ERTÉ, (Romain de Tirtoff), Cheveaux de Bois, 1933, gouache on paper, signed l/r, stamped on the reverse 'ERTE ROMAIN DE TIRTOFF, Composition Originale' and inscribed 'N 3.371 Chevaux de Bois, Presentation du French Cancan'--14¼ x 10¾ in. (36 x 27 cm.)