Consortium Renoir (composed of Durand-Ruel, Bernheim-Jeune, Georges Bernheim, Hessel, Rosenberg & Vollard, acquired from the family of the artist in 1921)
Galerie Flechtheim, Düsseldorf (acquired from the above in February 1922)
Galerie Motte, Geneva (acquired in the 1960s)
A gift from the above to the present owner

Paris, Galerie Durand-Ruel, Aquarelles, Pastels et Dessins de Renoir, 1921, no. 25

Executed on cream wove paper, not laid down. The sheet is hinged to the mount in two places along the verso of the upper edge. The upper edge of the sheet is deckled and the left, right and lower edges are slightly unevenly cut. The sheet is slightly time-stained and there are remnants of paper from a previous mounting to the verso of all four edges. There are some faint marks to the lower right corner that appear to be associated with the previous mounting. There is a small loss to the right part of the extreme lower edge, not visible when framed. There is a pinhole to the yellow pigment of the path. This work is in overall good condition.
"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."

This lot is sold pursuant to a settlement agreement between the current owner and the heirs of Alfred Flechtheim.