This work is in very good condition overall. There is light evidence of handling to the edges. The sheet has discolored slightly with age. There is a slight undulation to the sheet, inherent to the artist’s working method and chosen medium. There is a very minor pinpoint hole in the lower right corner. In the red figure in the lower left section there is stable cracking. There is a small loss in the yellow section at the top of the circus stand. The colors are bright, fresh and clean. The sheet is hinged verso to the mat intermittently along the edges. 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.