ANDY WARHOL | Ladies and Gentlemen

Estate of Andy Warhol
The Andy Warhol Foundation for the Visual Arts, Inc., New York
Stellan Holm Gallery, New York (acquired from the above)
Acquired from the above by the present owner in 2002

This work is in very good condition overall. There is evidence of handling and wear to the edges including hairline craquelure at the pull margins with resultant losses on the overlap. The colors are bright and fresh. Under Ultraviolet light, there is no evidence of restoration. Framed.
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 work is stamped by the Estate of Andy Warhol and The Andy Warhol Foundation for the Visual Arts, Inc., and numbered VF PA35.071 on the overlap. This work is also numbered PA35.071 on the stretcher.