Examined in the frame. Lined. The surface presents well, aside from isolated faint craquelure with some associated lifting at upper center; and minor surface dirt with a few pin point accretions at center. Under UV: varnish fluoresces green unevenly. Dashes of retouching and inpainting to address prior craquelure are scattered in the sky and are also visible in the water and around the horses, with a vertical line of retouches at center left. There is inpainting scattered near the lower edges. 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.