With Thomas MacLean, London, before 1901, from whom aquired by John Reid Walker (1855-1934);
Thence by descent until sold, as part of the Walker Collection, London, Christie's, 22nd November 2006, lot 100 (bt.🐷 by the present owner)

STRUCTURE The panel is in very good condition and is providing a flat, stable support for the painting. PAINT SURFACE The painting appears to be in very good condition, with no apparent extant damage or loss of paint. There is some extremely minor visible infilling to craquelure in the sky, predominantly in the left hand side, due to discolouration. This would disappear with conservation. ULTRAVIOLET Examination under ultraviolet light reveals an old, opaque varnish overall, but no further signs of retouching. FRAME Held in a fine moulded and gilded 19th century frame. To speak to a specialist about this lot please contact Julian Gascoigne at julian.gascoigne@laitexier.com, or on +44 (0)207 293 5482.
"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."

Foaled in 1829 by Muley, out of Principessa's dame by Election, Margrave's first major triumph was at Doncaster, where he won the St. Leger in 1832 for John Gully, the famous prize fighter, ridden by James Robinson. Painted one year later, in 1833, the present painting celebrates this victory. Margrave later won the Criterion and Grand Duke Michael Stakes at Newmarket, before being bought by John Scott,ಌ for whom he won the St. Leger a second time; one of sixteen St. Leger winners to come out of Scott's yard at Malta.

John Reid Walker, to whom this picture belonged, was the son of Sir Andrew Barclay Walker, 1st Bt. (1824-1893), founder of the Walker Art Gallery in Liverpool. A talented polo player and successful racehorse breeder, Wꦓalker was also a prolific art collector who owned possibly as many as forty paintings by Herring, as well as works by Turner,🔯 Gainsborough and Guardi.