EFTA02711416

TRUSTS 2014 LOB LLC UNREALIZED LO TO HI JULY 2014 SOTHEBY'S Sotheby's Fair Value (% CUMULATIVE (PL EDGED) Appraised Ownership) or GROSS GIFT. NAME OF Total Paid (in Value (July Cost (if not on UNREALIZED UNREALIZED OWNERS DONEE Artist Item Descnpbon USO) 2014) Appraisal) GAIN (LOSS) GAIN (LOSS) INCREMENTAL HIP % INSTITUTION NARROWS • MANET, EDOUARD Portrait de Berme klorlsot 25.226.302 15,000,000 15,000.000 (10.226.302): (10226.302) 100% NARROWS SMITH. DAVID Cubi II 25.770,000 22,000.000 22.000,000 (3.770.000) (13.996.302) 100% NARROWS PICASSO. PABLO Tete d homme 9,103,500 * 7,000.000 7.000,000 (2.103,500) (16.099.802)' 100% NARROWS ROTHKO. MARK Black. White. Blue 5,429.315 • 3,600.000 3,500,000 (1,929,315). (18,029.117) 100% NARROWS DAVID. JACCIUESLOULes amours de Pans et Helene 4.928.028 3,500.000 3,500.000 (1.428.028). (19,457.145) 100% NARROWS .STRAET, JAN VEN DER. Disegni Rappresentanb 4 Purgatorio Di Dante Alighi 1.525,000 175,000 175.000 (1.350,003) (20.807,145). 100% NARROWS KIPPENBERGER, MARTIUntitled (from the senes The Raft of the Medusa) t 3.819.135 • 2.500.000 • 2,500,000 (1.319,135) (22,128280) 100% MoMA NARROWS PICASSO. PABLO Tele moustachue 8.185.625 * 7,000.000 * 7,000,000 (1.165.625). (23.291.905)* 100% NARROWS DE GOYA. FRANCISCO Elul Held by a Cord 13,146.222 12,000.000 12,000.000 (1.146.222). (24,438.127) 100% NARROWS REMBRANDT VAN RUN Christ Crucified Between Two Thieves (The Three 2.384,250 1.400.000 1,400.000 (984.250) (25.422.377) 100% NARROWS KELLY, ELLSWORTH Diagonal with Curve XVI 1,665.788 ‘ 700.000 700.000 (965.788) (26.388.164). 100% NARROWS NOGUCHI, ISAMU Personuge Ill (Netgen 3) 2.147.500 • 1200.000 . 1200,000 (947,500). (27.335.664). 100% NARROWS •DE TOULOUSE-LAUTRE Au bal de ropera 10.988.634 10.125.000 10,125.000 (843.834). (28,179.298) 100% NARROWS 'KIEFER. ANSELM Isis on the Way 1.625.825 800.000 800.000 (825.625) (29.004,923) 100% NARROWS INGRES, JEAN-AUGUST Baronne Charles-Alharase Walckenear. nee Mane-, 1296.630 500.000 • 500.000 (796,630) (29.801.553)• 100% NARROWS DE GOYA, FRANCISCO La culpa es tuya (Cost de la faute) (It's all your fault 2.778.085 • 2.000.000 2030,000 (778.085), (30.579.638)• 100% NARROWS MATISSE, HENRI Femme assise en blouse Roumaine motifs de brodt 3.266,250 2,500 000 2,500,000 (786,250). (31.345.888) 100% NARROWS •REMBRANDT VAN RUN •Group of six pnnts including the Six Portrait 100 GU 9254.375 8,500 000 8,500.000 (754.375) (32.100,263) 100% NARROWS MANET. EDOUARD La posada (The tavern or Before the Corrida) 2.994.063 • 2.250 000 2.250.000 (744.063) (32.844.325)• 100% NARROWS KLEE. , PAUL Untitled 4,725,220 • 4,000.000 • 4,000,000 (725,220). (33.569.545)• 100% NARROWS MIRO, JOAN Orseau Lunaire 4,191.688 3.500.000 3,500.000 (891.688). (34,281.233) 100% NARROWS GONZALEZ. JULIO Homme gothique 3.100.324 2,500.000 2.500.000 (600.324) (34.861,557) 100% NARROWS COROT. JEAN-BAPTLSTIPortrail of Mlle. Jeanne Farochon 1,082.500 • 500 000 • 500.000 (582.500) (35.444.057i 100% NARROWS .SCHIELE. EGON Seated Nude Violet Stockings 3.375,125 * 2,800.000 2,800.000 (575.125), (36.019.182) 100% NARROWS GAUGUIN. PAUL Self-Portmg 5.062.888 4,500.000 4,500,000 (562,688)• (36,581,869) 100% NARROWS 'ZHANG HUAN Airplanes 758,625 200 000 200.000 (558.625) (37,140,494), 100% NARROWS MANET. EDOUARD Huitres 6.502.500 * 6.000.000 6.000.000 (502.500) (37.642.994) 100% NARROWS CEZANNE. PAUL Le jardin des Lauves: Vue sur Aix et le Cathedrale c 5.960.625 • 5.500.000 • 5,500,000 (460,625) (38,103.619) 100% NARROWS 'KIRCHNER, ERNST LUOWettenannen (O. H 392) 1.439,992 1.000 000 1,000,000 (439992): (38.543.611) 100% NARROWS MATISSE, HENRI Rendering of the Barnes Mural in Progress 2.177.500 1.750.000 1,750.000 (427.500) (38.971.111) (38.971.111) 100% NARROWS SEVERINI, GINO L'autobus 1.418.229 • 1.000 000 • 1,000.000 (418,229) (39.389.340). 100% NARROWS CARRACCI, LUDOVICO St. John The Evangelist 877,489 460.165 460,165 (417,324). (39.806.664). 100% NARROWS MILLET. JEANPRANCOILa ravaudeuse (Madame Millet) 570.833 175.000 175,000 (395,833)' (40,202.498) 100% NARROWS 'VAN DYCK, SIR ANTHOf Two Studies of a Bearded Man 7,893.482 7,500.000 7,500,000 (393.482) (40,595.979). 100% NARROWS SCHONGAUER Group of Prints. Including the large Crucifixion 4.355.000 * 4.000.000 • 4.000.000 (355.000) (40.950.979) 100% NARROWS TINTORETTO. JACOPO Study of male nude lying on the ground 854.233 ' 500.000 • 500,000 (354,233) (41.305.213) 100% NARROWS GIACOMETTI, DIEGO Chandelier 1.449.563 1,100 000 1,100,000 (349,563): (41,654,775) 100% NARROWS REDON. ODILON La Tenation de Saint-Antoine 1.573.244 1.250.000 1,250.000 (323.244) (41.978.019) 100% NARROWS BALDUNG, HANS Head of a Man. in Three-Quarter-Profile to the Left 4,022.880 • 3,700.000 • 3,700,000 (322,880) (42,300.899) 100% NARROWS CEZANNE, PAUL Sous-bois and Chapeau el flours dans ure bouteille 3.320,367 • 3,000.000 . 3.000.000 (320,367), (42,621.266)* 100% NARROWS DAUMIER. HONORE Galene de tableaux (Les Amateurs de tableaux) 3.810.625 3.500 000 3.500.000 (310.625), (42.931.891) 100% NARROWS DUVET. JEAN Group of Prints including the Apocalypse 3,810,625 , 3,500.000 3,500.000 (310.625) (43.242.516). 100% NARROWS KLEE. PAUL Exotische FlusslandschaR 1.306.054 1.000 000 . 1,000,000 (306.054) (43.548.570) 100% NARROWS INGRES, JEAN-AUGUST Portrait de Mlle. Jeannette Hayard 1.100,000 • 800.000 • 800,000 (300,000). (43.848,570) 100% NARROWS REDON, ODILON Bouquet de flours 2.800,000 2.500 000 2,500,000 (300.000). (44.148.570) 100% NARROWS REDON. ODILON Les Flours du Mal 1,769,219 1.500.000 1,500,000 (269.219) (44.417,789) 100% NARROWS INGRES, JEAN-AUGUST Portrait presume de Gioacchino Rossini 768.065 . 500 000 • 500,000 (288,065) (44,685.854): 100% NARROWS MASTER E. S. Group ol 15th Century Prints. Including the initial '14. 3.266,250 ' 3,000 000 . 3,000,000 (266.250). (44,952.104) 100% NARROWS HALS. FRANS Portrait of a Man Holding a Book 5.263.016 5.000 000 5,000.000 (263.016)* (45.215.120) 100% NARROWS ZUCCARO, TADCIE0 A Baccht procession with drunken Silenus 341246 80.000 80.000 (261,246) (45.476.366). 100% NARROWS MIRO, JOAN Pastorale 1.056)356 • 800,000 . 800,000 (256,656) (45.733022) 100% NARROWS GELLEE, CLAUDE CALL View of CNitavecchia with a Draughtsman and FIER 2255.330 . 2.000.000 • 2.000,000 (255.330), (45.988.352)' 100% NARROWS :DELACROIX, EUGENE Portrait de Schmareck. tanneur a Tanger 800.095 550.000 560.000 (250.095). (46.238.447) 100% NARROWS VAN LEYDEN. LUCAS The Angel Gabriel for an Annunciationt (44.22% inir 3251250 6.800.000 3,006.960 (244.290) (48.482.737), 44% NARROWS KUBIK ALFRED The Swarm 287,197 * 70.000 * 70.000 (217,197) (46.699.934)* 100% NARROWS DE GOYA. FRANCtSCO Buis of Bordeaux: a group of four (El Americano. B. 714.450 • 500.000 . 500,000 (214,450). (46.914.384) 100% NARROWS KLEE. PAUL WI (In Memoriam) 2.613.000 2.400,000 2,400.000 (213.000)* (47.127.384) 100% NARROWS PRUD'HON. PIERRE-PAIPortrait de Madame Peen de Saint-Gees 453,688 250,000 250.000 (203.688) (47.331,072) 100% NARROWS ZHANG HUAN Ash Skull No 14 346.800 ' 150.000 ' 150,000 (196,800) (47,527,872)• (8.984.260) 100% NARROWS DORER, ALBRECHT Group of Prints: Woodcuts and Engravings India:Jim 2.177.500 * 2,000,000 * 2,000,000 (177,500) (47.705,372)* 100% Page 1 of 10 EFTA_R1_02125138 EFTA02711416 TRUSTS 2014 LOB LLC UNREALIZED LO TO HI JULY 2034 SOTHEBY'S Sotheby's Fair Value I% CUMULATIVE (PLEDGED) Appraised Ownership) or GROSS OFT. NAME OF Total Paid (in Value (July Cost (if not on UNREALIZED UNREALIZED OWNERS DONEE Artist Item Description USD) 2014) Appraisal) GAIN (LOSS) GAIN (LOSS) INCREMENTAL HIP % INSTITUTION NARROWS VAN MECKENEM. *RAF Group of Prints 2.177.500 2.000.000 2.000,000 (177,503) (47.882,872) 100%. NARROWS KANDINSKY. VASSILY Above and Left 6,177,375 6.000.000 6.000,000 1177.375), (48.060.247) 100%. NARROWS KLEE, PAUL Frauenportrait in Rol (Bertha) 1.375.000 1.200.000 1202000 (175.000) (48235.247) 100% NARROWS GIACOMETTI. DIEGO Pair of Andirons 125.000 125,000 (174,898) (48.410.145): 100% NARROWS BRONZINO, GNOLO Sealed Male Nude (Study for the Martyrdom of San. 2,172,500 4,000.000 2.000,000 _(172.500), (48,582.645) 50%.Met NARROWS REDON. ODILON Beatrice 868.125 700.000 700.000 (168.125). (48.750.770) 100%. NARROWS REDON, ODILON Darn le rave (Mellen° 27-36) 205,875 40.000 . 40.000 (165.675) (48.916.445). 100% NARROWS RICKEY. GEORGE Two Lines Up ExCentrIc • Twelve Feet 762,125 600.000 . 600.000 (162.125) (49.078,570). 100% NARROWS MILLET. JEAN-FRANC/01Cooper 'Tightening Staves on a Barrel 288.863 ' 125.000 125.000 (161.863), (49240.432) 100%. NARROWS CARPACCIO. VITTORE .Study of a Lion 1,850,875 1.700.000 1,700000 (150.875). (49.391.307) 100%. NARROWS GIACOMETTL DIEGO Pedestal a roiseau 324.750 175.000 , 175.000 (149.750) (49,541.057), 100% NARROWS KLEE, PAUL Weib und Tier (Kornfeld. no. 3) 249.458 100.000 100.000 (149.458) (49,690.515). 100% NARROWS CONSTABLE. JOHN Cloud Study 598,813 450,000 450000 (148,813). (49,839.328) 100%. NARROWS KLEE. PAUL Tief -Ebert (Lowlands) 1.897.564 1.750.000 1,750.000 (147.564) (49.986.892) 100%, NARROWS LELY. SIR PETER A standing figure of a gentleman from the Processic 1.794,461 . 1,648.185 1,848.165 _046.296) (50.133.188). 100% NARROWS VALDES. MANOLO Anadna I 695,050 550.000 560.000 (145.050) (50278.238), 100% NARROWS .NOLDE. EMIL Junges Paar (S. L52) 228.969 90.000 90.000 (138.969), (50.417.207) 100%, NARROWS GIACOMETTI, ALBERTOJean.Paul Sartre 385.988 250.000 250,000 _035.988). (50,553,194) 100%. NARROWS WESSELMANN, TOM Nude wilh Floral All (Large Black) 385.000 250.000 250.000 (135.000) (50.688.194) 100% NARROWS ENSOR. JAMES Alimentation doctrinaire- Doctrinal Nourishment (7.1 248.235 114.000 , 114.000 _034.235) (50.822.429). 100% NARROWS BECKMANN. MAX ,Bei der Toilette (Al the Toilette) (H. 261 B; GI. 232; ( 150,000 20.000 20,000 _030.000). (50,952,429) 100%. NARROWS CASTELLANI. ENRICO Supedicie dente 402.315 275.000 275.000 (127,315), (51.079.744) 100%, NARROWS CHASSERLAU. THEODO Recto: Portrait of a Little Couloughr 249.022 125.000 . 125.000 _024.022) (51.203.766). 100% NARROWS KLEE, PAUL Weib und Tier - Inv. 1(Komfeld. no.13) 273.102 150.000 150.000 (123.102) (51.326.868). 100% NARROWS BRACX/E. GEORGES La tabie (Still Life with a Fan)t (50% interest) 2671,938 • 5,500.000 2.750.000 (121.938), (51.448.806) 50%.MoMA NARROWS KLIMT. GUSTAV .Reclining Woman to the Right 570.892 450.000 450,000 1120,692). (51,569498) 100% NARROWS 'REMBRANDT VAN RUN Chnst Crucified Between Two Thieves (The Three e 1.517,250 . 1,400000 . 1,400.000 (117250) (51.686,748). 100% NARROWS DELACRODC EUGENE Menae julve a Tanger 1.115.000 1.000.000 1.000.000 _015.000) (51.801.748). 100% NARROWS WRIGHT Of DERBY. JO A Grotto in the Gulf of Salerno. Morning and A Groh 1.408,875 . 1.300.000 • 1,300,000 _008,875). (51910623) (4.382.751). 100%. NARROWS FRA BARTOLOMMEO (EISludies of HeadS• a dOuble4ded drawing 2.107.894 2.000.000 2,000.000 (102894), (52,018.517) 100%. NARROWS GEtOSZ. GEORGE euomo nuovo 1.431.161 1.325.000 1.325.000 _006.161) (52.124678). 100% NARROWS KLEE. PAUL Die Schlange 1,100888 1 1.000 000 1 1000,000 (100888) (52228.566). 100% NARROWS 8AROCCI. FEDERICO Recto: Studies of Angels and Children's Heads 503.107 400.000 400.000 (100107). (52.331.673) 100%, NARROWS KLEE. PAUL .Chinesisch II 1.300.500 1.200.000 1,200.000 (100.500). (52,432.173) 100% NARROWS 'MATISSE. HENRI ALA0Ponrait 270.625 175.000 175.000 (95,625) (52.527.798). 100%. NARROWS KLIMT. GUSTAV Reclining Woman with Bent Arms 345.419 250.000 250.000 (95.419) (52.623.217). 100% NARROWS :TURNER, RA., JOSEPHKdgarren Castle. Pembrokeshire 693.875 • 600.000 • 800,000 (93,875). (52717.092) 100%. NARROWS SERRA. RICHARD Transparency 03.2012 193.569 100.000 100.000 (93.569). (52.810.660) 100%. NARROWS DURER, ALBRECHT Adam and Eve (Bartsch 1: Mader state Ka of Ilki) 1.192.125 1.100.000 1.100.000 (92.125) (52.902,785). 100% NARROWS SERRA. RICHARD Transparency #2. 2012 191.529 : 100.000 , 100.000 (91.529) (52.994.314). 100% NARROWS PICASSO. PABLO Etude de personnages 1,291.000 1,200.000 1200.000 (91000), (53,085.314) 100%, NARROWS ENSOR. JAMES .Self Portrait 489.938 400.000 400.000 (89.938). (53.175,252) 100% NARROWS 'GERICAULT, THEODORUntitled (Leda and the Swan) 1.088.750 1,000.000 1,000000 (88.750) (53.264.002). 100%. NARROWS DORER. ALBRECHT Saint Anlhony Reading 420.802 336.500 336.500 (84.302) (53.348.304). 100% NARROWS REDON. ODILON .After Edgar A. Poe (klellerio 3743) 162.375 80.000 ' 80.000 (82,375). (53.430.679) 100%. NARROWS ,BOUCHER. FFtANcOIS Sheet of Studies of a Turbanned Head. a Foot, and 847.857 770,000 770.000 (77.857). (53.508.536) 100%. NARROWS INGRES. JEAN-AUGUST Mere el enfant (Esquisse de le Martyrs de Saint Syr 200.263 125.000 125.000 (75.263) (53.583.798). 100% NARROWS SEURAT. GEORGES Cavalier sur une route 1.575.214 , 1.500.000 •, 1.500,000 (75,214) (53.859.013). 100% NARROWS LONG. RICHARD Sun Line 325.125 250.000 250,000 (75.125). (53,734.138) 100%. NARROWS LONG. RICHARD Cornish Slate Cross 325.125 250.000 250.000 (75.125), (53.809.263) 100%. NARROWS DENIS. MAURICE .Jeunes filles cuedlant des flours devant la mer 572,400 500.000 500.000 (72.400) (53.881.663). 100% NARROWS FOSSE. CHARLES DE Li A mounted soidier. seen from behind 429029 360.000 360.000 (69,829) (53.951.492) 100% NARROWS KELLY. ELLSWORTH Brushstrokes Cut into Thirty-five Squares and Arran 293.962 ' 225.000 . 225.000 (68.962), (54.020.454). 103%. NARROWS PIRANESI. GIOVANNI An Architectural Fantasy with a Colossal Obelisk . 867.000 800.000 800.000 (67.003). (54.087.454) 100%. NARROWS DAUMIER, HONORE L'amateur d'estampes 315.498 . 250.000 . 250.000 (65.498) (54.152,951). 100% NARROWS BELLOWS, GEORGE WE Dempsey and Firpo (M. 181) 127.735 65.000 65.000 (82.735) (54215.688). 100% NARROWS KHNOPFF. FERNAND De ammalst6 121,781 ' 60.000 ' 60,000 (61.781), (54277.468) 100%. NARROWS KIRCHNER, ERNST LUDKopf Ludwig Schemes (0.H 330) 100,000 40.000 40.000 (60.000), (54,337.468) 100%. NARROWS NOLDE. EMIL Junges Paar (S.L52) 150.000 90.000 . 90.000 (80.000) (54.397,468). (2.486.845). 100% LDB LENNON. JOHN Autograph manuscript of John Lennon's lyrics for aii 1,309.222 1.250.000 1.250.000 (59,222) (54.456.690). 100% NARROWS NOLDE. EMIL Junges Pear (S.L52) 233.658 175.000 . 175,000 (58.658) (54.515,348) 100% Page 2 of 10 EFTA_R1_02125139 EFTA02711417 TRUSTS 2014 LDS LLC UNREALIZED LO TO HI JULY 2014 SOTHEBY'S Sotheby's Fair Value (% CUMULATIVE (PLEDGED) Appraised Ownership) or GROSS GIFT, NAME OF Total us Pai)cl (in Value (July Cost (if not on UNREALIZED UNREALIZED OWNERS DONEE Artist Item Description o 2014) Appraisal) GAIN (LOSS) GAIN (LOSS) INCREMENTAL HIP % INSTITUTION NARROWS MULTIPLE ARTISTS A Selection of Early German Prints 707.688 650.000 650,000 (57.688), (54.573.036) 100%. NARROWS DAVID, JACQUES-LOUEPortrait of a Revolutionary in Profile Facing Left 255.000 200.000 200,000 . (55.000), (54.628.036) 103%. NARROWS FRAGONARD, JEAN.HO Landscape with a Double Flight of Steps and Eight i 654.913 . 600.000 . 603.000 (54.913) (54.682.948). 100% NARROWS REMBRANDT VAN RUN The Three Trees (Bartsch 212: White/Boon. only ste 704.438 650.000 850000 (54,438) (54.737.386). 103% NARROWS VASARI. GIORGIO Christ Giving Sant Peter the Keys (Le Christ donna! 535000 (53.621), (54,791,007) 100%, NARROWS FRIEDRICH. CASPAR D.IDas grosse gehege 1.302.828 588.621 • 1,250000 1,250 635.'000 (52.828) (54.843.835) 100%. NARROWS REMBRANDT VAN RUN A Vagrant Couple with a Dog 672.792 620.000 620.000 (52.792) (54.896,627) 100% NARROWS BRUEGEL THE ELDER, I The Rabbit Hunt 677,344 625,000 625 00 (52.344) (54.948.971). 100% NARROWS INGRES, JEAN-AUGUST Virgil Reading the Aeneid to Augustus. Livia. and Ot 650.250 1.500.000 600:000 (50.250), (54.999.221) 40%.Met NARROWS BEAROSLEY, AUBREY 1.; The Achieving of the Sangreal 175,000 125.000 125,000 (50.000) (55.049.221) 100%, NARROWS COROT. JEAN43APTISTiRome. La Vasque de la Villa Medici 550,000 500.000 500000 (50,000) (55.099221). 100% NARROWS GIACOMETTI. DEGO Pair of Lamps Decorated with Owl and Cup 165,622 12750000000 120.000 (45.622) (55.144.843). 100% NARROWS BECKMANN, MAX Selbstbikkus ma Steifem Hut (H.180: GL.157; G.152 120,000 75,000 (45.000). (55,189.843) 100%. NARROWS DUTCH AND FLEMISH, 1Group of prints including examples by Lucas van Le 544.375 500.000 500.000 (44.375), (55234.218) 100%, NARROWS EARLY ITALIAN AND SP.Group of prints including The Campagnola 544,375 500.000 5C0.000 (40.375) (55.278593). 100% NARROWS REMBRANDT VAN RUN Landscape with Three Gabled Cottages Beside a R. 544.375 500.000 . 500.000 (44.375) (55.322.968). 100% NARROWS WATTEAU. JEAN-ANTOI Untitled (Cottage) (Landscape after Campagnola) 544.375 . 500.000 500,000 (44375). (55.367.343) 103%, NARROWS BURNE-JONES, EDWAHSit Galahad 243,563 200.000 200,000 (43.563). (55,410,905) 100%, NARROWS NOLDE, EMIL Segelboat (S.H.37) 58500 . 15000 . 15.000 (43.500) (55.454.405), 100% NARROWS KLEE, PAUL Charms (Weiblich Anmut) Invention no. 5 (K 12) (Fe 103431 60.000 . 60.000 (43431) (55.497.836). 100% NARROWS ENSOR, JAMES La Vengeance de Hop Frog (Hop Frog's Revenge 113.310 • 70.000 70000 (43.310). (55541,147) 100%, NARROWS CARRACCI. ANNIBALE .Return of the Prodigal Son 342.073 300.000 300000 (42.073). (55583.220) 100%, NARROWS GREUZE. JEAN.BAPTIS" Portrait of a Young Gentleman 458.152 415.000 415.000 (41.152) (55.624,372). 100% NARROWS DAVID. JACQUES-LOVE The Ghost of Seplimus Severn Appearing to Carer 520,200 480.000 (40.200) (55,664.572). 100% NARROWS BOURDELLE, EMILE AN'Penolopo . 60,000' 20.000 70000 482g:000 (40.000), (55,704572) 103%, NARROWS .KIRCHNER. ERNST LUDBiliardspieler (CI L290) 110,000 70000 (40000). (55244572) 100%. NARROWS GAJNSBOROUGH, THOk Wooded Landscape vnth Figures Outside a Cottage 189,438 150,000 150.000 (39.438) (55,784,009). 100% NARROWS SERRA. RICHARD Conrad 538,931 500.000 500.000 (38.931) (55.822.941). (1.425.473) 100% NARROWS SERRA, RICHARD Olson 538.931 • 500.000 • (38,931). (55,861.872) . 100%. NARROWS )(LEE. PAUL Invention 8 - Perseus (Dec Witz hat uber des Leid gr 88233 50.000 550 000 7 (38.733). (55.900.605) . 100%, NARROWS ALTDORFER. ALBRECH.A Landscape with Two Pine Trees it the Center (B. 588.621 (38.621) (55.939.226). 100% NARROWS GORKY. ARSHILE Nighttime. Enigma and Nostalgia 163.375 . 5 1520 5:000 •• 125000 (30375) (55.977501). 100% NARROWS BELLOWS, GEORGE WEA Stag at Sharkey's (M.46) 133,688 100,000 100,000 (33,6881 (56.011,289) 100%. NARROWS DERAIN. ANDRE Figures in a Landscape 433.000 400.000 400.000 (33,000). (56,044.289) 100% NARROWS DUBUFFET. JEAN Table au couven dresse 60.000 60000 (32.012) (56,076.301). 100%. NARROWS GIACOMETD. ALBERTO Larnpadaire a la tote de lemma 131.662 92.012 ' 100.000 103.000 (31.662) (56.107.963). 100% NARROWS MASTER L. CZ. Untitled 381.063 ' - 350.000 (31,063). (56.139.026) 100% NARROWS .BORNE-JONES, EDWAH The Wise and Foolish Virgins 805.600 775000 775,000 (30,603), (56.169.826) 100%, NARROWS MODIGLLANI, AMEDEO Caryatid. Frontal View. with Background. Hands Bel 380.188 350.000 350.000 (30.188) (513.199.813). 100% NARROWS DORER, ALBRECHT Coat of Anns with a Skull 368.542 338.500 (30042) (56.229.855), 100% NARROWS KIRCHNER, ERNST LUDArtistenkind-Marcella (Dube L. 136,1 of II) 80.000 50.000 (30.000), (56259,655) 100%, NARROWS MARIN, JOHN From Crotch Isle, Maine . 60.000 : W.:00 00500 g (30.000), (56.289.855) 100% NARROWS HUGO. VICTOR A Figure Passing in the Horizon. a Gothic Chapel in 154,319 125.000 30. 125.000 (29319) (56.319.174). 100%. NARROWS DONGEN. KEES VAN Femme a sit toilette 54.000 25.000 25.000 (29.000) (56.348,174). 100% NARROWS POUSSIN, NICOLAS .Pliedre with Cupid and Pegasus 728.515 • 700.000 700,000 (28,515). (56.376.689) 100%. NARROWS pecAs. EDGAR 0anseuse mettant son bas 277.500 250.000 (27.503). (56.404.189) 100%, NARROWS GIMHONGSOK Canino Construction 127,500 100.000 103.000 250 (27.500) (56.431.689). 100% NARROWS REDON, ODILON Caliban 325.125 : 300.000 *. 303.000 (25.125) (56.458.814). 100% NARROWS GERICAULT. THEODORRecto, Roux Hies eorientaux (The Heads of Two T 275.000 250.000 (25,000), (56,481.814) 100% Mel NARROWS MOREAU. GUSTAVE Le jeune homme et la mod (Hommage a Chasseriat 275.000 250.000 137501 250.®0 250.000 (25.000). (56.506.814) 100%. NARROWS TWACHTMAN, JOHN HE kites 5.5.000 30.000 (25000) (56.531.814). 100% NARROWS NOLDE. EMIL Calla and Sommerblumen 196.474 175000 (21,474) (56.553.288). 100% NARROWS PIAZZETTA. GIAMBATTStanding Male Nude (recto). Seated Male Nude (vet 261.300 240.000 ' 240,000 (21.303). (56.574.588) 103%. NARROWS BRESDIN. RODOLPHE ,A Battle Scene 100.131 80000 80.000 (20.131), (56.594.719) 100%, NARROWS BRESDIN. RODOLPHE A Lion Hunt 100.131 80.000 80000 (20.131) (56.614.851). 100% NARROWS SERRA, RICHARD Solid No. 3 218.971 200.000 : (18,971) (56.633.822). 103% NARROWS SERRA, RICHARD Solid No. 11 218.971 200.000 203°°0 200,000 (18.971). (56.652.793) 100%. NARROWS DIX. 01TO Mary 108.875 90.000 90.000 (18.875). (56.671.668) (848.728): 100%. NARROWS .SERRA. RICHARD Solid No. 13 218.189 200.000 200.000 _(18.1139) (56.689,857). 100% NARROWS ENSOR. JAMES Mon atelier 34.100 16.000 16,000 (18,100) (56,707.957). 100% NARROWS CHIRINO. MARTIN Cabenza 25.000 7.000 7,000 (18,000) (56.725.957) 103% Page 3 of 10 EFTA_R1_02125140 EFTA02711418 TRUSTS 2014 LDB LLC UNREALIZED LO 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 AnISt gem Description USD) 2014) Appraisal) GAIN (LOSS) GAIN (LOSS) INCREMENTAL HIP % INSTITUTION NARROWS JORDAENS. JACOB Study of a Man Seen from Behind 316.282 300.000 300,000 (16.282). (56.742.239) 100%. NARROWS .MUNCH, EDVARD Vampyre (S.34; W.41) 265.776 250.000 250,000 (15.776). (56.758.015) 100%. NARROWS KLEE. PAUL Dor Hold mit dem Flimel • Invenfion 2 (K.16) 115.584 100,000 100,000 (15.584) (56.773.599). t00% NARROWS GILLOT. CLAUDE Celebration en Itionneur du dieu Pan (Celebration it 215.390 . 200.000 200.000 (15,390) (56.788.989). 100% NARROWS ZHANG HUAN Handicraftsman (from the Memory Door series) 195.075 180.000 ' 180,000 _(15,075). (56.804.064) 100%. NARROWS ZHANG HUAN Broomcom Field (frorn the Memory Door series) 195.075 180.000 180.000 (15.075). (56.819.139) 100%. NARROWS ZHANG HUAN Stairs (from the Memory Door series) 195,075 . 180.000 . 180.000 J15.075) (56.834.214). 100%' NARROWS COROT, JEAN-BAPTIST( Vue de Volterra 85.000 70.000 70,000 (18000) (56,849214). 100% NARROWS BECKMANN. MAX Taubstumme 64.435 ' 70.000 70,000 (14,435). (56.863.649) 103%. NARROWS LONGHI. PIETRO Two Standing Women 174.200 160.000 160.000 A14,200). (56.877.849) 100%. NARROWS KIRCHNER, ERNST tub Tanzerin mit gehobenem Rock (Dube W 141) 103,797 . 90,000 90.000 (13.797) (56.891646). 100% NARROWS DORER. ALBRECHT The Four Horsemen (Bartsch 64: Mader 167b) 373.602 360.000 . 360.000 A13,842) (56.905.288). 100% NARROWS OE SAINT-AUDI& GABR The Triumph of Pompey/ (50% interest) 212,462 . 400.000 200.000 Al2.462). (56,917,750) 50%. NARROWS .OE SAINT.AUBIN. GABR Victory of Tarquin over the Sabres and Etruscans 27.156 15.000 15.000 (12.156), (56.929.907) 100%, NARROWS KLEE. PAUL Greiser Phoenix - Inv. 9 (Komfeld. 17) 131,493 . 120.000 . 120.000 _(11.493) (58.941.400). 100%' NARROWS INGRES, JEAN.AUGUST Gabriel Codas de Pressigny (Deftest 1 MO) 16.898 , 6,000 . 6.000 (10,898) (56.952.298). 100% NARROWS BECKMANN. MAX Kasbek (H. 281: G. 245) 28.145 12500 17.500 (10,645), (56.962.943) 100%, NARROWS ENSOR. JAMES La Belgique au XIXe siede -- Belgium in the XIXth C 124,117 114.000 114,000 (10,117). (56173880) 100% NARROWS MANET, EDOUARD Apres le bain $ (Leaving the Bath) (Seated Bather) 218000 . 200.000 . 200.000 (18000) (56.982060), 100% Met NARROWS SEUFtAT, GEORGES Arbres et bateaux 1.760.000 1.750.000 1.750.000 (10.000) (56.993.060). 100% NARROWS EDOUARD .Le Mannequin 58538 . 50.000 . 50,000 (9,538), (57,002,597) 100%. NARROWS 'ENSOR. JAMES .Le Combat des poutileux Desir et Rissole - the Fight 124,117 115.000 118000 (9.117) (57.011.714) 100%. NARROWS ENSOR. JAMES Les Bans dOstende - The Baths at Ostend (Ti 15) 124.117 . 115.000 . 115.000 (8117) (57.020,831). 100%' NARROWS BRESOIN, RODOLPHE Le Bon Samaman (Neuman 49; Van Gelder 100) 88.568 80.000 . 80.000 (8.568) (57.029.400). 100% NARROWS MILLET. JEAN-FFtAKOISleoping Nude 283875 • 275.000 275.000 (8,075), (57.037.475) 100%. NARROWS .VON MENZEL. ADOLPH Christmas Eve 108,000 100.000 100,000 (8,000). (57.048475) 100%. NARROWS MUNCH, EDVARD Etfursurbt (grosse Fassung) (S. 58; W.69) 47,500 . 40.000 40.000 (7.500) (57.052,975). (381.306) 100%' NARROWS BALDUNG. HANS Group of Seven Horses (Bartsch 56: Holstein 238: 186.821 180.000 180.000 (6.821) (57.059.796). 100% NARROWS .ROSSETTI, DANTE GAB Stu for the Head of the Farmer in 'Found' 31.427 • 25.000 ' 25,000 (6,427). (57,066,223) 100%. NARROWS RANSON, PAUL ELIE Rhine femme a S8104010 18.000 12,500 12,500 (5.500), (57,071.723) 100%. NARROWS BARYE. ANTOINE-LOURCheval Turc 30.000 25.000 . 25.000 (5.000) (57.078723). 100% NARROWS BONNARD. PIERRE Nu a la baignoire 50 000 50.000 (5.000) (57.081,723). 100% NARROWS BRESOIN. RODOLPHE Paysan au pied d'un arbre 64.950 60.000 60.000 (4,950). (57,086,673) 100%. NARROWS GORKY, ARSHLE Study for 'Blue Figure in Chair' (Study after Picasso) 64.950 60.000 60.000 (4.950). (57891,623) 100% NARROWS GORKY, ARSHLE Study for 'Blue Figure in Chair (Study after Picasso; 64.950 . 60.000 . 60,000 (4.950) (57.096,573). 100%. NARROWS FRAGONARD, JEAN-HO The Reading (La Lecture) 654.913 650,000 650.000 (4.913) (57,101.485). 100% NARROWS ERNST. AFTER MAX The Ocean (SA. A3) 5.400 . 500 ' 500 (4800). (57,106,385) 100%. NARROWS BAKST. LEON 'Costume Design For A Young Hindu Prince In Le Di 33.983 30.000 30,000 (3.983), (57,110,368) 100%. NARROWS BAKST. LEON Costume Design For The Priest Soma From Le Diet 33.983 30.000 30.000 (3.983) (57.114,351). 100% NARROWS KURTEN, STEFAN Northern Sky (Everybody's Happy Nowadays) 15.938 .. 12.000 .. 12,000 (3.938) (57.118,288). 100% NARROWS CAVALLON, GIORGIO Unetied 7,794 4.000 4,000 (3,794). (57,122.082) 100%. NARROWS CAVALLON. GIORGIO Untitled 7.794 4.000 4.000 (3,794). (57.125.876) 100% NARROWS CAVALLON, GIORGIO Untitled 7.794 . 4.000 . 4,000 (3.794) (57.129,670). 100%. NARROWS BERNINI. GIAN LORENZ Portrait of Otlaviano Castelli 253.679 250.000 250.000 (3879) (57.133.349). 100% NARROWS ROMANO. GUILO (GUIL( Satyr Crowned with Vine Leaves 252.514 ' 250.000 ' 250.000 (2514). (57.135.863) 100%. NARROWS AVERY. MILTON Seven Palms 7.000 5.000 5.000 (2.000). (57.137.863) 103%. NARROWS AVERY. MILTON Bads and Sea (L. 60) 4,330 2.500 2.500 (1.830) (57.139.693). 100% NARROWS MARSH. REGINALD Does Your Nose Clog Up AI 4.000 (1,000), (57.140.693). 100% NARROWS REDON, ODILON Poemes 2.722 2.000 2.000 (722). (57,141,414) . 100%. NARROWS DEFtAIN. ANDRE Profit de femme (Profile of a Woman) 5.500 5.000 5.000 (500). (57.141.914) 103%. NARROWS CHIRINO. MARTIN Esparal 7.307 . 7,000 . 7.000 (307) (57.142221). (89.247). 100%' NARROWS AVERY. MILTON Mottled Hills 29.227' • 29,227 100% NARROWS , BECKMANN, MAX Fastnacht (H. 231; GI. 205; G. 201) 5030 ' 5.000 ' 5,000 - 103%. NARROWS BRANDT. WARREN Treasure Chest 16.667 16.667 100%. NARROWS BRANDT, WARREN Pink Roses 10.667 . 10.667 100% NARROWS BRANDT, WARREN Western Union 2.667 . 2.687 100% NARROWS BRAOUE. GEORGES Homage to J.S. Becht (48% interest) 13.005.000 13,005,000 48%MoMA NARROWS CAMBODIA (OR KOFtAT.Standing Figure of Shiva 7.000.000 7.000.000 100%. NARROWS CORNELL. JOSEPH Hotel de rEtoile (Stays 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_02125141 EFTA02711419 TRUSTS 2014 LOB LLC UNREALIZED LO 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 Item Description USD) 2014) Appraisal) GAIN (LOSS) GAIN (LOSS) INCREMENTAL 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 JOHNS, JASPER 734.906 734.906 100% NARROWS JOHNS, JASPER .Untitled 734,906 734,906 100% 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 .Big Blue Eclipse 3.458 3,458 100% NARROWS 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 .SZTYBEL. PAMELA Untitled 10.331 10.331 100% NARROWS 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_02125142 EFTA02711420 TRUSTS 2014 LDB LLC UNREALIZED LO 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 Item Description USO) 2014) Appraisal) GAIN (LOSS) GAIN (LOSS) INCREMENTAL 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 :MARSH, REGINALD Woman Walking 5.000 6.000 6.000 1,000 5.743 100% NARROWS 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 •BECKMANN, MAX Schiangendame (H. 200; GI. 176 G. 172) 5,000 ' 8.000 8,000 , 3.000 21,081 100% NARROWS ,DERAIN. ANDRE Femme nue 2.000 5.000 5.000 3.000 24.081 100% NARROWS 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. FRANCESCUntitled (Jamaican Watercolor) 43.400 50.000 ' 50,000 6.600 136.598 100% NARROWS :RORER. ALBRECHT ,Knight. Death and the Devil (Bartsch 98: Mader 74b: 592.727 600.000 600,000 7,273 143,869 100% NARROWS 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-XAVIERLa 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_02125143 EFTA02711421 TRUSTS 2014 LOB LLC UNREALIZED LO 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 Mist Item Description USD) 2014) Appraisal) GAIN (LOSS) GAIN (LOSS) INCREMENTAL 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 ,Sujer Allegoroue (David et Goliath) 476.300 500.000 500.000 23.700 565.277 100% NARROWS 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 ,BOTERO. FERNANDO ,El guitarrista 10,000 35.000 ' 35,000 . 25000 640.152 100% NARROWS 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 .GIACOMETTI. DIEGO Lampe en forme bougeor 35.000 ' 35.000 35.000 755.626 100% NARROWS 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 .Drapery Study with the Christ Chid Standing on the. 1.175.850 1,250.000' 1.250,000 . 74.150 1.992.856 100% NARROWS 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 .Apocalypse Passion. Life of the Virgin (Mader 127. 1,400.000 1.500.000 1,500,000 . 100.000 2.450514 100% NARROWS 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_02125144 EFTA02711422 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 Item Description USD) 2014) AppraIsal) GAIN (LOSS) GAIN (LOSS) INCREMENTAL HIP % INSTITUTION NARROWS PRUDHON. PIERRE-PAIStudy for an Allegory of the Rhine River 462.769 600.000 600,000 137,231 3.889.293 100%. NARROWS SCHAUFELEIN THE ELDA Landsknecht Turned to the Left Carrying a Halber 354.290 500.000 500,000 145.710 4.035.003 100% NARROWS AVERY, MILTON Man. Rocks and Sea . 500 150.000 150,000 150,000 4,185,003 100% NARROWS GIACOMETTI, ALBERTO Autoponrad 100.000 250.000 150,000 4.335,003 100% NARROWS KLIMT, GUSTAV Femme nue 25.000 • 175.000 175..00 250 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 18865388 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 225.000 400,000 175000 : 5.142.793 103%. NARROWS GIACOMETTI, DIEGO ,TaNe bane aux caryatides 44 0 5,001 175000 178 5:280 000 , 5.317.793 100%, NARROWS .GERICAULT, THEODOR Black Stallion in a Stable 324.750 500,000 500000 5.493.043 . 100% NARROWS BLAKE. WILLIAM God Blessing the Seventh Day 2.316.008 2.500.000 2.500.000 183.992 5.677.034 100% 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 6275,384 100% NARROWS GIACOMETTI, DIEGO Console table with shelf, model with frogs 200,000 6.475.384 100% NARROWS GIACOMETTI. DIEGO Console table with shed. model with frogs • - 200°°0 200,000 2- 00.000 . 6.675.384 103%, NARROWS NOLDE, EMIL Mohn and Ritterspoon 50000 250.000 250.000 200,000 075 15 8 8 384 . 100%, NARROWS TOURNAI Falcorvy Tapestry 300.000 500.000 200,000 100% NARROWS GORMLEY. ANTONY Landing 98.532 300.000 5°°.000 300.000 2- 01.469 7276.853 100% 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 2.7 777 3.000.000 3,000.000 214,223 . 7.701.896 100%, NARROWS REDON. ODILON Satyre 18085:000 400.000 400.000 220.000 7.921,896 . 100% NARROWS GORMLEY, ANTONY Together and Apart 79.368 300.000 i 220.632 8.142.528 100% NARROWS DE TOULOUSE4AUTRELa coiffure 1.020.420 1.250.000 1,250 3°°..000 2- 29,580 . 8,372.108 103%. NARROWS GRAF, URS The Bearer of the Banner of the Canton Glanin (5E 515.969 1.500.000 750,000 234,031 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 9..09 8 841.139 . 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; 489.927 750.000 260.073 , 9.611.212 100%. NARROWS PICASSO. PABLO Tate de taureau 627.029 900.000 900.000 272.971 9.884.183 100% NARROWS RODIN. AUGUSTE The Age of Bronze 25.000 300 000 300.000 880 275.000 10.159.183 100% NARROWS DAVIS, STUART Mist in Search of a Model 74.151 350.000 275849 , 10,435,032 ' 100%, NARROWS GRIS. JUAN Nature motto au cafebere 123.891 400.000 400.000 276,109 _10.711.111 10.711.141 8,376,138 : 100%. NARROWS .THIEBAUD. WAYNE Pink Swirl 119075 400000 400000 280.925 , 10.992.066 100% NARROWS MOREAU. GUSTAVE Galatea 215.930 500.000 500.000 284.070 11276.136 100% NARROWS RUBENS, SIR PETER PNicodemus 963.010 1.250.000 • 1,250,000 286,990 11,563.126 100%. NARROWS REDON. ODILON ,Satan dominant le monde 161.151 450.000 268.849 11.851.975 100% NARROWS SEUFtAT, GEORGES Rayons 702.049 , 1.000000 1.000 450:001 297.951 12.149.926 100% NARROWS GIACOMETTI. ALBERTO Pair of torcheres 0°°: 300,000 300.000 12,449,926 100% NARROWS GIACOMETTI. DIEGO Chienneypiece 400.000 7 3° 00 '.000 700,000 300,000 12,749,926 100%, NARROWS TIEPOLO. GIOVANNI BA:Chnst Calling the Fishermen 185.000 500.000 500.000 315.000 13.064.926 100% NARROWS 'PICASSO. PABLO Taureau et cheval 470.271 800.000 800000 329.729 13,394.655 100%. NARROWS REDON, ODILON La trite noyee 453.000 800.000 800.000 347.000 13.741.655 100% NARROWS KELLY. ELLSWORTH Untitled 3.650.750 4.000.000 • 4,000,000 349,250 14,090.905 100%. NARROWS :TANSEY, MARK Homage to Susan Sontag 50.000 400 000 350.000 , 14.440.905 100%, NARROWS RORER, ALBRECHT Saint Eustace 1,143,188 1300.000 1,500,000 400,000 356,813 14.797.717 100% NARROWS GELLEE, CLAUDE CALL An Extensive Landscape 893.0621 1.250.000' 1,250,000 356,938 15.154,655 : 100% NARROWS KLEE, PAUL Hexen-scene 38 37 5:000 575 700.000 364,425 , 15,519.080 100% NARROWS FRIEDRICH. CASPAR DiView of the Island of Rugen with a Shepard and his 1.500.000 71"®0 750.000 3- 75.000 15.894.080 50% Mel NARROWS INGRES, JEAN-AUGUSTRaphael and The Fomanna 1.623'50 2,000.000 2,000.000 376250 16270.330 100% NARROWS WATTEAU. JEAN-ANTO1Profile of a Man with a Study of a Hand 413,875 800 000 800.000 386.125 16.656.455 100% NARROWS PICASSO. PABLO Le singe et le masque 360.159 750.000 750,000 389,841 . 17046.298 103%. NARROWS PICASSO. PABLO Etude pour Isacteur and deux ixofils de Fernando , 1.104.150 1,500 000 1,500.000 395,850 17,442.146 100%, NARROWS RICKEY. GEORGE Triple L Excentric Gyratory Gyratory 400,000 4110.000 400.000 17.842.146 100% NARROWS GRIS, JUAN Nature mono 391.000 800.000 , 409.000 18251,146 100% NARROWS DE GOYA, FRANCISCO ,Los Caprichos 579.880 1.000.000 1,000 8C13:00 °°0 4- 20120 18,671.266 100%, NARROWS CEZANNE. PAUL Groups earbres 1312.500 1.750.000 1,750,000 437,500 19.108.766 100%. NARROWS DE GOYA. FRANCISCO Los desastres de la guerre 450.000 . 450,000 450.000 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_02125145 EFTA02711423 TRUSTS 2014 LOB LLC UNREALIZED LO TO HI JULY 2010 SOTHEBY'S Sothebys 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 gem Description USD) 2014) Appraisal) GAIN (LOSS) GAIN (LOSS) INCREMENTAL HIP % INSTITUTION NARROWS .AVERY, MILTON Early Spring 125.000 600.000 600.000 475.000 . 20951.516 100%. NARROWS 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 .Apres ['audience 1210.000 1,750.000 1,750,000 540.000 23.497.034 103%. NARROWS 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 .Jeune file A la mantle (Etude pour L'espagnole an 416.763 1.000.000 1,000000 583.238 25.747.844 100%. NARROWS 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 .Glass-top Table and Eight Side Chairs 900.000 1,500.000 1,500,000 600.000 27.527,844 • 100%. NARROWS 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 .PICASSO. PABLO Portrait of Elie Faure 800.000 1.500.000 1.500,000 700.000 . 30.195,665 103%. NARROWS 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 .0iseau 1.100,000 1.850.000 1.850,000 , 750.000 . 33,103.432 . 100%. NARROWS 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 650,000 1.500.000 1.500.000 850.000 37,155.685 100%. NARROWS 'LEGER, FERNAND 'Contrast. 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 .DAUMIER. HONORE .La parade 1.312.531 2.750.000 2,750.000 1,437.469 55.392.699 100% NARROWS 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 .Study for 'Nude Wifil Drapery 744,219 2.250 000 2,250,000 , 1,505.781 . 61.351.262 100%. NARROWS 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. CiHead 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_02125146 EFTA02711424 TRUSTS 2014 LDB LLC UNREALIZED LO 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 Item Description USO) 2014) ANflisal) GAIN (LOSS) GAIN (LOSS) 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 ,Le repos 4,086.438 ' 7000000 • 7.000,000 2,913.563 105.200.191 100% 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 ,Jeannette 1,800,000 6.500.000 6,500.000 4,700000 ' 171,169.357 100%. 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 ,Corde et Personages II 7,036250 20.000.000 * 20,000,000 12,963,750 , 333.516,078 100%, 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 16.000.000 . 35.000.000 • 35,000,000 19,000.000 457,633.294 100%, NARROWS MONET, CLAUDE Nympheas 24.356250 45.000.000 45,000.000 20.643.750 478277.014 103% 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_02125147 EFTA02711425