CERTIFICATES OF AUTHENTICITY
Certificate of authenticity granted by SPADEM (Société pour la Propriété Artistique des Dessins Et Modèles), on the 20th of January 2001 and signed by "Le Comité Picasso", Institution of Official Picasso Certification prior to Picasso Administration, S.A.
Picasso Administration, S.A. has been asked for an official pronouncement about the legitimacy of this document; because of their exclusive financial interest, they have obviously not pronounced themselves.
