While waiting for the cocktail and Lady Woodcote's luncheon party, Philip, from where he sat, could not help but overhear the conversation of Faust and of the man with him.

The latter was a German with Hebraic features and a pointed beard.

In loud tones he was congratulating the American many-time millionaire on having that morning come into possession of a rare and valuable masterpiece, a hitherto unknown and but recently discovered portrait of Philip IV by Velasquez.
Philip sighed enviously.
"Fancy," he thought, "owning a Velasquez! Fancy having it all to yourself! It must be fun to be rich.

It certainly is hell to be poor!" The German, who was evidently a picture-dealer, was exclaiming in tones of rapture, and nodding his head with an air of awe and solemnity.
"I am telling you the truth, Mr.Faust," he said.

"In no gallery in Europe, no, not even in the Prado, is there such another Velasquez.