 3.030 33,111 100% NARROWS AVERY. MILTON Head of a Man (L. 8) 250 3.500 3,500 3.250 36,361 100% NARROWS BONHEIJR, ROSA Study for The Horse Fait 8,660 12.500 12,500 • 3.840 40,201 100% NARROWS BELLOWS. GEORGE WE The Pool-Player (M. 83: B.58) . 3.500 , 8.000 8.000 4.500 44.701 100% NARROWS DROUAIS, JEAN-GERMI Marius a Mintumes 45.325 . 50.000 . 50,000 4.675 49.376 100% NARROWS BARTE. ANTOINE-LOULion.stelking 5.000 10.000 10.000 5.000 54.376 100% NARROWS SAME. ANTOINE-LOUIE Tigre qui marche 5.000 10.000 10.000 5.000 59.376 100% NARROWS BARYE. ANTOINE-LOUll Lion qui marche 10.000 10000 5.000 64.376 100% NARROWS BERNARD. EMILE Two Women 2,000 7.000 7.000 5.000 69,376 100% NARROWS CHIRINO, MARTIN .0ology 7.000 12.000 12,000 5.000 74,376 74,376 100% NARROWS GRAHAM. JOHN Horse and Rider 5.000 10.000 10.000 5.000 79,376 100% NARROWS MAILLOL. ARISTIDE Nude Seen from Behind , 20.000 , 25.000 25.000 5.000 84.376 100% NARROWS PASCIN, JULES Turkish Dancers 3.000 . 8.000 • 8,000 5.000 89.376 100% NARROWS SCHWITTERS. KURT Kurt Schwitters: Schnftstellar 220.000 225,000 225,000 5.000 94.376 100% NARROWS RICHMOND. WILLIAM &Portrait 12.222 17.500 17.500 5.278 99.655 100% NARROWS AVERY. MILTON Stnped Drape 2.200 : 7.500 ' 7,500 5.300 104,955 100% NARROWS MAILLOL. ARISTIDE Esquisse pour 'Le Mediterranee 19.000 25.000 25.000 6.000 110.955 100% NARROWS GORMLEY. ANTONY Sense 2.653 9.000 , 9.000 6.347 117.302 100% NARROWS GORMLEY. ANTONY Home of the Heart IV 2.653 9.000 9,000 6.347 123.849 100% NARROWS GORMLEY. ANTONY Base 2.653 9.000 9.000 6.347 129,996 100% NARROWS CLEMENTE. FRANCESC Untitled (Jamaican Watercolor) 43.400 50.000 ' 50,000 6.600 136.598 100% NARROWS :RORER. ALBRECHT Death and the Devil (Bartsch 98: Mader 74b: 592.727 600.000 600,000 7,273 143,869 100% NARROWS ,Knight. ENSOR. JAMES La puce 52.500 60.000 60,000 7.500 151,389 100% NARROWS BOLOTOWSKY. ILYA Untitled 1,500 10.000 : 10,000 8.500 159.889 100% NARROWS ROUSSEL, KER-XAVIER La Clolat 5.000 14.000 14,000 9.000 168669 100% NARROWS RUSKIN. JOHN Spur of Ravine Shaft. Venice 6.504 16.000 16.000 9.496 178.385 100% NARROWS CONSTABLE, JOHN A View in Borrowdale 70.363 80.000 80.000 9.638 188.002 100% NARROWS DORER, ALBRECHT Melanoolia I (Bartsch 74: Metier 7511e: SCherbaum • , 790.303 800.000 800.000 9.697 197.699 100% NARROWS BONNARD. PIERRE Nature move aux fruits 70.000 ' 80.000 ' 80,000 10.000 207.699 100% NARROWS MATISSE, HENRI Femme nue debout 60.000 70.000 70.000 10.000 217.699 100% NARROWS DAVID. JACCIUES-LOUParis and Helen 459.960 470.000 470000 10.040 227.739 100% NARROWS NOLDE. EMIL Salamis and Seine Frauen (S.R. 153) 4,500 , 15.000 15.000 10.500 238.239 100% NARROWS PUVIS OE CHAVANNES‘ Reclining Female Nude with Drapery 6000 17,500 17,500 12,500 250.739 100% NARROWS CALLOT. JACOUES Louis de Lorraine guise, Prince de Phalsbourg. in A., 287.390 600.000 300.000 12.610 263.349 50% Met NARROWS ISABEY. JEAN-BAPTISTEPortrait de Talleyrand 7.000 20,000 20.000 13.000 278,349 100% NARROWS DELACROIX. EUGENE Cavalier mamelouk au galop . 161.500 175000 175,000 13.500 289,649 100% NARROWS BONINGTON. RICHARD Landscape with Harvesters at Sunset , 135,313 150.000 * 150,000 14,688 304.537 100% Page 6 of 10 EFTA_R1_02125030 EFTA02711361 TRUSTS 2014 LOB LLC UNREALIZED LO TO HI JULY 2014 SOTHEBY'S Mist Item Description Total Paid (in USD) Sotheby's Appraised Value (July 2014) Fair Value (% Ownership) or Cost (if not on Appraisal) UNREALIZED GAIN (LOSS) CUMULATIVE GROSS UNREALIZED GAIN (LOSS) INCREMENTAL (PLEDGED) GIFT. NAME OF OWNERS DONEE HIP % INSTITUTION NARROWS BARYE. ANTOINE-LOUIE Guerner tartare arretanl son cheval 10.000 25.000 25.000 15.000 319.537 100% NARROWS BARTE. ANTOINE4.0ULI. These* combattant le Centaur Bienor 10.000 25.000 25.000 15.000 334.537 100% NARROWS BOURDELLE. EMILE AhtHdracles Archer 110.000 125.000 125,000 15.000 349,537 275.160 100% NARROWS DOVE, ARTHUR GARFIE Untitled V (Centerpon) 25.000 . 40.000 40.000 15.000 364.537 100% NARROWS VUILLARD, EDOUARD La robe rose 110,000 125.000 125,000 15.000 379.537 100% NARROWS BELLOWS. GEORGE WE Old Ballard Player (M. 84: B. 19) 2.500 18.000 18.000 15.500 395.037 100% NARROWS CEZANNE. PAUL Portrait du fits de raroste (recto) and Scene illustran 783.009 800.000 800.000 16.991 412.027 100% NARROWS DENIS, MAURICE Woman and Child 5,000 . 25.000 25,000 20.000 432,027 100% NARROWS REDON. ODILON The Angel of Death 179,644 . 200.000 200,000 20,3% 452.384 100% NARROWS CONSTABLE, JOHN Cloud Study (recto)Suffolk Landscape with a Cloud) 379.313 000.000 400.000 20,688 473071 100% NARROWS QUINN. MARC The Blind SW Leading the Blind 37,897 60000 80,000 22.103 495,174 100% NARROWS HARTLEY, MARSDEN Twisted Roots (Tree study) 7.000 . 30.000 30.000 23.000 518.174 100% NARROWS BEARDSLEY. AUBREY tx Lady Gold's Escort (From The Yellow Book Vol. III) 46.598 70.000 70,000 23.403 541.577 100% NARROWS REDON. ODILON Allegoroue (David et Goliath) 476.300 500.000 500.000 23.700 565.277 100% NARROWS ,Sujer REDON. ODILON Le cube (Lbed) 325,125 350.000 350.000 24.875 590.152 100% NARROWS BECKMANN, MAX Kleines Rosenstileben and Mauer() Spiegel 325,000 350.000 ' 350.000 25.000 615,152 100% NARROWS FERNANDO guitarrista 10,000 35.000 ' 35,000 25000 640.152 100% NARROWS ,BOTERO. ,El DAUMIER. HONORE La defense 324,750 350.000 . 350,000 25.250 665,402 100% NARROWS KHNOPFF. FERNAND Dessin 74,151 100000 100,000 25.849 691,251 100% NARROWS MATISSE. HENRI Autoportrad 270.825 300.000 ' 300.000 29.375 720.826 100% NARROWS DIEGO Lampe en forme bougeor 35.000 ' 35.000 35.000 755.626 100% NARROWS .GIACOMETTI. GIACOMETTI. DIEGO Lampe en lorme bougeor 35.000 35,000 35.000 790.626 100% NARROWS SMITH. DAVID Untitled 462,719 500.000 . 500.000 37.281 827.907 100% NARROWS PICASSO. PABLO Bacchus el jeune femme nee 88.800 . 125.000 125.000 38,400 866.307 100% NARROWS BECKMANN, MAX Sao* Coeur 20.000 60.000 60,000 40.000 906,307 100% NARROWS GONCHAROVA. NATALL The Appearance to Joseph 40.000 40,000 40.000 946.307 100% NARROWS VON MENZEL. ADOLPH Hand of a Woman Holding a Cane 20,000 60.000 60,000 40000 986.307 100% NARROWS VON MENZEL. ADOLPH Studies of a Man Eating from a Bowl 30,003 70.000 70.000 40.000 1.026.307 100% NARROWS BURNE-JONES. EDWARLAmor the motive d Sole e rattre Sine 134,437 175.000 ' 175,000 40,563 1,066.870 100% NARROWS BECKMANN, MAX KEiSbek 75,000 125.000 125.000 50.000 1.116.870 100% NARROWS KLEE. PAUL Zwei Manner. Slander in hdherer Stellung vermule' 100.000 150.000 150.000 50.000 1.166.870 100% NARROWS KLEE. PAUL Kornai*, - kv. 4 (Komfeld. no. 9) 100.000 150.000 150.000 50,000 1.216.870 100% NARROWS REDON, ODILON Poinsettia (La flour rouge) 200.000 250.000 250,000 50.000 1,266.870 100% NARROWS RODIN, AUGUSTE Le penseur 250.000 300.000 300.000 50.000 1.316.870 100% NARROWS BECKMANN, MAX Acrobat (Back Bend) 48,000 100.000 100.000 • 52.000 1.368,870 989.333 100% NARROWS MONDRIAN. PIET Chrysanthemum 142.890 , 200.000 200.000 57.110 1.425.980 100% NARROWS LIN. MAYA Sever River - Hudson 92.331 150.000 * 150,000 57.669 1,483.649 100% NARROWS MONET, CLAUDE Les Nympheas avec saute 342,225 400,000 400.000 57.775 1.541.424 100% NARROWS KLEE. PAUL Gegensate Abends (Blau and Orange) 1.440.304 1,500.000 1.500.000 59.6% 1.601.120 100% NARROWS GIACOMETTI. AU3ERTOLampedrepied a etoile 60.000 : 60.000 60.000 1,661.120 100% NARROWS GIACOMETTE ALBERTO Lampe-trepied a edoile • 60.000 60,000 60.000 1,721,120 100% NARROWS BOILLY, LOUIS LEOPOLi Etude preparatoire pour 'Le jeu crechece 139,759 200.000 , 200.000 60.241 1.781.381 100% NARROWS MATISSE, HENRI La dense 4337300 500.000 . 500.000 67.000 1.848.361 100% NARROWS INGRES, JEAN-AUGUST Portrait de Monseigneur Gabriel Cortois de Pressler 179.855 , 250.000 250.000 70.345 , 1.918.706 100% NARROWS DI CREDI. LORENZO Study with the Christ Chid Standing on the. 1.175.850 1,250.000' 1.250,000 74.150 1.992.856 100% NARROWS .Drapery GAUGUIN. PAUL Te Faruru 520.200 600.000 . 800,000 79.800 2.072.856 100% NARROWS GIACOMETTI, DEGO Console a plateaux. models aux grenouilles 170,000 250.000 250.000 80.000 2.152.856 100% NARROWS SPRANGER. BARTHOLC The Temptation of Adam 251,200 350.000 : 350,000 98.800 2251.456 100% NARROWS ROSSETTI, DANTE GAB Sr Lancelot in Queen Guinevere's Chamber 150,942 250.000 250,000 99.058 2,350.514 100% NARROWS DINER. ALBRECHT Passion. Life of the Virgin (Mader 127. 1,400.000 1.500.000 1,500,000 100.000 2.450514 100% NARROWS .Apocalypse DAVIS, STUART Study for Proposed Mural. United Nations Contemn 48,713 150.000 . 150.000 101.288 2,551.801 100% NARROWS DAVIS, STUART The Sidelong Glance 20,000 . 125.000 125,000 105.000 2.656.801 100% NARROWS DAVIS. STUART Unwed 20,000 125.000 . 125,000 105.000 2,761.801 100% NARROWS FUSELL HENRY The Confederates Arnvng at the Ruth 92.013 200.000 . 200,000 107.988 2.869.789 100% NARROWS ENSOR, JAMES The Entry of Christ into Brussels in 1889 on the Day 182,278 300.000 300.000 117.722 2987511 100% NARROWS HARTLEY. MARSDEN The Fish 80.105 . 200.000 200,000 119.895 3.107.406 100% NARROWS .GORMLEY, ANTONY Seeing and Showing 60.004 200000 200,000 119.996 3,227.401 100% NARROWS MAILLOL. ARISTIDE Eve a la porrvne 75.000 200.000 200,000 125,000 3.352.401 100% NARROWS TIEPOLO. GIOVANNI BA A Moorish Nobleman L 170.340 300,000 . 300.000 129.660 3.482,061 100% National Gallery V NARROWS AVERY, MILTON Beach Umbrellas 17.000 150.000 150,000 133.000 3,615,061 100% NARROWS REDON, ODILON La chule de Phaeton 363.000 500,000 500,000 137,000 3,752.061 100% Page 7 of 10 EFTA_R1_02125031 EFTA02711362 TRUSTS 2014 LOB LLC UNREALIZED to TO HI JULY 2014 SOTHEBY'S Sotheby's Fair Value (% CUMULATIVE (PLEDGED) Appraised Ownership) or GROSS GIFT, NAME OF Total Paid (in Value (July Cost (if not on UNREALIZED UNREALIZED OWNERS DONEE Artist USD) 2014) Item Description AppraIsal) GAIN (LOSS) GAIN (LOSS) INCREMENTAL HIP % INSTITUTION 462.769 3.889.293 NARROWS PRUDHON. PIERRE-PAIStudy for an Allegory of the Rhine River 600.000 600,000 137,231 100%. NARROWS SCHAUFELEIN THE ELDA Landsknecht Turned to the Left Carrying a Halber 354.290 500 150,000 500.000 500,000 145.710 4.035.003 150,000 4,185,003 100% 150.000 NARROWS AVERY, MILTON Man. Rocks and Sea . 100.000 150,000 100% NARROWS GIACOMETTI, ALBERTO Autoponrad 250.000 175.000 4.335,003 100% NARROWS KLIMT, GUSTAV Femme nue 25.000 • 250 175..00 00g 150,000 4.485.003 3,059.023 . 100%, NARROWS KIRCHNER. ERNST LUDStehendes Madchen. Karyaude 11 (50% interest) 1.349.076 3,000.000 1,500.000 150.924 . 4.635.927 50%. NARROWS COROT. JEAN-BAPTIST1Le Ragout. Forel de Fontainebleau 686.500 850,000 , 650.000 188 65388 500 4.799.427 100% NARROWS KANDINSICY, VASSLY Improvisation 8 27.331.834 27.500000 27.500,000 4.967,793 . 100% NARROWS DELACROIX. EUGENE ,Tigre se lechant la patte 225.000 44 05,001 400,000 175000 : 5.142.793 103%. NARROWS GIACOMETTI, DIEGO ,TaNe bane aux caryatides 175000 17758:280 000 , 5.317.793 100%, NARROWS .GERICAULT, THEODOR Black Stallion in a Stable 324.750 500,000 5.493.043 . 100% NARROWS BLAKE. WILLIAM God Blessing the Seventh Day 2.316.008 2.500.000 500000 183.992 5.677.034 100% 2.500.000 NARROWS •DORER. ALBRECHT ,St. Jerome in his Study (Mader 59. a: Bartsch 60) 1,001,650 1,200,000 1.200,000 198.350 , 5,875.384 100%, NARROWS BONNARD, PIERRE Marthe sur un divan 300.000 500.000 500.000 2130.000 : 8.075.384 100%. NARROWS DE GOVA. FRANCISCO Los Proverb's (or Los Disparates) 200.000 200.000 200.000 6275,384 200,000 6.475.384 100% NARROWS GIACOMETTI, DIEGO Console table with shelf, model with frogs 100% NARROWS GIACOMETTI. DIEGO Console table with shed. model with frogs • - 200,000 200°°0 2- 00.000 . 6.675.384 103%, NARROWS NOLDE, EMIL Mohn and Ritterspoon 50000 250.000 200,000 15 08785 384 384 . 100%, NARROWS TOURNAI Falcorvy Tapestry 500.000 250.000 200,000 100% NARROWS GORMLEY. ANTONY Landing 300.000 98.532 300.000 300.000 5°°.000 2- 01.469 100% 7276.853 NARROWS LIOTARD. JEAN ET1ENN JACQUES DE CHAPEAUROUGE (1744 - 1805) 789.180 • 1.000.000 1,000,000 210.820 7,487.672 . 100%. NARROWS FRAGONARD. JEAN-HO Vile Tarnow - la late a Ramboineet 3.000.000 3,000.000 214,223 . 7.701.896 100%, 2.7 NARROWS REDON. ODILON Satyre 18085:000 777 400.000 79.368 400.000 220.000 7.921,896 . 100% NARROWS GORMLEY, ANTONY Together and Apart 300.000 i 220.632 8.142.528 100% NARROWS DE TOULOUSE4AUTRELa coiffure 1.020.420 1.250.000 1.500.000 1,250 3°°..00 000 2- 29,580 . 8,372.108 103%. NARROWS GRAF, URS The Bearer of the Banner of the Canton Glanin (5E 515.969 750,000 234,031 8.806,139 50%Met NARROWS KLEE. PAUL Konigsburg 1.265.000 1,500.000 1,500.000 235.000 100% NARROWS GIACOMETTI. DIEGO Console a plateaux. models aux grin:bales 250.000 250.000 250.000 98..09 841.13399 . 100% NARROWS HARTLEY. MARSDEN Casa Lakes 140.000 • 400.000 780000 4080,000 280,000 . 9,351.139 . 100%. NARROWS PRUDHON. PIERRE-PAIFemme assts. tenant une quenoullle (Clotho la film; 750.000 260.073 , 9.611.212 100%. NARROWS PICASSO. PABLO Tate de taureau 489.927 627.029 25.000 900.000 300 000 900.000 272.971 9.884.183 100% NARROWS RODIN. AUGUSTE The Age of Bronze 275.000 10.159.183 100% NARROWS DAVIS, STUART Mist in Search of a Model 74.151 350.000 400.000 880 300.00 000 275849 , 10,435,032 ' 100%, NARROWS GRIS. JUAN Nature motto au cafebere 400.000 276,109 _10.711.111 10.711.141 8,376,138 : 100%. 123.891 119075 400000 NARROWS .THIEBAUD. WAYNE Pink Swirl 280.925 , 10.992.066 100% NARROWS MOREAU. GUSTAVE Galatea 215.930 500.000 400000 500.000 284.070 11276.136 100% NARROWS RUBENS, SIR PETER PNicodemus 963.010 1.250.000 • 1,250,000 450.000 286,990 11,563.126 100%. NARROWS REDON. ODILON ,Satan dominant le monde 161.151 1.000 450:001 268.849 11.851.975 100% NARROWS SEUFtAT, GEORGES Rayons 702.049 , 1.000000 297.951 12.149.926 100% 73°000 . ' 0 NARROWS GIACOMETTI. ALBERTO Pair of torcheres 0°°: 300,000 300.000 12,449,926 100% NARROWS GIACOMETTI. DIEGO Chienneypiece 400.000 00 185.000 700,000 300,000 12,749,926 100%, NARROWS TIEPOLO. GIOVANNI BA:Chnst Calling the Fishermen 500.000 500.000 315.000 13.064.926 100% NARROWS 'PICASSO. PABLO Taureau et cheval 470.271 453.000 800.000 800.000 329.729 13,394.655 100%. NARROWS REDON, ODILON La trite noyee 800000 800.000 347.000 13.741.655 100% NARROWS KELLY. ELLSWORTH Untitled 3.650.750 4.000.000 • 4,000,000 400 000 349,250 14,090.905 100%. NARROWS :TANSEY, MARK Homage to Susan Sontag 50.000 100%, 1,143,188 1300.000 1,500,000 400,000 350.000 , 14.440.905 NARROWS RORER, ALBRECHT Saint Eustace 356,813 14.797.717 100% NARROWS GELLEE, CLAUDE CALL An Extensive Landscape 893.0621 1.250.000' 1,250,000 700.000 356,938 15.154,655 : 100% NARROWS KLEE, PAUL Hexen-scene 1.500.000 364,425 , 15,519.080 100% NARROWS FRIEDRICH. CASPAR Di View of the Island of Rugen with a Shepard and his 37358:000 575 750.000 71"®0 3- 75.000 15.894.080 50% Mel NARROWS INGRES, JEAN-AUGUSTRaphael and The Fomanna 1.623'50 2,000.000 2,000.000 413,875 800 000 376250 16270.330 100% NARROWS WATTEAU. JEAN-ANTO1Profile of a Man with a Study of a Hand 750.000 386.125 16.656.455 100% NARROWS PICASSO. PABLO Le singe et le masque 360.159 1,500 000 800.000 750,000 389,841 . 17046.298 103%. NARROWS PICASSO. PABLO Etude pour Isacteur and deux ixofils de Fernando , 1.104.150 400,000 1,500.000 395,850 17,442.146 100%, NARROWS RICKEY. GEORGE Triple L Excentric Gyratory Gyratory 400.000 17.842.146 100% NARROWS GRIS, JUAN Nature mono 391.000 800.000 , 1.000.000 4110.000 1,000 8C13:00 °°0 409.000 18251,146 100% NARROWS DE GOYA, FRANCISCO ,Los Caprichos 579.880 4- 20120 18,671.266 1312.500 1.750.000 1,750,000 100%, NARROWS CEZANNE. PAUL Groups earbres 450.000 . 450,000 437,500 19.108.766 100%. NARROWS DE GOYA. FRANCISCO Los desastres de la guerre 450.000 19358.766 100% NARROWS MIRO. JOAN Composition 541,250 1,000.000 1,000,000 458.750 20,017,516 100% NARROWS MATISSE. HENRI Femme se reposer' 341.000 800.000 800,000 459.000 20,476,516 , 100% Page 8 of 10 EFTA_R1_02125032 EFTA02711363 TRUSTS 2014 LOB LLC UNREALIZED LO TO HI JULY 2010 SOTHEBY'S Artist gem Description Total Paid (in USD) Sothebys Appraised Value (July 2014) Fair Value (% Ownership) or Cost (if not on Appraisal) UNREALIZED GAIN (LOSS) CUMULATIVE GROSS UNREALIZED GAIN (LOSS) INCREMENTAL (PLEDGED) GIFT, NAME OF OWNERS DONEE HIP % INSTITUTION NARROWS MILTON Early Spring 125.000 600.000 600.000 475.000 20951.516 100%. NARROWS .AVERY, SEURAT. GEORGES La nournce 1,012.138 1,500.000 1,500,000 . 487.863 21,439.379 100%. NARROWS VAN DYCK. SIR ANTHOf Landscape with a Farm Building: (50% interest) 135,313 1,250.000 625.000 . 489.687 21.929.066 11217.924 50% Mel NARROWS ARP. HANS Constellation de quatre formes blanches el dune IX 487.125 1.000.000 1.000000 512.875 . 22441941 100% NARROWS JOHNS. JASPER Untitled 734.906 1,250.000 1250,000 515.094 22,957.034 100%. NARROWS DAUMIER. HONORE ['audience 1210.000 1,750.000 1,750,000 540.000 23.497.034 103%. NARROWS .Apres MOORE, HENRY Seated Woman on Bench 155,000 700.000 700,000 545.000 24.042.034 100% NARROWS GERCAULT, THEODOR Episode de la Guerra Colonial.. Noir sur un obey& , . 1,438.990 2.000.000 . 2.000000 561.010 . 24503,044 100% NARROWS KELLY. ELLSWORTH Blue White 2,438.438 3,000.000 3.000,000 561.563 25,164,607 103%, NARROWS MATISSE, HENRI file A la mantle (Etude pour L'espagnole an 416.763 1.000.000 1,000000 583.238 25.747.844 100%. NARROWS .Jeune DE GOYA, FRANCISCO A Boy with a Blind Woman 660.000 1,250.000 1,250,000 590.000 26.337,644 100% NARROWS DE GOYA. FRANCISCO A Prisoner . 660.000 1.250.000 . 1.250,000 590.000 28.927.844 100% NARROWS GIACOMETTI DIEGO -top Table and Eight Side Chairs 900.000 1,500.000 1,500,000 600.000 27.527,844 • 100%. NARROWS .Glass SCHIELE. EGON liegender Wmblicher AM 99.000 700.000 700.000 601.000 28.128.844 100%, NARROWS LEONARDO DA VINCI Studies for Hercules Holdall) a Club Seen in Frontal 333.179 2000.000 1,000.000 666.821 28.795.865 50% Met NARROWS DEGAS. EDGAR Autoportrad 300,000'. 1,000.000 1.000,000 700.000 . 29.495,665 100% NARROWS PABLO Portrait of Elie Faure 800.000 1.500.000 1.500,000 700.000 . 30.195,665 103%. NARROWS .PICASSO. TIEPOLO, GIOVANNI DOThe Finng Squad 700.000 700000 . 700.000 30.895,665 100%. NARROWS PICASSO, PABLO Anequin 8 la guiLare 774.450 1.500,000 1,500,000 725.550 31.621,215 100% NARROWS CHARDIN. JEAN-SIMEO1Panier de peones. raisin loan et non avec 'afraid* 2,267.783 3.000.000 3.000.000 732.217 32.353.432 100% NARROWS MIRO, JOAN 1.100,000 1.850.000 1.850,000 750.000 33,103.432 . 100%. NARROWS .0iseau SCHIELE. EGON Selbstbildnss (Sell Portrait) 150.000 900.000 , 900000 . 750.000 33.853.432 100%, NARROWS SIGNORELLI. LUCA Study for a Seated Prophet 962.747 1.750.000 1.750,000 . 787.253 34.640685 100% NARROWS CE2ANNE, PAUL Bagneuses . 935.000 1.750.000 , 1.750.000 815.000 35.455.685 100% NARROWS DAUMIER. HONORE Parade de Saltknbanques 1,650,000 2,500.000 2.500.000 850.000 36.305.685 . 100%, NARROWS PICASSO. PABLO Femme nue 'LEGER, 'Contrast. 650,000 1.500.000 . 1.500.000 850.000 37,155.685 100%. NARROWS FERNAND de formes 1.620,833 2,500.000 2.500.000 879.167' 38,034.852 100% NARROWS RAFFAELLO SANZIO. Car Head of a Muse 47.020.045 48.000.000 . 48.000.000 979.955 39,014,806 I , 100% NARROWS KANDINSKY. VASSILY Entwurf zu -Komposeicn VIP 1,515,000' 2.500.000 • 2.500,000 085000 39.999.806 100%. NARROWS GORKY, ARSHILE Study for Agony 3,000.000 4,000.000 4,000.000 1000.000 40.999.806 100%. NARROWS PICASSO. PABLO Paysage 2.500,000 3.500.000 3.500.000 1.000.000 41.999.806 100% NARROWS MATISSE. HENRI Venus A la coquille II 700000 : 1.750 000 . 1.750.000 1,050.000 43,049.806 100% NARROWS OE GOYA, FRANCISCO .Maja y Celeslina 660.000 1,750.000 . 1.750,000 1,090.000 44,139.606 100%, .. NARROWS RODIN, AUGUSTE Les Bourgeois de Calais 680.000 1.750.000 1.750,000 1.090.000 45,229.806 22.787,866 100% NARROWS PICASSO. PABLO Fernando Olivier 624,938 1.750.000 1,750.000 1,125,063 . 46.354.869 100%. NARROWS LEONARDO DA VINCI Madonna del Gallo . 3,338.547 4.500.000 , 4.500.000 1,161.453 . 47.516.322 100% NARROWS REDON, ODILON L'araignee en pleurs 560,000 . 1,750.000 • 1,750,000 1,190,000 48.706.322 . 100%. NARROWS VAN GOGH. VINCENT Les tolls, Arles 1250.000 2.500.000 2,500.000 1250.000 49.956.322 100%, NARROWS KANDINSICY. VASSILY Skizze fix Sintflut II (Sketch for Deluge II) 31.725.250 33.000.000 33.000,000 , 1274.750 51231,072 100% NARROWS DAUMIER, HONORE La chanson a boire 693,341 : 2.000.000 , 2000000 1.306.659 52.537.731 : 100% NARROWS DEGAS. EDGAR Aux courses 1,082.500 2.500.000 2500,000 1,417.500 . 53.955.231 100%. NARROWS HONORE parade 1.312.531 2.750.000 2,750.000 1,437.469 55.392.699 100% NARROWS .DAUMIER. .La GUARDI, FRANCESCO Recto: Regata in the Bacino di San Alamo with the f 1,025.000 2,500.000 2500000 1,475000 56.867.699 100%. NARROWS DE GOYA. FRANCISCO Girniendo y sorando (Weeping and Wailing) 1.014.844 2.500.000 2500.000 1.485.156 58.352.856 100% NARROWS TURNER. RA, JOSEPH Entry to the Grand Canal with Santa Maria della Sal 907.375 . 2.400.000 . 2,400.000 1,492525 59,845.481 . 100%. NARROWS :PICASSO. PABLO for 'Nude Wifil Drapery 744,219 2.250 000 . 2,250,000 1,505.781 . 61.351.262 100%. NARROWS .Study MAILLOL, ARISTIDE L'Air (premier etat) 893,063 2.500.000 , 2502000 . 1.606.938 62.958.199 100% NARROWS LEONARDO DA VINCI Caricature of a Woman Wearing a Tall Hat and Cad 784.813 2.500.000 , 2502000 1.715,188 64.673,387 . 100% NARROWS CALDER ALEXANDER .Spunk of the Monk 18,221.250 20,000.000 20,000,000 1278750 66,452.137 . 100%. NARROWS GAUGUIN. PAUL Cylinder with Two Figures 8.128.125 10.000.000 10,000.000 1.871.875 68.324,012 103%. NARROWS CEZANNE. PAUL Le Mann or Le Jardinier Vanier vu de face 53.103,750 55.000.003 . 55.000.000 . 1,896.250 70220.262 100% NARROWS RAFFAELLO SANZIO. Ci Head of a Young Apostle . 48.085,198 50.000 000 50,000,000 1,914,802 . 72.135.064 100% NARROWS MIRO. JOAN Femme poignardee par le soled recitant des poems: 1.550.681 ' 3.500.000 ' 3,500,000 1,949,319 74,084.383 ' 103%. NARROWS DEGAS. EDGAR :Etude de nu pour 'La danseuse habille' 1,000.000 3.000.000 3,000.000 . 2000.000 76.084,383 100%. NARROWS PICASSO. PABLO Study for 'Head of Nude with Drapery . 476.300 2.500,000 , 2,500.000 , 2,023,700 78.108.083 100% NARROWS DE GOYA, FRANCISCO Three People Around a Dying Man (Le malade) . 475000 2,500.000 . 2.500.000 2.025,000 . 80.133.083 100% NARROWS DE GOYA, FRANCISCO La bourns. (Beggars Eating Mash) 401,914 2,500.000 2,500.000 2,098.086 82231.169 100%. NARROWS OE GOYA. FRANCISCO Young Woman Surrounded by Witches (Jeune femr 380.000 2,500,000 2.500.000 2.120.000 84.351.169 100%. NARROWS CALDER ALEXANDER Mobile 3.758,125 6,000,000 6,000.000 . 2241.875 88.593,044 100% NARROWS LEGER. FERNAND Dessin pour Tunneller 1,190.750 3.500,000 3,500000 2.309,250 88.902,294 100% NARROWS MANET, EDOUARD Portrait de Constantin Guys 1,652,500 . 4,000,000 . 4,000,000 2,347.500 91249.794 100% Page 9 of 10 EFTA_R1_02125033 EFTA02711364 TRUSTS 2014 LDB LLC UNREALIZED LO TO HI JULY 2014 SOTHEBY'S Artist Item Description Total Paid (in USO) Sotheby's Appraised Value (July 2014) Fair Value (% Ownership) or Cost (if not on ANflisal) UNREALIZED GAIN (LOSS) CUMULATIVE GROSS UNREALIZED GAIN (LOSS) (PLEDGED) GIFT. NAME OF OWNERS DONEE INCREMENTAL HIP % INSTITUTION NARROWS DELACROIX. EUGENE Choc de cavaliers araber 8.489.701 11.000.000 11.000000 2,530.299 93,780.093 100% NARROWS VAN GOGH. VINCENT Wheat Field vnth Sheaves 2.265.131 5.000.000 5.000.000 . 2,734.869 96,514,962 52,375.156 100% NARROWS SMITH. DAVID Sentinel (66.60% Interest) 2.461,667 8.000.000 5.333.333 • 2.871,667 99.386.828 67% MoMA NARROWS SCHIELE. EGON Zwei Akte 1300,000 ' 3.500.000 3.500.000 2,900.000 102.288,628 100% NARROWS DEGAS, EDGAR repos 4,086.438 ' 7000000 • 7.000,000 2,913.563 105.200.191 100% ,Le NARROWS BRAQUE. GEORGES Le gueridon 1,732,000 5.000.000 5,000.000 3.268.000 108,468,191 1071%. NARROWS ENSOR, JAMES Le grand julte (masques) 1.201,212 4,500.000 4.500.000 3.298.788 111.766.979 100%* NARROWS KIRCHNER. ERNST LUDBerliner Strassenszene and Baum°, a double-sided 19.048)300 . 45,000.000 ' 22,500,000 3.452.000 115218,979 50% NARROWS DE CHIRICO, GIORGIO The Surprise 4,546.500 * 8,000.000 * 8000,000 3,453.500 118.672.479 100% NARROWS 'BRUEGEL THE ELDER. I The Drunkard Pushed into the Pigsty 5.499.505 9000000 9,000.000 3,503.495 122172974 100%. NARROWS MOORE. HENRY Two-Piece Reclining Figure: Points 4.347.394 8,030000 8,000.000 3,652.606 125.825.580 100%. NARROWS DAVID. JACQUES-LOUT Portrait de Frangoisantoine Rasse. Prince de Gavr 2.273.250 * 6.000.000 * 6.000.000 3.726.750 129.552.330 100% NARROWS MATISSE, HENRI Jeannette V 2.750.000 ' 6,500.000 ' 6.500,000 3,750.000 133.302.330 100% NARROWS POLLOCK. JACKSON Number 8. 1951 1250.000 5000.000 5,000.000 3.750.000 137.052.330 100%. NARROWS •RODIN. AUGUSTE 'Iris. messagere de Dieux 1.193,456 5,000.000 5,000.000 3.806.544 • 140.858,874 100%. NARROWS MUNCH. EDVARD Melancholy 11,000.000 ' 15,000.000 ' 15,000.000 4,000.000 144.858,874 100% NARROWS CANALE . ANTONIO CAL Feast of the Assumption at Santa Maria dolla Salute 963.425 * 5,000.000 * 5.000.000 4,036,575 148,895,449 100% NARROWS *SMITH. DAVID Vollri-Bolton I 2,706.250 7,000.000 7,000,000 4,293,750 153.189,199 100%* NARROWS PICASSO, PABLO Bouteille et verre 700.000 5,000,000 5,000.000 4.300.000 157.489,199 100%. NARROWS II MUNCH. EDVARD The Scream 130,565.622 * 135.000.000 135.000,000 4.434.378 161,923,577 NARROWS REMBRANDT VAN RUNA Seated Old Man Facing Left 2,454,220 ' 7,000000 • 7,000,000 4,545,780 166,469,357 100% NARROWS MATISSE, HENRI 1,800,000 6.500.000 6,500.000 4,700000 ' 171,169.357 100%. ,Jeannette NARROWS MATISSE. HENRI Jeannette III 1.650,000 6.500.000 6.500.000 4.850.000 176.019,357 100%* NARROWS BONNARD. PIERRE Jaunts femmes au Jardin (Portrait de Renee Mooch 2,827.811 . 8.000.000 • 8.000.000 5.172.189 181.191.546 100% NARROWS SERRA, RICHARD Torqued Ellipse Kit (75% interest) 1,016,750 * 12,500.000 6,250.000 5,233.250 186,424,796 50% MoMA NARROWS BRANCUSI. CONSTANTIOiseau dans l'espace (Bird in space) 29.755,440 35,000.000 35,000,000 5,244,560 191.669,356 100% NARROWS 'PICASSO, PABLO Tale ehomme a la pipe 1.729.294 7,000,000 7.000.000 5.270.706 ' 196.940,063 100%' NARROWS CEZANNE, PAUL Grenade et noires dans une assiette 3.692.500 * 9.000.000 ' 9.000.000 5.307.500 202247.563 100% NARROWS MIRO. JOAN Spanish Dancer 9,363.625 ' 15.000.000 • 15.000000 5,636,375 207883,938 100% NARROWS 'DEGAS. EDGAR Danseuses 11.910,206 20,000.000 20,000.000 8.039.794 . 215.973.731 100%. NARROWS BECKMANN. MAX Tåmenn mil Tamburin (Dancer with tambourine) 1.825.000 10.000.000 10.000.000 8.175.000 224.148.731 100% NARROWS CEZANNE. PAUL Recto: Crane six une draperie (Skull and Draper) 1.750.000 . 10.000.000 . 10.000.000 8.250000 232.398.731 135,883,770 100% NARROWS PICASSO. PABLO Busks de femme 9,500.000 • 18,000 .000 18,000,000 8,500,000 240.898.731 100%, NARROWS MUNCH, EDVARD Aasgaardsstrand 2.571.478 12.500.000 12,500.000 , 9.928.522 250.827.253 100% NARROWS BECKMANN, MAX Selbstbildnis ma Mom (Serf Portrait with Horn) tT (S. 11278.398 42,500.000 21250,000 9.971,602' 260,798.855 50%' NARROWS SERRA. RICHARD Double Torqued Ellipse II 1.657,250 . 12.500.000 12.500.000 10.842.750 271.641.605 100% NARROWS BUONARROTI, MICHELA The Risen Christ 13.308.196' 25.000.000 25.000,000 11,691,804 283,333.409 100% NARROWS SERRA. RICHARD 'Betwixt the Torus and Sphere 2,775.500 15.000 000 15,000,000 12,224,500 295.557.909 103%. NARROWS CEZANNE. PAUL Le Chateau Noir 12.505.581 25.000.000 25.000.000 12,494,419 308.052,328 100%. NARROWS MATISSE, HENRI Marocaine en Rune 10.000,000 22.500.000 ' 22,500,000 12,500,000 320,552,328 100% NARROWS MIRO. JOAN et Personages II 7,036250 20.000.000 * 20,000,000 12,963,750 333.516,078 100%, ,Corde NARROWS PICASSO. PABLO Femme nue 11.002.500 25.000.000 25,000.000 , 13.997.500 347.513.578 100% NARROWS VAN GOGH, VINCENT .Jardin de fleurs 8,500.000 22.500.000 22,500,000 14,000,000 361.513.578 100%. NARROWS MONDRIAN, PIET Composition C with Gray and Red 2.922.750 17.500 000 • 17,500,000 14.577.250 376,090.828 100% NARROWS TURNER. RA, JOSEPH Goldau 1.330.000 16.000.000 • 18,000,000 14,670,000 390.760.828 100% NARROWS CEZANNE. PAUL :Carnet° de Bibamus 7.692,500 22.500 000 22,500.000 14,1307.500 405.568.328 100% NARROWS PICASSO. PABLO Fernando Olivier 3.114.375 18.000.000 18,000,000 14,885,625 420.453.953 100%. NARROWS MALEVICH. KAZIMIR Elongated Plane 16,820,888 . 35.000.000 ' 35.000.000 18.179,312 438.633.284 100% NARROWS LEGER, FERNAND Femmo cousant: a double-sr.:led painting NARROWS MONET, CLAUDE Nympheas 16.000.000 . 24.356250 35.000.000 45.000.000 • 35,000,000 45,000.000 19,000.000 20.643.750 457,633.294 478277.014 100%, 103% NARROWS BRANCUSI, CONSTANTILa muse 11.466,250 32,500.000 32,500.000 21.033.750 499.310,764 100%* PENT HOLDING: TURNER. RA, JOSEPH Seascape Folkston 14.841,731 . 100,000 000 • 100.000.000 85.158.269 584.489,033 352,070,302 100% Page 10 of 10 EFTA_R1_02125034 EFTA02711365