Watercolor and pencil on paper. The surface is a bit dirty. The outside edges have been stablized and a tear in the upper left corner has been repaired. The lines from the matt can be seen around the edges of the painting and there is a very minor stain in the upper right corner. In otherwise fine condition. Held under glass and in a gold painted gilded wood frame. Unexamined out of frame. 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.