Very good condition. The sheet shows no sign of tears or planar distortions and is free of stains or discoloration. There is one small loss to the top-left edge and three more small losses along the bottom including the bottom-left corner, none larger than 1/8". These disturbances likely occurred during the creation of the painting, or shortly thereafter before the work was mounted. Two small square reinforcement patches have been applied to the reverse at the bottom-center edge to stabilize thinned areas of paper. Although mild craquelure is evident in areas of white gouache, the medium appears to be stable and fresh. 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.