Sale: Loudmer Scp., Paris, December 9, 1996, lot 44
Sale: Christie's, New York, May 15, 1997, lot 287
Acquired at the above sale

Work is in very good condition. Executed on cream wove paper. Hinged to a mount at upper corners. Residue of tape from prior mounting at verso at bottom corners and center of top and bottom edges. Also some pencil drawing on verso. Otherwise fine.
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.