The condition of lots can vary widely and the nature of the lots sold means that they are unlikely to be in a perfect condition. Lots are sold in the condition they are in at the time of sale.

The paperboard is slightly bowed. Remnants of tape on the reverse from a prior presentation. Minor fold in the top layer of the extreme lower right corner. Minor mat burn along the extreme edges. The paper is slightly toned. Scattered light spots of foxing and surface dirt. A few specks of paint loss on the horse. No apparent tears, repairs or paper losses. Part of the title is written in the margins and is slightly cut off.