Etude is an original black and white etching on ivory-colored paper, realized by Fred Watts. On the bottom margin printed inscriptions: on the bottom left, Fred Watts pinx, on the bottom center, Etude - (collection Ionides), on the bottom right margin, E. Pennequin sc. At the top center the printed inscription, L'Art e les Artistes. White cardboard passepartout, cm 49 x 34. In excellent condition, full margins, demonstrating a full mastery of the graphic technique. This piece is attributed to the mentioned designer/maker. It has no attribution mark and no official proof of authenticity, however it is well documented in design history. I take full responsibility for any authenticity issues arising from misattribution