款識：
橫斜春色上枝頭。
卓然先生大雅鑒。鄭午昌寫於海上，時戊子五月二十日，中華民國第一任大總統就職時也。

鈐印：「鄭昶」、「午昌所作」、「鄭齋」、「墨夗央廔」。

藏印：「枕石堂珍藏印」。

香港蘇富比，二○○五年十月，中國書畫拍賣，編號1043

-Foxing and creases at the bottom and in the middle of the painting can be found, which can be improved by restoration. Otherwise, generally in 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."

上款：「卓然」即陳卓然，民國時期政界名人孔祥熙的管家，「枕石堂」乃其室號。

註：本幅題謂「第一任大總統就職時」，即指蔣中正氏。他在一九四八年四月十九日當選行憲後首任總統，並在五月二十日就職。