Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum)

Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum) Owner Artist Title or Description CHRISTIE'S appraised value Nov 2015 Basis Unrealized GainILoss Unrealized Loss Unrealized Gain LDB BALDUNG. HANS St. Sebastian' 225.000 245,000 (20,000), (20,000) 0 LDB BAULE MASK Ivory Coast' 1.500.000 1.575.000 (75.000) (75.000) 0 LDB BERNINI. GIOVANNI LORENZO Portrait of Oltaviano Castelli 250.000 250.000 0 0 0 LDB BLAKE. WILLIAM Illustrations of the Book of Job 130.000 50.000 80.000 0 80.000 LDB BLOEMAERT. ABRAHAM Head and arm studies of young men (recto): A draped figure wearing a mitre (verso) 400.000 400,000 0 0 0 LDB BOILLY. LOUIS-LEOPOLD La partie de cartes' 20.000 15.000 5.000 0 5.000 LDB BOILLY LOUIS-LEOPOLD La partie de dames' 20.000 20 000 0 0 0 LDB BOUCHER. FRANCOIS Sheet of studies of a turbanned head, a foot and hands holding a sword and a stick 800.000 850,000 (50.000) (50,000) 0 LDB BURGKMAIR, HANS Lovers Surprised by Death+ 600,000 650.000 (50.000) (50,000) 0 LDB CARRACCI. ANNIBALE Return of the Prodigal Son' 300.000 340.000 (40.000) (40.000) 0 LDB CARRACCI. LUDOVICO St. John the Evangelist 500.000 950.000 (450.000) (450.000) 0 LDB COYPEL, CHARLES-ANTOINE Etude de tete 75,000 80.000 (5.000) (5,000) 0 LDB DURER. ALBRECHT Coat of Arms with a Skull' 350.000 470.000 (120.000) (120.000) 0 LDB DURER. ALBRECHT Saint Anthony reading' 350.000 420.000 (70.000) (70.000) 0 LDB DUVET. JEAN L'Apocalypse fiquree (The Illustrated Apocalypse) 2.500.000 3,000.000 (500.000), (500.000) 0 LDB ENSOR, JAMES Insectes singuliers' 12,000 13.000 (1,000) (1,000) 0 LDB ENSOR. JAMES La Vengeance de Hop Frog' 100.000 125.000 (25.000) (25.000) 0 LDB ENSOR. JAMES Le Christ aux Enters' 8.000 70.000 (62.000) (62.000) 0 LDB ENSOR. JAMES Le combat des demons (Diables rossant anges et archanges) (extensively handcolored)' 150,000 170.000 (20.000) (20,000) 0 LDB GERARD, BARON FRANCOIS Cupid and Psyche 100.000 195,000 (95.000) (95,000) 0 LDB DE GHEYN II. JACQUES Marcus Curtius Leaping on Horseback into the Abyss (recto): Further studies of the same (verso) 70.000 60.000 10.000 0 10.000 LDB GIACOMETTI. ALBERTO Lampadaire modele 'figure' 200,000 130.000 70.000 0 70.000 LDB GIACOMETTI. DIEGO Lustre prevu pour l'entree du Musee Picasso a I'Hotel Sale 2,000,000 1,450,000 550,000 0 550,000 LDB GOLTZIUS. HENDRICK Mars and Venus (recto); Two female nudes. with cupid and a vase (verso) 250,000 240.000 10.000 0 10.000 LDB GREUZE. JEAN-BAPTISTE Portrait of a young gentleman 450,000 455.000 (5.000) (5,000) 0 LDB KELLY. ELLSWORTH Melon Leaf (Feuille de Melon) 5.000 16,000 (11,000) (11.000) 0 LDB KELLY. ELLSWORTH Oak' 250,000 295,000 (45,000) (45,000) 0 LDB KELLY. ELLSWORTH Wild Grape' 250.000 295.000 (45.000) (45.000) 0 LDB VAN LEYDEN, LUCAS The Dance of Saint Mary Magdalene' 280,000 355,000 (75,000) (75,000) 0 LDB MARDEN. BRICE Long Letter 1' 1.500.000 980.000 520.000 0 520.000 LDB MASTER ES The Letter 'M' from: The Figure Alphabet' 800,000 1.000.000 (200.000) (200,000) 0 LDB MASTER ES The Letter 'P' from: The Figure Alphabet' 600.000 1.000.000 (400.000) (400.000) 0 LDB MASTER ES The Letter 'Y' from: The Figure Alphabet' 600.000 1.000.000 (400.000) (400.000) 0 LDB MASTER ES The Virgin with the Rosary on the Crescent' 150,000 190,000 (40,000), (40,000) 0 LDB MASTER LZS The Temptation of Christ' 500.000 350.000 150.000 0 150.000 * work to be contributed to AP Narrows + work not on Christie's appraisal; value indicated is Sotheby's value or purchase price Blank basis indicates group prints purchase or other purchase for which Heather is researching basis EFTA01113389 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum) Owner Artist Title or Description CHRISTIE'S appraised value Nov 2015 Basis Unrealized Gain/Loss Unrealized Loss Unrealized Gain LDB MASTER M.Z. A Tournament' 180,000 326,625 (146,625 (146,625) 0 LDB MICHELANGELO (MICHELANGELO BUONARROTI) The head and torso of a man looking down to the left/Study of his left shoulder and two studies of his right shoulder (recto): The musculature of the hip and thigh of the right leg/architectural profile (verso) 5.000,000 5,250.000 (250.000) (250,000) 0 LDB VAN MIERIS, FRANS The unwelcome news 300,000 190,000 110,000 0 110,000 LDB ORSI. LELIO Apollo and Marsyas' 765,000 830.000 (65.000) (65,000) 0 LDB PARDO. JORGE Untitled (set of five glass lamps) 90.000 115.000 (25.000) (25.000) 0 LDB PICASSO. PABLO Etude de personnages (Etude pour 'Composition: les Paysans') 1.250,000 1,300.000 (50.000) (50,000) 0 LDB POBLET. MABEL Narciso/Narcissus (from the series 'Desapariencia') 4.000 6.500 (2.500) (2.500) 0 LDB POLIDORO DA CARAVAGGIO The Virgin Mary and the Holy Women 300.000 300.000 0 0 0 LDB PONTORMO (JACOPO CARUCCI) Study of a seated youth (recto): Study of a lower torso and legs (verso) 10.000,000 9.000.000 1.000.000 0 1.000.000 LDB PURYEAR. MARTIN Untitled (work hanging on wall)' 1.750.000 2.000.000 (250.000) (250.000) 0 LDB RAUSCHENBERG. ROBERT Spring Clearance' 300.000 460.000 (160.000) (160.000) 0 LDB REDON. ODILON La Tentation de Saint Antoine' 50.000 1.575.000 (1.525.000) (1.525.000) 0 LDB REDON. ODILON Poemes (Poemes. Les Soirs. Flambeaux Noirs)' 2.500 2.700 (200) (200) 0 LDB REDON. ODILON (AFTER) Charles Baudelaire. Les Fleurs du Mar 1.500 1.770.000 (1.768.500) (1.768.500) 0 LDB REMBRANDT HARMENSZ. VAN RIJN Christ Healing the Sick: 'The Hundred Guilder Print- 3.500,000 2,000.000 1,500.000 0 1,500.000 LDB REMBRANDT HARMENSZ. VAN RIJN Diana at the Bath' 180,000 220.000 (40.000) (40,000) 0 LDB REMBRANDT HARMENSZ. VAN RIJN Jan Lutma, Goldsmith' 1.000,000 870.000 130.000 0 130.000 LDB REMBRANDT HARMENSZ. VAN Jan Six' 1.200,000 2,000.000 (800.000) (800,000) 0 LDB REMBRANDT HARMENSZ. VAN RIJN Jan Uytenbogaert, Preacher of the Remonstrants' 85,000 435.000 (350.000) (350,000) 0 LDB REMBRANDT HARMENSZ. VAN RIJN Landscape with an Obelisk' 350,000 430.000 (80.000) (80,000) 0 LDB REMBRANDT HARMENSZ. VAN RIJN Self-Portrait with Plumed Hat and Lowered Sabre' 220,000 260.000 (40.000) (40,000) 0 LDB REMBRANDT HARMENSZ. VAN RIJN The Adoration of the Shepherds with the Lamp' 650,000 750.000 (100.000) (100,000) 0 LDB ROBERT. HUBERT The Stairs of the Farnese villa at Caprarola' 200.000 385.000 (185.000) (185.000) 0 LDB ROSSETTI. DANTE GABRIEL Sir Lancelot in Queen Guinivere's Chamber' 400.000 150.000 250.000 0 250.000 LDB RUBENS. SIR PETER PAUL Two nude men dragged down by demons and lifted up by three partly robed figures. after Michelangelo 2.000,000 2,000.000 0 0 0 LDB SCHINKEL. KARL FRIEDRICH Gothic Church behind Trees' 180,000 325.000 (145.000) (145,000) 0 Page 2 EFTA01113390 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which Is not promised to a museum) Owner Artist Title or Description CHRISTIE'S appraised value Nov 2015 Basis Unrealized Gain/Loss Unrealized Loss Unrealized Gain LDB SCHONGAUER, MARTIN The Crucifixtion with Four Angels' 1,000,000 1,000,000 0 0 0 LDB SCHONGAUER. MARTIN The Dormition of the Virgin+ 400.000 435.000 (35.000) (35.000) 0 LDB SCHONGAUER. MARTIN Virgin and Child on a Grassy Bench' 300.000 325,000 (25,000) (25.000) 0 LDB SERRA. RICHARD London Cross (being purchased now) 8.000.000 8,000,000 0 0 0 LDB SERRA. RICHARD Transparency #3' 125.000 190.000 (65.000) (65.000) 0 LDB IL STRADANUS (JAN VAN DER STRAET) Book of drawings: An album of 16 illustrations to Dante. with accompanying texts: original binding 2.000,000 1,660.000 340.000 0 340.000 LDB STIMMER. TOBIAS Saul Threatening David with a Spear 1 875 000 2 040 000 (165.000) (165.000) 0 LDB VIGEE-LE BRUN. ELISABETH Self-portrait in a feathered hat 500.000 570.000 (70.000) (70.000) 0 LDB ZUCCARO, TADDEO A Bacchic procession with drunken Silenus 250.000 370,000 (120,000) (120.000) 0 LDB ZUCCARO. TADDEO A study of a standing male figure. a prophet 760.000 830,000 (70,000) (70,000) 0 Narrows ALTDORFER. ALBRECHT A Landscape with two Pine Trees in the Center' 80.000 560.000 (480.000) (480.000) 0 Narrows AVERY, MILTON Beach Umbrellas' 125.000 17,000 108,000 0 108,000 Narrows AVERY. MILTON Birds and Sea' 8.000 4.000 4.000 0 4.000 Narrows AVERY. MILTON Early Spring' 500.000 125,000 375.000 0 375.000 Narrows AVERY. MILTON Head of a Man' 1.500 250 1.250 0 1.250 Narrows AVERY. MILTON Man. Rocks and Sea' 100.000 50,000 50.000 0 50.000 Narrows AVERY. MILTON Mottled Hills' 20.000 30.000 (10.000) (10,000) 0 Narrows AVERY. MILTON Nude Meditating' 3.000 1,200 1.800 0 1.800 Narrows AVERY, MILTON Striped Drape' 4.000 2,200 1,800 0 1,800 Narrows AVERY. MILTON Two Nudes' 3.000 1.500 1.500 0 1.500 Narrows BALDUNG. HANS Group of Seven Horses' 50.000 185,000 (135,000) (135,000) 0 Narrows BAROCCI, FEDERICO Studies of angels and children's heads (recto); Studies of legs and angels (verso) 600.000 500,000 100.000 0 100.000 Narrows BARYE. ANTOINE-LOUIS Cheval Turc' 20.000 30.000 (10.000) (10.000) 0 Narrows BARYE, ANTOINE-LOUIS Guerrier tartare arretant son cheval' 10.000 10,000 0 0 0 Narrows BARYE. ANTOINE-LOUIS Lion qui marche' 8.000 5,000 3,000 0 3,000 Narrows BARYE. ANTOINE-LOUIS Thesee combattant le centaur Bienor (esquisse)' 10.000 10.000 0 0 0 Narrows BARYE, ANTOINE-LOUIS Tigre qui marche' 8.000 5,000 3,000 0 3,000 Narrows BASKIN. LEONARD Dutch Artist' 2.500 1.500 1,000 0 1,000 Narrows BEARDSLEY, AUBREY Lady Gold's Escort (from The Yellow Book Vol. III) 240.000 45.000 195,000 0 195,000 Narrows BEARDSLEY. AUBREY The Achieving of the Sangreal' 375.000 175,000 200,000 0 200,000 Narrows BECKMANN. MAX Acrobat' 150.000 48.000 102.000 0 102.000 Narrows BECKMANN. MAX Bei der Toilette' 45.000 150.000 (105.000) (105.000) 0 Narrows BECKMANN. MAX Fastnacht' 10.000 5.000 5.000 0 5.000 Narrows BECKMANN, MAX In der Trambahn' 15.000 5.000 10,000 0 10,000 Narrows BECKMANN. MAX Kasbek (preparatory study for the drypoint)' 350.000 75,000 275,000 0 275,000 Narrows BECKMANN. MAX Kasbek (drypoint)' 50.000 28.000 22.000 0 22.000 Narrows BECKMANN. MAX Kleines Rosenstilleben mit blauem Spiegel' 1.000.000 325.000 675.000 0 675.000 Narrows BECKMANN. MAX Sacre-Coeur 85.000 20.000 65.000 0 65.000 Page 3 EFTA01113391 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum) Owner Artist Title or Description CHRISTIE'S appraised value Nov 2015 Basis Unrealized GainlLoss Unrealized Loss Unrealized Gain Narrows BECKMANN, MAX Schlangendame, from: Der Jahrmarket' 15.000 5,000 10,000 0 10,000 Narrows BECKMANN. MAX Selbstbildnis mit steifem Hut' 200.000 120.000 80.000 0 80.000 Narrows BECKMANN. MAX Vor dem Auftritt (Akrobate)' 6.000 3.000 3.000 0 3.000 Narrows BELLOWS. GEORGE WESLEY A Stag at Sharkey's' 120.000 130,000 (10.000) (10,000) 0 Narrows BELLOWS. GEORGE WESLEY Dempsey and Firpo' 120.000 130,000 (10.000) (10,000) 0 Narrows BELLOWS. GEORGE WESLEY Old Billiard Player' 10.000 2,500 7.500 0 7.500 Narrows BELLOWS. GEORGE WESLEY The Pool-Player' 30.000 3,500 26.500 0 26.500 Narrows BERNARD, EMILE Deux femmes 12.500 2,500 10.000 0 10.000 Narrows BLAKE. WILLIAM Illustrations of the Book of Job' 100.000 50,000 50.000 0 50.000 Narrows BOILLY. LOUIS-LEOPOLD Preparatory study forte Jeu d'Echecs' 300.000 140,000 160.000 0 160.000 Narrows BOLOTOWSKY. ILYA Untitled. 1973 7.000 1,500 5.500 0 5.500 Narrows BONHEUR. ROSA RAYMOND Study for The Horse Fair 30.000 8,500 21.500 0 21.500 Narrows BONHEUR. ROSA RAYMOND (AFTER) Crouching Lion (Sotheby's catalogued this as an Antoine- Louis Baryer 700 5,000 (4.300) (4,300) 0 Narrows BONINGTON. RICHARD PARKES Landscape with Harvesters at Sunset 30.000 135,000 (105.000) (105,000) 0 Narrows BONNARD, PIERRE Martha sur un divan' 350.000 300,000 50,000 0 50,000 Narrows BONNARD. PIERRE Nature morte aux fruits 70.000 70.000 0 0 0 Narrows BONNARD. PIERRE Nu a la baignoire 50.000 55.000 (5.000) (5.000) 0 Narrows BOTERO. FERNANDO El quitarrista 35.000 10.000 25.000 0 25.000 Narrows BOURDELLE, EMILE-ANTOINE Heracles archer' 125.000 110,000 15.000 0 15.000 Narrows BOURDELLE, EMILE-ANTOINE Penelope' 30.000 60,000 (30.000) (30,000) 0 Narrows BRESDIN. RODOLPHE A battle scene' 150.000 100.000 50.000 0 50.000 Narrows BRESDIN. RODOLPHE A lion hunt' 150.000 100.000 50.000 0 50.000 Narrows BRESDIN, RODOLPHE Le Bon Samaritain 100.000 88,000 12,000 0 12,000 Narrows BRESDIN. RODOLPHE Paysan au pied dun arbre 60.000 65.000 (5.000) (5.000) 0 Narrows BRUEGEL THE ELDER, PIETER The Rabbit Hunt' 900,000 675,000 225,000 0 225,000 Narrows BURNE-JONES, EDWARD L'Amor the muove it Sole e l'altre Stella (The love that moves the sun and the other stars). Dante: Paradiso, XXXIII' 1.500,000 135.000 1,365.000 0 1,365.000 Narrows BURNE-JONES. EDWARD Sir Galahad' 250.000 245.000 5.000 0 5.000 Narrows BURNE-JONES. EDWARD The Wise and Foolish Virgins 1.000.000 800.000 200.000 0 200.000 Narrows CARPACCIO, VITTORE Study of a lion 1,200,000 1,850,000 (650,000) (650,000) 0 Narrows CARRACCI. ANNIBALE A Young Man lying on his back in a landscape 2.300.000 2.525.000 (225.000) (225.000) 0 Narrows CASTELLANI. ENRICO Superficie bianca 1.000.000 400.000 600.000 0 600.000 Narrows CAVALLON. GIORGIO Untitled. 1951 9.000 8.000 1,000 0 1,000 Narrows CAVALLON, GIORGIO Untitled, 1950 9,000 8,000 1,000 0 1,000 Narrows CAVALLON, GIORGIO Untitled. 1950 9,000 8.000 1,000 0 1,000 Narrows CEZANNE, PAUL Groupe d'arbres 3.500.000 1.310.000 2.190.000 0 2.190.000 Narrows CEZANNE, PAUL Portrait du fits de ('artiste (recto): Scene illustrant un recit romantique (verso) 1.500,000 780.000 720.000 0 720.000 Page 4 EFTA01113392 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum) Owner Narrows Artist CHASSERIAU. THEODORE Title or Description Petit Couloughi, teint d'ambre (Jeune algerien d'ascendance turque (recto): paysage (verso)' CHRISTIE'S appraised value Nov 2015 200,000 Basis 250.000 Unrealized Gain/Loss (50.000) Unrealized Loss (50,000) Unrealized Gain 0 Narrows CHIRINO. MARTIN Cabeza' 7,000 25.000 (18.000) (18,000) 0 Narrows CHIRINO. MARTIN Espiral' 5.000 7,000 (2,000) (2.000) 0 Narrows CHIRINO. MARTIN Oology' 30,000 7,000 23,000 0 23,000 Narrows CLEMENTE. FRANCESCO Untitled (Jamaican Watercolor)' 85,000 43.000 42.000 0 42.000 Narrows CONSTABLE. JOHN A View in Borrowdale 150,000 70,000 80,000 0 80,000 Narrows CONSTABLE. JOHN Cloud Study' 400,000 380.000 20.000 0 20.000 Narrows CONSTABLE. JOHN Cloud Study (recto): Suffolk Landscape with a Cloudy Sky (verso)* 350,000 590.000 (240.000) (240,000) 0 Narrows COROT. JEAN-BAPTISTE-CAMILLE Le Rageur. Foret de Fontainebleau 2,000.000 690,000 1.310,000 0 1.310,000 Narrows COROT. JEAN-BAPTISTE-CAMILLE Portrait of Mlle. Jeanne Farochon 1.500.000 1.000.000 500.000 0 500,000 Narrows COROT. JEAN-BAPTISTE-CAMILLE Rome. La Vasque de la Villa Medici (La Vasque de 'Academie de France)' 600,000 550.000 50.000 0 50.000 Narrows COROT. JEAN-BAPTISTE-CAMILLE Vue de Volterra' 100.000 85.000 15.000 0 15.000 Narrows CRAWFORD. ELIZABETH The Great Game 4.500 900 3.600 0 3.600 Narrows DAUMIER. HONORE Apres ('audience 1.200.000 1,200.000 0 0 0 Narrows DAUMIER. HONORE La Defense 350,000 325.000 25.000 0 25.000 Narrows DAUMIER. HONORE L'amateur d'estampes 70.000 315.000 (245.000) (245.000) 0 Narrows DAVID. JACQUES-LOUIS Paris et Helene 600,000 460.000 140.000 0 140.000 Narrows DAVID, JACQUES-LOUIS Portrait dun revolutionnaire de profit gauche 250,000 255.000 (5.000) (5,000) 0 Narrows DAVID, JACQUES-LOUIS The ghost of Septimius Severus appearing to Caracalla. after the murder of his brother Geta 600,000 520.000 80.000 0 80.000 Narrows DAVIS. STUART Artist in Search of a Model' 400.000 74.000 326.000 0 326.000 Narrows DAVIS, STUART The Sidelong Glance' 60,000 20,000 40,000 0 40,000 Narrows DAVIS, STUART Study for Proposed Mural. United Nations Conference Room 3* 300,000 49.000 251.000 0 251.000 Narrows DAVIS, STUART Woman Standing in the Alley (Hoboken Series)' 20,000 20,000 0 0 0 Narrows DEGAS. EDGAR Danseuse mettant son bas' 400.000 275.000 125.000 0 125.000 Narrows DEGAS. EDGAR Femme au !min* 1.000.000 2,000.000 (1,000.000) (1.000,000) 0 Narrows DELACROIX. EUGENE Cavalier mamelouk au galop 200.000 160.000 40,000 0 40,000 Narrows DELACROIX, EUGENE Marine juive a Tanger 1.500.000 1.100.000 400.000 0 400.000 Narrows DELACROIX, EUGENE Portrait de Schmareck. tanneur a Tanger - Janvier 1832 600,000 800.000 (200.000) (200,000) 0 Narrows DELACROIX. EUGENE Recontre de cavaliers Maures 10,000 5,000 5,000 0 5,000 Narrows DELACROIX, EUGENE Three male nudes 60.000 24.000 36.000 0 36.000 Narrows DELACROIX EUGENE Tigre se lechant la patte 700 000 225 000 475 000 0 475 000 Narrows DENIS, MAURICE Maternite aux cypres 10,000 5.000 5.000 0 5.000 Narrows DENIS, MAURICE Jeunes filles cueillant des fleurs devant la mer 850,000 570.000 280.000 0 280.000 Page 5 EFTA01113393 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum) Owner Artist Title or Description CHRISTIE'S appraised value Nov 2015 Basis Unrealized Gain/Loss Unrealized Loss Unrealized Gain Narrows DERAIN. ANDRE Femme nue' 3.000 2.000 1,000 0 1,000 Narrows DERAIN. ANDRE Paysage avec figures' 350.000 430,000 (80,000) (80.000) 0 Narrows DERAIN, ANDRE Profil de femme' 1.000 5,500 (4,500) (4.500) 0 Narrows DERAKSHANI, REZA Dark Soil I (from Sand Painting Series) 25,000 11,000 14,000 0 14,000 Narrows DERAKSHANI, REZA Dark Soil II (from Sand Painting Series) 25.000 11.000 14.000 0 14.000 Narrows DERAKSHANI, REZA Dark Soil III (from Sand Painting Series) 25,000 11,000 14,000 0 14,000 Narrows DERAKSHANI. REZA Dark Soil IV (from Sand Painting Series) 25.000 11.000 14.000 0 14.000 Narrows DERAKSHANI. REZA Dark Soil V (from Sand Painting Series) 25,000 11.000 14.000 0 14.000 Narrows DINE. JIM Self-Portrait Head 2,000 1,200 800 0 800 Narrows DIX. OTTO Bautzen VI 60.000 14.000 46.000 0 46.000 Narrows DIX. OTTO Marry. auf einem Stuhl sitzender weiblicher Akt' 125.000 110.000 15.000 0 15.000 Narrows VAN DONGEN. KEES Femme a sa toilette' 85.000 54.000 31.000 0 31.000 Narrows DOVE, ARTHUR Untitled Centerport V' 60,000 25.000 35.000 0 35.000 Narrows DROIJAIS, JEAN-GERMAIN Marius a Minturnes 150,000 45,000 105,000 0 105,000 Narrows DUBUFFET. JEAN Table au couvert dresse 125.000 92.000 33.000 0 33.000 Narrows DURER. ALBRECHT Adam and Eve' 750.000 1.200,000 (450,000) (450.000) 0 Narrows DURER. ALBRECHT Knight. Death and the Devil' 800.000 590.000 210.000 0 210.000 Narrows DURER. ALBRECHT Melancolia r 900.000 790.000 110.000 0 110.000 Narrows DURER, ALBRECHT Nemesis - The Great Fortune' 200,000 245.000 (45,000) (45,000) 0 Narrows DURER. ALBRECHT Saint Eustace' 1.200.000 1,100.000 100.000 0 100.000 Narrows DURER. ALBRECHT Saint Jerome in his Study' 1,000,000 1,000.000 0 0 0 Narrows DURER. ALBRECHT The Apocalypse. The Life of the Virgin, The Large Passion (The Three Large Woodcut Series)' 600,000 1,400.000 (800.000) (800,000) 0 Narrows DURER. ALBRECHT The Four Horsemen from: The Apocalypse' 600,000 375.000 225.000 0 225.000 Narrows ELIZONDO. ARTURO Ardores clandestinos 7.000 4,000 3.000 0 3,000 Narrows ENSOR. JAMES Alimentation doctrinaire: First Plate' 120.000 124.000 (4.000) (4.000) 0 Narrows ENSOR, JAMES Alimentation doctrinaire: Second Plate' 80,000 124,000 (44,000) (44,000) 0 Narrows ENSOR. JAMES La Belgique au XIXe siecle' 50.000 124.000 (74.000) (74.000) 0 Narrows ENSOR. JAMES La puce 100.000 52.000 48.000 0 48.000 Narrows ENSOR. JAMES Le combat des demons (Diables rossant anges et archanges) 10,000 2.000 8.000 0 8.000 Narrows ENSOR, JAMES Le Combat des pouilleux Deir et Rissole' 70,000 124,000 (54,000) (54,000) 0 Narrows ENSOR. JAMES Les Bains d'Ostende" 120.000 124.000 (4.000] (4.000) 0 Narrows ENSOR. JAMES Mon atelier' 85,000 34,000 51,000 0 51,000 Narrows ENSOR. JAMES Mon pere mort' 70,000 98.000 (28,000) (28,000) 0 Narrows ENSOR. JAMES Self Portrait 200.000 490.000 (290.000) (290.000) 0 Narrows ENSOR. JAMES The Entry of Christ into Brussels in 1889 on the Day of Mardi Gras' 120,000 180.000 (60.000) (60,000) 0 Narrows ERNST. JIMMY Untitled 4.000 8.000 (4,000) (4,000) 0 Narrows ERNST, MAX (AFTER) The Ocean 2,000 5,500 (3,500) (3,500) 0 Page 6 EFTA01113394 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum) Owner Artist Title or Description CHRISTIE'S appraised value Nov 2015 Basis Unrealized Gain/Loss Unrealized Loss Unrealized Gain Narrows FRAGONARD. JEAN-HONORE La lecture 1,500,000 655,000 845,000 0 845,000 Narrows FRAGONARD. JEAN-HONORE Paysage au double escalier 1.000.000 655.000 345.000 0 345.000 Narrows FRIEDRICH. CASPAR DAVID Das grosse Gehege. bei Dresden 3,000.000 1.300,000 1.700.000 0 1.700,000 Narrows FUSELI. HENRY A Threatening Head 15,000 35,000 (20,000) (20,000) 0 Narrows FUSELI. HENRY The Confederates Arriving at the Rutli 400.000 92.000 308.000 0 308.000 Narrows GAINSBOROUGH. THOMAS Wooded landscape with figures outside a cottage' 200.000 190.000 10.000 0 10.000 Narrows GAUGUIN. PAUL Autoportrait 1.750,000 5,000.000 (3,250.000) (3.250,000) 0 Narrows GAUGUIN. PAUL Cylinder with Two Figures 12.500,000 8,000.000 4,500.000 0 4,500.000 Narrows GAUGUIN. PAUL Te Faruru (Here we love) 300,000 520.000 (220.000) (220,000) 0 Narrows GERICAULT. THEODORE Black Stallion in a Stable' 1.000,000 325.000 675.000 0 675.000 Narrows GERICAULT. THEODORE Leda and the Swan' 1,500,000 1,000,000 500,000 0 500,000 Narrows GIACOMETTI. ALBERTO Autoportrait 250.000 100.000 150.000 0 150.000 Narrows GIACOMETTI. ALBERTO Jean-Paul Sartre 250,000 385.000 (135.000) (135,000) 0 Narrows GIACOMETTI, ALBERTO Earthenware fireplace surround 1,250,000 400,000 850,000 0 850,000 Narrows GIACOMETTI. ALBERTO Lampe modele %toile' (a pair) 200.000 60.000 140.000 0 140.000 Narrows GIACOMETTI. ALBERTO Lampadaire modele 'figure' 200,000 130.000 70.000 0 70.000 Narrows GIACOMETTI. ALBERTO Lampadaire modele 'grande feuille', version fine 200,000 15.000 185.000 0 185.000 Narrows GIACOMETTI. ALBERTO Lampadaire modele 'grande feuille', version fine 200,000 15.000 185.000 0 185.000 Narrows GIACOMETTI. ALBERTO Paire de chenets a boule 100,000 300.000 (200.000) (200,000) 0 Narrows GIACOMETTI. DIEGO Console a double plateaux. modele a grenouilles 400,000 100.000 300.000 0 300.000 Narrows GIACOMETTI. DIEGO Console a double plateaux. modele a grenouilles 400,000 100.000 300.000 0 300.000 Narrows GIACOMETTI. DIEGO Grande table hexagonale aux arbres avec modele de chaise (eight) 2.200,000 900.000 1.300.000 0 1.300.000 Narrows GIACOMETTI, DIEGO Lampe en forme bougeoir (a pair) 80.000 30,000 50,000 0 50,000 Narrows GIACOMETTI. DIEGO Lampe hibou (a pair) 300.000 165.000 135.000 0 135.000 Narrows GIACOMETTI. DIEGO Pedestal a roiseau 400.000 325.000 75.000 0 75.000 Narrows GIACOMETTI. DIEGO Table basse aux caryatides 300,000 175,000 125,000 0 125,000 Narrows GILLOT. CLAUDE Celebration in honor of the god Pan' 220.000 215.000 5.000 0 5.000 Narrows GIMHONGSOK Canine Construction' 90.000 125.000 (35.000) (35.000) 0 Narrows VAN GOGH. VINCENT Jardin de fleurs 25.000.000 8.500.000 16.500.000 0 16.500.000 Narrows GORKY. ARSHILE Nighttime. Enigma and Nostalgia' 400.000 160.000 240.000 0 240.000 Narrows GORKY, ARSHILE Study for Blue Figure in Chair' (Study after Picasso)' 45,000 65,000 (20,000) (20,000) 0 Narrows GORKY. ARSHILE Study for Blue Figure in Chair' (Study after Picasso)' 50.000 65.000 (15.000) (15.000) 0 Narrows GORMLEY. ANTONY Base 12.500 2.700 9.800 0 9.800 Narrows GORMLEY. ANTONY Home of the Heart IV 12.500 2.700 9.800 0 9.800 Narrows GORMLEY. ANTONY Landing' 450.000 99.000 351.000 0 351.000 Narrows GORMLEY, ANTONY Seeing and Showing' 450,000 8,000 442,000 0 442,000 Narrows GORMLEY. ANTONY Sense 12.500 2.700 9.800 0 9.800 Narrows GORMLEY. ANTONY Together and Apart 350.000 80.000 270.000 0 270.000 Page 7 EFTA01113395 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum) Own:r Art::: 1:::: or D:::::::con HI-Ilit:HT:::: Et:Ha:sad Vali: NOV :CI: I3a::: Unr::::::di HThiLoss Urir:rt:Hz.:cl Los: Unr:rt::::cl Hari Narrows GOYA. FRANCISCO DE A Bov with a Blind Woman 2,000,000 660,000 1,340,000 0 1,340,000 Narrows GOYA. FRANCISCO DE A Prisoner 2.000.000 660.000 1.340.000 0 1.340.000 Narrows GOYA, FRANCISCO DE Los Caprichos' 800.000 580,000 220,000 0 220,000 Narrows GOYA. FRANCISCO DE Los Desastres de la guerra' 120,000 450.000 (330.000) (330,000) 0 Narrows GOYA. FRANCISCO DE Los Proverbios with the four additional plates' 80.000 235.000 (155.000) (155.000) 0 Narrows GOYA. FRANCISCO DE Maya y Celestina 3.000,000 660.000 2.340.000 0 2.340.000 Narrows GOYA. FRANCISCO DE The Bulls of Bordeaux: the set of four' 1.200,000 714.000 486.000 0 486.000 Narrows GRAHAM, JOHN Horse and Rider 12,500 5,000 7,500 0 7,500 Narrows GRIS. JUAN Nature morte 850.000 390.000 460.000 0 460.000 Narrows GROSZ. GEORGE L'uomo nuovo 1.500.000 1.400.000 100.000 0 100.000 Narrows HALS, FRANS Portrait of a Gentleman, half lerAth, in a black hat' 3,000,000 5,300,000 (2,300,000) (2,300,000) 0 Narrows HARTLEY. MARSDEN Calla Lillies' 300,000 140.000 160.000 0 160.000 Narrows HARTLEY. MARSDEN The Fish' 100,000 80.000 20.000 0 20.000 Narrows HARTLEY. MARSDEN Twisted Roots (Tree Study) 8,500 7,000 1,500 0 1,500 Narrows HUGO, VICTOR A figure passing in the horizon, a Gothic chapel in the foreground' 300,000 154.000 146.000 0 146.000 Narrows INGRES, JEAN-AUGUSTE- DOMINIQUE Baronne Charles-Athanase Walckenear. nee Marie-Jeanne- Antoinette-Josephine Marcotte 800,000 1,300.000 (500.000) (500,000) 0 Narrows INGRES. JEAN-AUGUSTE- DOMINIQUE Gabriel Cortois de Pressigny 10,000 17.000 (7.000) (7,000) 0 Narrows INGRES. JEAN-AUGUSTE- DOMINIQUE Mother and child (Study for the 'Martyrdom of Saint Symphorien')' 150,000 200.000 (50.000) (50,000) 0 Narrows INGRES. JEAN-AUGUSTE- DOMINIQUE Portrait de Mlle. Jeannette Hayard 1.000,000 1,100.000 (100.000) (100,000) 0 Narrows INGRES. JEAN-AUGUSTE- DOMINIQUE Portrait de Monseigneur Gabriel Cortois de Pressigny 500,000 180.000 320,000 0 320.000 Narrows INGRES, JEAN-AUGUSTE- DOMINIQUE Portrait presume de Gioachino Rossini 800,000 770.000 30.000 0 30.000 Narrows ISABEY. JEAN-BAPTISTE Portrait de Talleyrand 30,000 7.000 23.000 0 23.000 Narrows JORDAENS, JACOB Study of a man seen from behind 350,000 315.000 35.000 0 35.000 Narrows KAHN. WOLF Barn in Fog 4,000 1.200 2,800 0 2,800 Narrows KAHN. WOLF Evening Light 10,000 5.000 5,000 0 5.000 Narrows KAHN. WOLF Late Fall Haze 30,000 19,000 11,000 0 11,000 Narrows KAHN. WOLF Returning to Harbor (in Martha's Vineyard) 4,000 2.200 1,800 0 1,800 Narrows KAHN. WOLF The Towpath 20.000 35,000 (15.000) (15.000) 0 Narrows KAHN. WOLF Toward Blue Woods 20.000 4.000 16.000 0 16,000 Narrows KELLY, ELLSWORTH Brushstrokes Cut into Thirty-Five Squares and Arranged by Chance 250,000 290.000 (40.000) (40,000) 0 Page 8 EFTA01113396 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum) Owner Artist Title or Description CHRISTIE'S appraised value Nov 2015 Basis Unrealized Gain/Loss Unrealized Loss Unrealized Gain Narrows KELLY, ELLSWORTH Diagonal with Curve XVI 1 750 000 1 670 000 80.000 0 80,000 Narrows KHNOPFF. FERNAND De animalite 200.000 121,000 79,000 0 79,000 Narrows KHNOPFF, FERNAND Dessin 150.000 74,000 76,000 0 76,000 Narrows KIEFER, ANSELM Isis on the Way 1.000.000 1.625.000 (625.000) (625.000) 0 Narrows KIRCHNER. ERNST LUDWIG Artistenkind (Halbakt)' 50,000 80.000 (30.000) (30,000) 0 Narrows KIRCHNER, ERNST LUDWIG Billiardspieler' 90,000 110,000 (20,000) (20,0001 0 Narrows KIRCHNER. ERNST LUDWIG Kopf Ludwig Schames' 80.000 100.000 (20.000) (20.000) 0 Narrows KIRCHNER, ERNST LUDWIG Liegende akt auf dem Sofa' 40,000 70,000 (30,000) (30,000) 0 Narrows KIRCHNER, ERNST LUDWIG Tanzerin mit gehobenem Rock' 100,000 100,000 0 0 0 Narrows KIRCHNER. ERNST LUDWIG Wettertannen' 1.500,000 1,400.000 100.000 0 100.000 Narrows KLEE. PAUL Charme (Weiblich Anmut) - Invention 5' 50.000 100.000 (50.000) (50.000) 0 Narrows KLEE. PAUL Chinesische II 1.000.000 1.300.000 (300.000) (300.000) 0 Narrows KLEE. PAUL Der Held mit dem Fluael - Invention 2' 150.000 115.000 35.000 0 35.000 Narrows KLEE, PAUL Die Schlange 1,250,000 1,100,000 150,000 0 150,000 Narrows KLEE. PAUL Exotische Flusslandschaft 1.000.000 1.300.000 (300.000) (300.000) 0 Narrows KLEE. PAUL Frauenportrait in Rot (Bertha) 1.250.000 1.375.000 (125.000) (125.000) 0 Narrows KLEE. PAUL Gegensatze Abends (Blau und Orange) 1.500.000 1.440.000 60.000 0 60.000 Narrows KLEE. PAUL Greiser Phoenix - Invention 9' 120.000 130.000 (10.000), (10.000) 0 Narrows KLEE, PAUL Hexen-scene 850.000 335,000 515,000 0 515,000 Narrows KLEE. PAUL Konigsburg 4.000.000 1.265.000 2.735.000 0 2.735.000 Narrows KLEE. PAUL Perseus (Der Witz hat uber das Leid gesiegt) - Invention 8' 70,000 89.000 (19.000) (19,000) 0 Narrows KLEE, PAUL Tief-Ebene 2,000,000 1,900,000 100,000 0 100,000 Narrows KLEE. PAUL Weib und Tier-Fassung. Invention 1-II' 250,000 275.000 (25.000) (25,000) 0 Narrows KLIMT, GUSTAV Liegende mit angewinkelten Armen' 175.000 345,000 (170,000) (170,000) 0 Narrows KLIMT, GUSTAV Liegende nach rechts' 300,000 570,000 (270,000) (270,000) 0 Narrows KLIMT. GUSTAV Sitzender Akt mit hoher Frisur' 175.000 25.000 150.000 0 150.000 Narrows KUBIN, ALFRED Der Schwarm' 140,000 290,000 (150,000) (150,000) 0 Narrows KURTEN. STEFAN Northern Sky (Everybody's Happy Nowadays) 8.500 16.000 (7.500) (7.500) 0 Narrows LA FOSSE. CHARLES DE A mounted soldier, seen from behind' 400.000 430,000 (30,000) (30.000) 0 Narrows LEE. JENNY Half-Note No. 8 2,000 3,400 (1,400) (1,400) 0 Narrows LELY, PETER A standing figure of a gentleman from the Procession of the Order of the Garter 2.000,000 1,800.000 200.000 0 200.000 Narrows LIN. MAYA Silver River - Hudson 70.000 92.000 (22.000) (22.000) 0 Narrows LIN. MAYA Wire landscape 70.000 27.000 43.000 0 43.000 Narrows LIOTARD. JEAN-ETIENNE Portrait de Jacques de Chapeaurouge 1.000,000 790.000 210.000 0 210.000 Narrows LONG, RICHARD Cornish Slate Cross' 350.000 325,000 25,000 0 25,000 Narrows LONG. RICHARD Sun Line' 450.000 325.000 125.000 0 125.000 Narrows LONGHI. PIETRO Two standing women 150.000 175.000 (25.000) (25.000) 0 Narrows LORENZO DI CREDI Drapery study with the Christ Child standing on the Madonna's left knee 1.000,000 1,175.000 (175.000) (175,000) 0 Page 9 EFTA01113397 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which Is not promised to a museum) Owner Artist Title or Description CHRISTIE'S appraised value Nov 2015 Basis Unrealized Gain/Loss Unrealized Loss Unrealized Gain Narrows LORRAIN, CLAUDE (CLAUDE Landscape 1 500 000 890,000 610,000 0 610,000 Narrows MAILLOL. ARISTIDE Esquisse pour 'La Mediterranee 12.500 19,000 (6.500) (6.500) 0 Narrows MAILLOL, ARISTIDE Eve a la pomme* 300.000 75,000 225,000 0 225,000 Narrows MAILLOL. ARISTIDE Modele nu de dos 25,000 20,000 5,000 0 5,000 Narrows MARIN. JOHN From Crotch Isle. Maine 20.000 60.000 (40.000) (40.000) 0 Narrows MARSH. REGINALD Does Your Nose Clog Up Al 2.000 5.000 (3.000) (3.000) 0 Narrows MARSH. REGINALD Woman Walking 1.000 5.000 (4,000) (4.000) 0 Narrows MATISSE HENRI Autoportrait, 1944 500,000 270,000 230,000 0 230,000 Narrows MATISSE. HENRI Autoportrait. 1900-05 150.000 270.000 (120.000) (120.000) 0 Narrows MATISSE, HENRI Femme assise en blouse roumaine motifs de broderie 4.000,000 3,300.000 700.000 0 700.000 Narrows MATISSE, HENRI Femme nue debout 50,000 60,000 (10,000) (10,000) 0 Narrows MATISSE. HENRI Femme se reposant 700.000 340.000 360.000 0 360.000 Narrows MATISSE. HENRI Jeune title a la mantille (Etude pour l'espagnole aux fleurs) 650,000 415.000 235.000 0 235.000 Narrows MATISSE, HENRI La Danse 400,000 430,000 (30,000) (30,000) 0 Narrows VON MENZEL. ADOLPH Christmas Eve 70.000 100.000 J30.000) (30.000) 0 Narrows VON MENZEL, ADOLPH Studies of a man eating from a bowl 70,000 30,000 40,000 0 40,000 Narrows VON MENZEL. ADOLPH Hand of a woman holding a cane 50.000 20.000 30.000 0 30.000 Narrows MICHELANGELO (MICHELANGELO BUONARROTI) The Risen Christ (recto): Figure studies (verso) 25.000,000 13,300.000 11,700.000 0 11,700.000 Narrows MILLER, HARLAND Love and Other Crimes 60.000 21,000 39,000 0 39,000 Narrows MILLET. JEAN-FRANCOIS Cooper tightening staves on a barrel 700.000 290,000 410,000 0 410,000 Narrows MILLET. JEAN-FRANCOIS La ravaudeuse (Madame Millet) 1.000.000 570.000 430.000 0 430.000 Narrows MILLET. JEAN-FRANCOIS Study of a reclining female nude or sleeping nude (recto): Study of a female nude and studies for a portrait (verso) 250,000 280.000 (30.000) (30.000) 0 Narrows MIRO. JOAN Pastorale 1.250.000 1.000.000 250.000 0 250.000 Narrows MIRO, JOAN Untitled, 1933 700,000 540,000 160,000 0 160,000 Narrows MODIGLIANI. AMEDEO Caryatide de face. mains derriere la tete 400.000 380.000 20.000 0 20.000 Narrows MONDRIAN. PIET Chrysanthemum 350.000 140.000 210.000 0 210.000 Narrows MONET. CLAUDE Les nympheas avec saute 250.000 340.000 (90.000) (90.000) 0 Narrows MOORE. HENRY Seated Woman on Bench* 1.000.000 155.000 845.000 0 845.000 Narrows MOREAU, GUSTAVE Galatee 600,000 215.000 385.000 0 385.000 Narrows MOREAU. GUSTAVE Le jeune homme et la mort (Hommage a Chasseriau) 600.000 275.000 325.000 0 325.000 Narrows MUNCH. EDVARD Eifursucht II (grosse Fassung)* 70.000 47.500 22.500 0 22.500 Narrows MUNCH. EDVARD Vampyre II* 1.200.000 265.000 935.000 0 935.000 Narrows NOGUCHI. ISAMU Personnage III (Ningen 3) 1.500.000 2.100.000 (600.000) (600.000) 0 Narrows NOLDE. EMIL Junges Paar (printed in black, orange and purple)* 250,000 230,000 20,000 0 20,000 Narrows NOLDE. EMIL Junges Paar (printed in black and green') 180.000 150.000 30.000 0 30.000 Narrows NOLDE. EMIL Junges Paar (printed in black. purple and light blue)* 250.000 230.000 20.000 0 20.000 Narrows NOLDE. EMIL Salomo and seine Frauen 12.000 4,500 7.500 0 7.500 Narrows NOLDE. EMIL Segelboat 20.000 58.500 (38.500), (38.500) 0 Narrows PASCIN, JULES Turkish Dancers 2,000 3,000 (1,000) (1,000) 0 Page 10 EFTA01113398 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum) Owner Artist Title or Description CHRISTIE'S appraised value Nov 2015 Basis Unrealized Gain/Loss Unrealized Loss Unrealized Gain Narrows PETERDI. GABOR Big Blue Eclipse 1,200 3,500 (2,300), (2,300) 0 Narrows PIAZZETTA. GIAMBATTISTA Standing Male Nude (recto): Seated Male Nude (verso)' 240,000 26.000 214.000 0 214.000 Narrows PICASSO. PABLO Bacchus et jeune femme nue 250.000 89.000 161.000 0 161.000 Narrows PICASSO. PABLO Deux femmes batifolant sur un matelas de plage. Series 347. Plate 285 8,000 3.000 5.000 0 5.000 Narrows PICASSO. PABLO Femme assise dans un fauteuil 700.000 720.000 (20.000) (20.000) 0 Narrows PICASSO. PABLO Femme nue (drawing) 1.250,000 650.000 600.000 0 600.000 Narrows PICASSO. PABLO Le singe et le masque 500,000 360.000 140.000 0 140.000 Narrows PICASSO. PABLO Portrait of Elie Faure 850,000 800.000 50.000 0 50.000 Narrows PICASSO, PABLO Study for 'Head for Nude with Drapery' 4.000,000 475,000 3,525,000 0 3,525,000 Narrows PICASSO. PABLO Taureau et cheval 175.000 470.000 (295.000) (295.000) 0 Narrows PICASSO. PABLO Tete de Fernande (sculpture), 1906 2.500,000 624.000 1,876.000 0 1,876.000 Narrows PICASSO. PABLO Tete de taureau 600.000 627,000 (27,000) (27.000) 0 Narrows PICASSO. PABLO Tete d'homme (Bust d'homme aux bras croise) 4.000,000 9,100.000 (5,100.000) (5.100,000) 0 Narrows PICASSO. PABLO Tete moustachue' 5.000.000 8.200.000 (3.200.000) (3.200.000) 0 Narrows PIRANESI, GIOVANNI BATTISTA Architectural fantasy with a colossal obelisk 700.000 870,000 (170,000) (170,000) 0 Narrows POUSSIN. NICOLAS Phedre amoureuse et Pegase. Taves ('antique 600.000 730,000 (130,000) (130,000) 0 Narrows PRUD'HON. PIERRE-PAUL A woman seated holding a distaff (Clotho The Spinner), with two dogs at her feet 1.200,000 490.000 710.000 0 710.000 Narrows PRUD'HON. PIERRE-PAUL Portrait de Madame Peen de Saint-Gilles' 700.000 450,000 250,000 0 250,000 Narrows PRUD'HON. PIERRE-PAUL Study for an Allegory of the Rhine River 1.200.000 460.000 740.000 0 740.000 Narrows PURYEAR. MARTIN Untitled (work on floor) 1.250,000 1,500.000 (250.000) (250,000) 0 Narrows QUINN. MARC The Blind Still Leading the Blind 22.500 38,000 (15,500) (15,500) 0 Narrows RANSON. PAUL Jeune femme a sa toilette 50.000 18.000 32.000 0 32.000 Narrows REDON. ODILON A Edgar Pee 80.000 160.000 (80.000) (80.000) 0 Narrows REDON. ODILON Beatrice' 600,000 870.000 (270.000) (270,000) 0 Narrows REDON. ODILON Caliban 500.000 325.000 175.000 0 175.000 Narrows REDON. ODILON Dans le (eve 100,000 200.000 (100.000) (100,000) 0 Narrows REDON. ODILON La chute de Phaeton 600.000 360.000 240.000 0 240.000 Narrows REDON, ODILON La gloire noyee 500.000 450,000 50,000 0 50,000 Narrows REDON, ODILON Le cerf volant 200.000 200,000 0 0 0 Narrows REDON. ODILON Le Cube (L'Oeil) 400.000 325.000 75.000 0 75.000 Narrows REDON. ODILON Poinsettia (La fleur rouge) 500.000 200.000 300.000 0 300.000 Narrows REDON. ODILON Satan dominant le monde 250.000 160.000 90.000 0 90.000 Narrows REDON, ODILON Satyre 300.000 180,000 120,000 0 120,000 Narrows REDON. ODILON Sujet allegorique (David et Goliath) 350.000 475,000 (125,000) (125.000) 0 Narrows REMBRANDT HARMENSZ. VAN An old bearded man. seated 18.000.000 2.450.000 15.550.000 0 15.550.000 Narrows REMBRANDT HARMENSZ. VAN RIJN A vagrant couple with a dog (recto); Unidentified studies in black chalk (verso) 1.000,000 670.000 330.000 0 330.000 Page 1 I EFTA01113399 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum) Owner Artist Title or Description CHRISTIE'S appraised value Nov 2015 Basis Unrealized Gain/Loss Unrealized Loss Unrealized Gain Narrows REMBRANDT HARMENSZ. VAN RIJN Christ Crucified Between Two Thieves (The Three Crosses), third state' 2.500,000 1,500.000 1,000.000 0 1,000.000 Narrows REMBRANDT HARMENSZ. VAN Landscape with three gabled Cottages beside a Road' 350.000 540.000 (190.000) (190.000) 0 Narrows REMBRANDT HARMENSZ. VAN The Three Trees' 600.000 700.000 (100.000) (100.000) 0 Narrows RIBOT. THEODULE AUGUSTIN Les eplucheuses de pommes de terre 25.000 65.000 (40.0001 (40.000) 0 Narrows RICKEY, GEORGE Triple L Excentric Gyratory Gyratory' 500,000 700.000 (200.000) (200,000) 0 Narrows RICKEY. GEORGE Two Lines Up Excentric - Twelve Feet' 500.000 760.000 (260.000) (260.000) 0 Narrows RIVERA, DIEGO Cabeza de una tehuana (Retrato de iuchiteca) 40,000 35,000 5,000 0 5,000 Narrows RODIN. AUGUSTE L'Age d'Airain. petit modele 400.000 25.000 375.000 0 375.000 Narrows RODIN. AUGUSTE Le Penseur. petit modele 4.000.000 250.000 3.750.000 0 3.750.000 Narrows ROMANO, GIULIO (GIULIO PIPPI) Satyr crowned with vine leaves 200,000 250.000 (50.000) (50,000) 0 Narrows ROMANO. GIULIO (GIULIO PIPPI) Bacchus as Autumn 250.000 98.000 152.000 0 152.000 Narrows ROSSETTI. DANTE GABRIEL Studies for the Head of the Farmer in 'Found" 100.000 30.000 70.000 0 70.000 Narrows ROSSETTI. DANTE GABRIEL The Sun May Shine and We Be Cold 90.000 34.000 56.000 0 56.000 Narrows ROTHKO. MARK Black. White. Blue 4.000.000 5.400.000 (1.400.000) (1.400.000) 0 Narrows RUBENS. SIR PETER PAUL Nicodemus 1,000,000 960,000 40.000 0 40,000 Narrows RUSKIN. JOHN Spur of Piazzetta Shaft. Venice 8.000 6.500 1.500 0 1.500 Narrows DE SAINT-AUBIN. GABRIEL Victory of Tarquin over the Sabines and Etruscans 30,000 27.000 3.000 0 3.000 Narrows SAUNDERS. DAVID The Afterlife of Things 2,250 5,400 (3,150) (3.150) 0 Narrows SCHAUFELEIN THE ELDER. HANS A landsknetcht turned to the left carrying a halberd (recto): Two studies of coats of arms (verso) 500,000 350.000 150.000 0 150.000 Narrows SCHIELE. EGON Liegender Weiblicher Mt 400.000 99.000 301.000 0 301.000 Narrows SCHIELE. EGON Selbstbildnis 700.000 150.000 550.000 0 550.000 Narrows SCHWITTERS. KURT Ohne Titel: Kurt Schwitters. Schriftsteller 850.000 220.000 630.000 0 630.000 Narrows SERRA. RICHARD Conrad' 1.000.000 540.000 460.000 0 460.000 Narrows SERRA, RICHARD Olson' 700.000 540.000 160.000 0 160.000 Narrows SERRA. RICHARD Solid No. 3' 350.000 220.000 130.000 0 130.000 Narrows SERRA, RICHARD Solid No. 11' 350,000 220,000 130,000 0 130,000 Narrows SERRA. RICHARD Solid No. 13' 350.000 220.000 130.000 0 130.000 Narrows SEURAT, GEORGES Arbres et bateaux 3,000,000 1,760,000 1.240.000 0 1,240,000 Narrows SEURAT, GEORGES Cavalier sur une route 1,250,000 1,575,000 (325,000) (325,000) 0 Narrows SEURAT. GEORGES Rayons 2.000,000 700.000 1,300.000 0 1,300.000 Narrows SIGNAC. PAUL La Salis. Antibes 175.000 43.000 132.000 0 132.000 Narrows SMITH. DAVID Untitled' 425.000 460.000 (35.000) (35.000) 0 Narrows SPRANGER, BARTHOLOMAEUS Adam and Eve 500,000 250.000 250.000 0 250.000 Narrows VON STUCK. FRANZ Steam Power 20,000 6.500 13.500 0 13.500 Narrows TANSEY. MARK Homage to Susan Sontag 1.250,000 50.000 1,200.000 0 1,200.000 Narrows THIEBAUD. WAYNE Pink Swirl 900,000 120.000 780.000 0 780.000 Narrows TIEPOLO. GIOVANNI BATTISTA The Calling of St. Peter 400.000 185.000 215.000 0 215.000 Narrows TIEPOLO. GIOVANNI BATTISTA The Firing Squad 800,000 225.000 575.000 0 575.000 Page 12 EFTA01113400 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum) Owner Narrows Artist TINTORETTO (JACOPO ROBUST') Title or Description Study of male nude lying on the ground CHRISTIE'S appraised value Nov 2015 500.000 Basis 854.000 Unrealized Gain/Loss (354.000) Unrealized Loss (354.000) Unrealized Gain 0 Narrows TISSOT. JAMES La Soeur Ainee* 250.000 125.000 125.000 0 125.000 Narrows TOULOUSE-LAUTREC. HENRI DE Au bat de l'opera 10.000,000 11,000.000 (1,000.000) (1.000,000) 0 Narrows TOULOUSE-LAUTREC. HENRI DE La Coiffure 1.750.000 1.000.000 750.000 0 750.000 Narrows TURNER. JOSEPH WILLIAM Kilgarren Castle. Pembrokeshire 1.200,000 700.000 500.000 0 500.000 Narrows TWACHTMAN. JOHN HENRY Irises' 20,000 55.000 (35.000) (35,000) 0 Narrows VALDES. MANOLO Ariadna I' 450,000 695.000 (245.000) (245,000) 0 Narrows VASARI. GIORGIO Christ giving the keys to St. Peter 700.000 590.000 110.000 0 110.000 Narrows IL VERONESE (PAOLO CALLIARI) Madonna and Child with two Saints 1.500.000 2.525.000 (1.025.000) (1.025.000) 0 Narrows IL VERONESE (PAOLO CALLIARI) The Apotheosis of Venice: Design for a Ceiling in the Sala del Maggior Consiglio, Palazzo Ducale. Venice 23.500,000 25,000.000 (1,500.000) (1.500,000) 0 Narrows VOUET. SIMON Portrait of a woman with a veil 400,000 400.000 0 0 0 Narrows VUILLARD. EDOUARD A fond de train" 400,000 110.000 290.000 0 290.000 Narrows VUILLARD. EDOUARD Dr. Quiserne' 50,000 30.000 20.000 0 20.000 Narrows VUILLARD, EDOUARD Le Mannequin' 70,000 60.000 10.000 0 10.000 Narrows WATTEAU. JEAN-ANTOINE Tete d'homme coifee d'un chapeau, vue de profit et tournee vers la droite; une main droite levee: une main gauche tenant une canne 800,000 415.000 385.000 0 385.000 Narrows WATTEAU. JEAN-ANTOINE Landscape, after Campagnola 500.000 544.000 (44.000) (44.000) 0 Narrows WESSELMANN. TOM Nude with Floral Wall (Large. Black)' 300,000 385.000 (85.000) (85,000) 0 Narrows WRIGHT OF DERBY. JOSEPH A Grotto in the Gulf of Salerno, Morning: A Grotto in the Gulf of Salerno. Evening 1.200,000 1,400.000 (200.000) (200,000) 0 Narrows ZIMMERMAN. ELYN Stalled Cairn 125,000 80.000 45.000 0 45.000 Narrows ZHANG HUAN Airplanes' 175.000 760.000 (585.000) (585.000) 0 Narrows ZHANG HUAN Ash Skull No. 14* 90.000 345,000 (255,000) (255.000) 0 Narrows ZHANG HUAN Broomcorn Field (from the Memory Door series)' 45,000 195,000 (150,000) (150,000) 0 Narrows ZHANG HUAN Handicraftsman (from the Memory Door series)* 45.000 195.000 (150.000) (150.000) 0 Narrows ZHANG HUAN Stairs (from the Memory Door series)* 45.000 195.000 15.000 0 15.000 372,328.150 76.389.775 (43.641.975) 120.031.750 Page 13 EFTA01113401 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which Is not promised to a museum) Owner Artist CHRISTIE'S appraised value Title or Description Nov 2015 Basis Unrealized Gain/Loss Unrealized Loss Unrealized Gain WORKS FOR WHICH HEATHER IS RESEARCHING BASIS LDB ALDEGREVER, HEINRICH Self-portrait aged 35 35,000 LDB ALTDORFER. ALBRECHT The Holy Family at the Fountain 60.000 LDB ANDREANI. ANDREA (AFTER The Triumph of Julius Caesar 50.000 LDB ASPERTINI. AMIGO (ATTRIBUTED Allegory with Adam and Eve expelled from Paradise' 15.000 LDB BALDUNG. HANS Adam and Eve 20.000 LDB BEHAM. BARTHEL The Madonna by the Window 80.000 LDB BEHAM. HANS SEBALD The Lovers 80.000 LDB BURGKMAIR, HANS Lovers Surprised by Death (black and two shades of reddish brown)' 800,000 LDB BURGKMAIR, HANS Lovers Surprised by Death (black. light eggshell blue and pale greenish grey)' 1.000,000 LDB BURGKMAIR. HANS The Apocalypse 40.000 LDB BURGKMAIR. HANS Wie de lung weiss kuniq 25.000 LDB CAMPAGNOLA. GIULIO & Three Shepherds and a Shepherdess in a Landscape' 100,000 LDB CARRACCI. ANNIBALE Venus and a Satyr 12.000 LDB CRANACH THE ELDER. LUCAS Marcus Curtius Plunging into the Chasm 15,000 LDB CRANACH THE ELDER, LUCAS Saxon Prince on a Boar Hunt 30,000 LDB CRANACH THE ELDER. LUCAS The Sermon of Saint John the Baptist 30.000 LDB DURER. ALBRECHT A Knight on Horseback and Lansquenet' 70.000 LDB DURER. ALBRECHT Coat of Arms with a Cock 70.000 LDB DURER. ALBRECHT Hercules and the Molionide Twins' 50.000 LDB DURER, ALBRECHT Hercules, or The Effects of Jealousy 150,000 LDB DURER. ALBRECHT Saint Jerome in his Cell 60.000 LDB DURER. ALBRECHT Saint Jerome in Penitence' 80.000 LDB DURER. ALBRECHT The Adoration of the Magi 60.000 LDB DURER. ALBRECHT The Engraved Passion 200.000 LDB DURER, ALBRECHT The Holy Family with Saints Joachim and Anna under a Tree 40,000 LDB DURER. ALBRECHT The Madonna and Child on a Crescent Moon 50.000 LDB DURER. ALBRECHT The Martyrdom of Saint Catherine' 60.000 LDB DURER. ALBRECHT The Nativity 200.000 LDB DURER. ALBRECHT The Ravisher 180.000 LDB DURER, ALBRECHT The Sea Monster' 120,000 LDB DURER. ALBRECHT The Sudarium held by two Angels 60.000 LDB DUVET. JEAN Saint Sebastian between Saints Anthony and Roch' 80.000 LDB DUVET. JEAN The King pursued by a Unicorn' 120.000 LDB VAN ESPLEGHEM. FRANS Saint John the Baptist preaching' 15.000 LDB GALLE, PHILIPS (AFTER PIETER The Alchemist 50,000 Page 14 EFTA01113402 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which Is not promised to a museum) Owner Artist Title or Description CHRISTIE'S appraised value Nov 2015 Basis Unrealized Gain/Loss Unrealized Loss Unrealized Gain LDB GALLE, PHILIPS (AFTER PIETER The Parable of the Wise and Foolish Virgins' 8,000 LDB GERMAN SCHOOL (15TH Adam and Eve: St. Sebastian 40.000 LDB GERMAN SCHOOL (15TH Saint Christopher 350.000 LDB GERMAN SCHOOL (15TH The Adoration of the Magi 30,000 LDB GERMAN SCHOOL (15TH The Temptation of Christ 40.000 LDB GERMAN SCHOOL (15TH The Virgin with Child holding a Flower 40,000 LDB GERMAN SCHOOL (15TH The Virgin and Child on a Crescent Moon 180.000 LDB GERMAN SCHOOL (15TH Woman with a Rose. a Banderole and a Lap Dog 30.000 LDB GIACOMETTI, ALBERTO Lampadaire modele'feudle' 200.000 LDB GIACOMETTI. ALBERTO Lampadaire modele 'osselet. deuxieme version 200.000 LDB GIACOMETTI. DIEGO Console avec deux crapauds et deux moineaux run avec les ailes deployees 600,000 LDB GIACOMETTI. DIEGO Crapaud (sitting on the above console table) 15,000 LDB GIACOMETTI. DIEGO Fauteuil aux totes de lionnes. seconde version. pieds anterieurs en grilles et lions (a pair) 150,000 LDB GIACOMETTI. DIEGO Fauteuil aux fates de lionnes. seconde version. pieds anterieurs en oriffes et lions Pair) 150,000 LDB GIACOMETTI. DIEGO _la Table a oiseau et coupelle 400.000 LDB GIACOMETTI. DIEGO Table carcasse basse avec harpie 150.000 LDB GIACOMETTI. DIEGO Table feuilles aux oiseaux et grenouilles 300,000 LDB GRAF. URS Passio domini nostri Jesu Christi - Die Figuren der Passion oder des Leidens Christi 25,000 LDB VAN DER HEYDEN, PIETER, The Last Judgement' 20,000 LDB VAN DER HEYDEN. PIETER. The Wedding of Mopsus and Nisa. or: The Dirty Bride' 60.000 LDB VAN DER HEYDEN. PIETER, The Ship of Fools, or: Die blau Schuyte* 90.000 LDB HIRSCHVOGEL, AUGUSTIN Castle Yard 60,000 LDB HIRSCHVOGEL. AUGUSTIN Landscape with a Church 40.000 LDB LAUTENSACK. HANNS SEBALD Landscape with a Fortress and a big Stairway 70,000 LDB VAN LEYDEN. LUCAS Susanna and the Elders 100,000 LDB VAN LEYDEN. LUCAS The Fall of Man 2.000 LDB VAN LEYDEN. LUCAS The Fall of Man (early impression) 120,000 LDB LOWER RHENISH OR FLEMISH SCHOOL (15TH CENTURY) A Letter of Indulgence: Christ as the Man of Sorrows standing in the Tomb, with the instruments of the Passion, behind Him at left Saint Bernhard of Clairvaux. at rioht an 60,000 LDB MASTER BXG Saint Anthonyvisiting Saint Paul the Hermit 200.000 LDB MASTER ES An Oblong Ornamental Panel with Women Fighting for 700.000 LDB MASTER ES The Madonna and Child on a Grassy Bench between Saints Barbara and Dorothy (the Small Hodus Conclususl 200.000 LDB MASTER M.Z. Aristotle and Phyllis 40.000 LDB MASTER M.Z. The Embrace 30.000 Page 15 EFTA01113403 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum) Owner Artist Title or Description CHRISTIE'S appraised value Nov 2015 Basis Unrealized Gain/Loss Unrealized Loss Unrealized Gain LDB MASTER OF THE AACHEN The Man of Sorrows standing with Symbols of the Passion 150,000 LDB MASTER OF THE DUTUIT MOUNT The Agony in the Garden 40.000 LDB MASTER OF THE MARTYRDOM OF Christ and the Woman of Samaria 40.000 LDB VAN MECKENEM. ISRAHEL An upright ornamental Panel with scrolling Foliage and eight naked Figures 180,000 LDB VAN MECKENEM. ISRAHEL Ornament with Morris Dancers 250.000 LDB VAN MECKENEM. ISRAHEL Ornament with seated Lovers. Birds and Beasts 200.000 LDB VAN MECKENEM. ISRAHEL The Couple Seated on the Bed 100,000 LDB VAN MECKENEM. ISRAHEL The Dance at the Court of King Herod 150.000 LDB VAN MECKENEM, ISRAHEL The Lutenist and the Harpist 80.000 LDB VAN MECKENEM. ISRAHEL The Organ Player and his Wife 40,000 LDB VAN MECKENEM. ISRAHEL The Life of the Virgin 400.000 LDB NESHAT, SH I RIN Untitled (Hands) 6,000 LDB NORTHERN ITALIAN SCHOOL Saint Nicholas of Myra' 100.000 LDB REMBRANDT HARMENSZ. VAN Abraham Francen. Apothecary' 250.000 LDB REMBRANDT HARMENSZ. VAN Adam and Eve 70.000 LDB REMBRANDT HARMENSZ. VAN Bearded Man in a Velvet Cap with a Jewel Clasp' 60.000 LDB REMBRANDT HARMENSZ. VAN Christ at Emmaus: the Larger Plate 250,000 LDB REMBRANDT HARMENSZ. VAN Christ driving the Money Changers from the Temple 50.000 LDB REMBRANDT HARMENSZ. VAN Ephraim Bonus. Jewish Physician' 150,000 LDB REMBRANDT HARMENSZ. VAN Jan Cornelis Sylvius, Preacher 30,000 LDB REMBRANDT HARMENSZ. VAN Jews in the Synogogue' 60.000 LDB REMBRANDT HARMENSZ. VAN Jupiter and Antiope' 500,000 LDB REMBRANDT HARMENSZ. VAN Saint Jerome in an Italianate Landscape' 800,000 LDB REMBRANDT HARMENSZ. VAN The Adoration of the Shepherds with the Lamp 180.000 LDB REMBRANDT HARMENSZ. VAN The Agony in the Garden 350.000 LDB REMBRANDT HARMENSZ. VAN The Descent from the Cross by Torchlight 120.000 LDB REMBRANDT HARMENSZ. VAN The Entombment' 750.000 LDB REMBRANDT HARMENSZ. VAN The Goldsmith 30.000 LDB REMBRANDT HARMENSZ. VAN The Little Jewish Bride (Saskia as Saint Catherine) 75.000 LDB REMBRANDT HARMENSZ. VAN The Triumph of Mordecai 100.000 LDB REMBRANDT HARMENSZ. VAN The Virgin and Child with the Cat and Snake 100,000 LDB SCHONGAUER. MARTIN Saint John on Patmos 350.000 LDB SCHONGAUER, MARTIN The Coronation of the Virgin 400.000 LDB SCHONGAUER. MARTIN A Foolish Virgin, Half Length' 900.000 LDB SCHONGAUER. MARTIN The Flight into Egypt' 250.000 LDB SCHONGAUER, MARTIN The Nativity' 400.000 LDB SCHONGAUER. MARTIN The Road to Calvary' 200.000 LDB SCHONGAUER. MARTIN The Wise and Foolish Virgins 1,200.000 LDB SOUTH GERMAN SCHOOL The Nativity 400.000 LDB STRUTH. THOMAS The Black Family 225.000 Page 16 EFTA01113404 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which Is not promised to a museum) Owner Artist Title or Description CHRISTIE'S appraised value Nov 2015 Basis Unrealized Gain/Loss Unrealized Loss Unrealized Gain LDB VAN DYCK, SIR ANTHONY Adam van Noort' 50,000 LDB VAN DYCK. SIR ANTHONY Frans Franken the Elder' 40.000 LDB VAN DYCK. SIR ANTHONY Frans Snyders' 40.000 LDB VAN DYCK. SIR ANTHONY Jan Brueghel the Elder' 50,000 LDB VAN DYCK. SIR ANTHONY Jan de Wael' 40.000 LDB VAN DYCK, SIR ANTHONY Jan Snellinck' 35,000 LDB VAN DYCK. SIR ANTHONY Joos de Momper' 40.000 LDB VAN DYCK, SIR ANTHONY Justus Sustermans' 50.000 LDB VAN DYCK. SIR ANTHONY Lucas Vorsterman' 40.000 LDB VAN DYCK. SIR ANTHONY Paul de Vos' 40.000 LDB VAN DYCK, SIR ANTHONY Philippe le Roy' 40,000 LDB VAN DYCK. SIR ANTHONY Pieter Brueghel the Younger' 50.000 LDB VAN DYCK. SIR ANTHONY Self Portrait' 80.000 LDB VAN DYCK. SIR ANTHONY Willem de Vos' 40.000 Narrows AVERY. MILTON Dark Trees. Pale Mountain 15.000 Narrows BARYE, ANTOINE-LOUIS Lion Marchant 10.000 Narrows BELLOWS. GEORGE WESLEY Nude Reclining 15.000 Narrows CALDER. ALEXANDER Untitled (lithograph) 3.000 Narrows CHUN. KWANG YOUNG Aggregation 05-F011 125.000 Narrows CHUN. KWANG YOUNG Aggregation 05-J003 125.000 Narrows CORBETT, EDWARD Untitled 4,500 Narrows CORBETT. EDWARD Washington. DC April 1965 #14 8.000 Narrows CORBETT. EDWARD Washington. DC 1970 8.000 Narrows CUEVAS. JOSE LUIS Self-portrait like Rimbaud in Charenton 4.000 Narrows DEGAS. EDGAR Femme s'essuyant les cheveux 350.000 Narrows DERAIN. ANDRE Cheval 40,000 Narrows DERAKSHANI. REZA Black Figs 125,000 Narrows DURER. ALBRECHT The Holy Family with a Butterfly' 80.000 Narrows ERNST. JIMMY Into Night 12.500 Narrows ERNST. JIMMY Landscape Variation no. 6 1.000 Narrows ERNST. MAX Hibou-Arlequin 3,500 Narrows ERNST, MAX Masques 5,000 Narrows ERNST. MAX Rhythms 2.000 Narrows FRATIN. CHRISTOPHE Le cavalier arabe attaque par un lion (La chasse au lion) 15,000 Narrows GUSSOW. ROY Isomorphic Pair 2,500 Narrows KAHN. WOLF #50. Black Barn. White Dwelling 20.000 Narrows KAHN. WOLF Vineyard Sunset 2,000 Narrows KLEE. PAUL Ein Mann versinkt vor der Kronoze - Invention 7 200,000 Narrows LAUGE. ACHILLE Landscape 5.000 Narrows LEE. JENNY Half-Note 2,000 Page 17 EFTA01113405 Narrows (non-collateral) and Leon D. Black (art owned 100% by LDB which is not promised to a museum) Owner r Title or Description CHRISTIE'S praised value Nov 2015 Basis Unrealized Gains Loss Unrealized Loss Unrealized Gain Narrows LEE, JENNY Song for a Sculptor 2,000 Narrows PETERDI, GABOR La Grande Bataille 500 Narrows PETERDI, GABOR Pacific II 2,000 Narrows PETERDI, GABOR Seed and Rock IV 400 Narrows PETERDI, GABOR The Blue Veil of Distance 500 Narrows SAUNDERS, DAVID Untitled 2,500 Narrows SMITH, HOUGHTON CRANFORD Helm and Pulleys 500 Narrows SMITH, HOUGHTON CRANFORD Rigging 500 20,619,900 Page 18 EFTA01113406