LETTER TO <SANITIZED>

• Document Type: FOIA
• Collection: FOIA Collection
• Document Number (FOIA) /ESDN (CREST): 06627170
• Release Decision: RIPPUB
• Original Classification: U
• Document Page Count: 2
• Document Creation Date: March 9, 2023
• Document Release Date: June 4, 2020
• Case Number: F-2015-02321
• Publication Date: June 8, 1987

Approved for Release: 2019/09/16 C06627170
eendiaCIssing.; _ Lntermittentbtisi2-:.:,,
disposition"of
Sea works '''fOiTI.,I.ily..tolle6tIori, thatThave' been. on'ioan -
-
�,.� . , - � z
6:::theAgeudy,�_ rdv-era.,.,..6.6tas.ionsibUr-diacusSionS.havebeen-interruptedr.
)cir.6iMSfati'des.:tatauld.net--:COat'r0/....,:Now'that My-phY.Sical:condition-
haiMprVedl:waUld like..-tOreOpen-our-Aialeg with a view to completing.
Y -
.a,pUrchaseagreetent,before:the-end of the current government fiscal
.Year,-,that:is,:befare the.:end-of September 1987. - -
Theappraisal report prepared for the Agency by Ms. Minnie B. Odoroff
in October 1986 placed a valuation on'each-of the 17 works currently on loan.
:As you.know;.I-foiEld MS, Odor f' ';dea.-; of what constitutes "fair market
value" ta:her-quite cOnservative,. and my sense of what has been taking' place
in the New York art-arkettells'thethat a number of the works, sold
individually,- would-demand much higher prices. I do not propose, however,
qUibbleabout.individual-valuatiOns, because.thesum of those prices
:.($257,500).claselyapproximates the-amountl.had in mind as a- "package price"
for the collection �:Lam prepared,.therefore,toofferyon all 17 paintings
-for:a-totailat.$250,Q00:::: 2 --
. � �
Although I do not want to argue about individual valuations, neither
do I.wish-to.haVe thedocumentation.for-this:transaction become a form of-
�ralidationof ,those'.valuations., I.would ask; therefore, that the bill of
sale .reflect Only ...the overall "package price" agreed upon. I would also hope
that we' can 'agree that items' from the collection may on occasion be made avail-
ahleon:.loari:toeputableMuseums and galleries,' should. a-request be made
as partaf?aaeffottta:MOUrit-an'exhibition of the work of one of the artists
_
representeiri.-the collection. .
Finaily,.1 Would like.to request that the purchased paintings, together
.with any Other.warks from my collection that may come to you in the future,
Rniire I:- Box' 188C, RothnO, 1Vcst. Vrgni 26757..
Faye Nixon, A1gr. (3(.1) 822--,132 . inct.'11( Alz.4/3C, (304)
-.--,---- --�_ �-^-^ � -1.�-1-� -1.
Approved for Release: 2019/09/16 C06627170
Approved for Release: 2019/09/16 C06627170
kept :together , and 'identified as haying. come :trom ,my holdings.: It will
source of continuing.: satisfaction to n.ie to haire" these ,works T of art dis:-
la'yed on Headquarters wlie,..-:they Can be enjoyed
of 2.g..nc.y.:.,F,nlyI.oy,ees.s..'
.1 okfowrd o hearing.
from you :soon aboUt�the'-COmmissiOii S rectidn
to, thesse.j.p.ibtiiiaals'..:
Root(�I - 188(, R(bnincv, 1Vcst X'nginiA 2675.7
F.1 1:c NIN(m�\ lgr. (304) s22-4382 Vi!lron Alci/A(,O uri.301) 82 2- .c5()
Approved for Release: 2019/09/16 C06627170