The panel is uncradled and very slightly bowed, and there are thin strips of canvas applied to the edges of the integral frame. The paint surface is dirty and the thick varnish discoloured. There are several small paint losses, notably in the Madonna's robe, in the hem of Saint Stephen's cloak, in Saint John's right shoulder, and in the wings of the uppermost seraphims. There are visible old retouchings to an area of damage in the Madonna's robe, to a small vertical loss in her shoulder, throughout Saint Stephen's green robe, in the gold ground beneath the Madonna's feet and above her head, and in the brown habit of the saint, lower right. Inspection under ultraviolet light reveals more recent, spot retouchings in the figures of the Madonna and Saint Stephen, but the older, aforementioned retouchings are hidden beneath the opaque varnish. In overall fair 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. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue. NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."