Pablo Picasso

Alexander Iolas Gallery, New York
Private Collecton, Italy (Sold: Christie's, London, February 10, 2005, lot 678)
Acquired at the above sale by the present owner 

In fairly good general condition. The crayon has faded somewhat, especially in upper left and in the bottom 6 inches of the sheet. The sheet has time darkened overall, and is backed with a japan sheet. The work is hinged to the mat at upper corners. A one inch diameter stain visible beneath the "R" of "Pour" at lower edge. Another smaller stain just to the right, at the lower center edge. Scattered foxing, and some fibers in the sheet which has darkened somewhat and are more prominent. Several small flattened creases near the upper right corner. Few small scuffs to the surface. The work appears to have had some conservation and the pigment seems muted overall as a result. There is long, thin depression to the sheet about 1/2 inch below the top edge, which extends almost all the way across the sheet.
In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective qualified opinion.
NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING CONDITION OF A LOT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS OF SALE PRINTED IN THE CATALOGUE.