Max Liebermann (German, 1847-1935), Sketch with Horses

Charcoal on paper, signed at lower right, presented under glass within a silk mat and gilt frame, with brass gallery plaque.

Sight size 4 3/4 x 7 3/4 in.; Frame dimensions 10 1/4 x 13 1/8 in.

Light toning to sheet; not examined out of the frame.