signed Jipingtangshang laoren Qi Huang, with one seal of the artist, lao bai, and one collector's seal, xiang xue zhuang cang yin

Previously in the collection of famous Singaporean collection Chen Zhichu (1911-1983)

Modern Chinese Paintings & Calligraphy from Important Private Collection Overseas, vol I,  New 🅠York, Hall of Treasure, Feb 2012, pl. 4

-Overall in good condition except some light tanning tone along the folding marks, which can be seen in the illustration
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.