Original canvas. There is a small hole just below the bowsprit at the centre of the right edge, as well as a small dent with associated paint loss to the right of the boat in the background in the upper right. The craquelure to the hull of the main boat and the figures is lifting in places and requires consolidation. There are several associated areas of paint loss to the red and black areas of impasto. There are areas of craquelure elsewhere, including to the sky just above the horizon line to the right of the yellow sail, and to the water in the lower right quadrant There are frame abrasions with associated cracks and paint loss along all four edges. The surface is dirty. Inspection under UV light reveals no obvious signs of retouching. Held in a gold-painted wooden frame. Unexamined out of frame. "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."