Pen and black ink drawing on tracing paper, portrait of a woman, signed* lower right (Pablo Picasso, 1881-1973). Circa 1925. 9 1/2 x 8 1/2 inches. Good condition, having no apparent damage or repairs. Unframed for inspection and post-auction shipping.

Provenance: Formerly part of a private west coast collection of impressionist and modern drawings, now the property of a Texas collector.

THIS LOT IS BEING OFFERED WITH NO RESERVE

*Preston Hall Gallery has not had this lot examined by an expert to determine its authenticity. The lot description and the lot title are for identification purposes only and do not constitute an attribution. Preston Hall Gallery is not an authority on works by this artist. The style, subject matter, and signature seem correct in our opinion although our assessment may not be accurate. Some works sold by Preston Hall Gallery have subsequently been authenticated and resold by major auction houses worldwide; however, we cannot guarantee the same outcome for the present lot. There are risks associated with buying unauthenticated works of art. The value and marketability of this work could be positively or negatively affected by an expert's examination and opinion. Such opinions can vary, and some opinions may not be favorable. For additional information regarding works of art, please see "Authentication and Provenance of Fine Art," following Section 27 in our Terms & Conditions of Sale (as found on Live Auctioneers) before placing your bid. No additional information regarding this lot's provenance is available nor will any be provided after the sale. Unless stated otherwise in the lot description, the provenance for this lot may not have been verified and could contain factual inaccuracies or omissions that could impact the value of the artwork. This lot is not guaranteed nor is its provenance. It may not be returned. [Copyright 2018 Preston Hall Gallery].