Jill Newhouse, New York

Mounted along top edge. Float mount such that edges are visible. Handcut edges, slightly uneven. Rippling and minor creases throughout the sheet, including upper right. Small vertical tear along lower edge near left corner. Repaired weaknesses in the paper at the center near the lower edge. Additional diagonal line of repaired weakness extending from the lower edge of the sheet upwards towards the boat in the lower right quadrant. Surface dirt and dust. In overall good condition and ready to hang.
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.

This watercolor is most probably one of the numerous drawings of sailboats Delacroix executed in Dieppe, in Upper Normandy, where he stayed in 1854.  Drawn from his hotel window or directly in the harbor, the group of studies attests to Delacroix's fascination with the sea.