This work is in very good condition overall. The cardstock is hinged verso to the mat in the top two corners. The edges of the cardstock are uneven. There is evidence of discoloration to the cardstock, most noticeable along the edges and inherent with age. There are also small spots of discoloration at the center top edge. The ink is faded and slightly discolored in certain areas along the left side, including the signature and inscription. There is evidence of paper skinning along the top and bottom edge, likely inherent and from the time of execution. Framed under Plexiglas. 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.