Executed on cream wove paper which has been laid down on cardboard. There are two pin points to the top two corners. There are two small areas of loss, each approximately 1/4 in. in diameter to the black pigment of the oval shape, located at the center of the lower arch below the figures. These are visible in the catalogue illustration. Two further very minor losses to the pigment - one to the red pigment immediately above the front legs of the horse and another to the orange pigment of the top leg. Each are no more than 1/8 in. across. There is minor surface dirt.
The colors are bright and fresh and the work is in otherwise very good original condition. 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.