This work is in very good condition. The board is reinforced with a wooden framework. The board has a vertical crack along the left side, about 4 inches from the left edge. This crack is very slightly visible on the surface, but it is stable. The surface of the board is very slightly uneven, but this is barely noticeable. Under ultraviolet light, there are a couple of small retouches in the head of the horse in the center of the left side, but there do not appear to be any other retouches at all. The work should be hung as is. (This condition report has been provided courtesy of Simon Parkes Art Conservation, Inc.) 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.