Limited Edition Figurine Sketch by Leonard Tsuguharu Foujita (Attributed)

This artwork is a limited edition print, specifically an etching or lithograph, featuring two ethereal figures in an intimate pose. The piece is numbered '2/120' in the lower-left margin, indicating a relatively small production run. The central composition depicts a male and female figure rendered with delicate, flowing line work characteristic of mid-20th-century Romanticism or Surrealist influences. The figures are surrounded by soft, wash-like tones of grey and sepia, creating a dreamlike atmosphere. The ink lines are precise, showing expert draftsmanship. In the lower margin, there is a distinct signature, possibly that of the artist Leonard Tsuguharu Foujita or a similar modernist master, though further authentication would be required to confirm the artist's hand. The paper appears to be a high-quality heavy cream or off-white stock, matted in a bright white window. The condition appears excellent with no visible foxing, tears, or staining within the image plate, though a strong horizontal glare from a camera flash is present on the protective glass. The plate mark is clearly visible around the image, which is a standard indicator of a traditional printmaking process. The style suggests a period between the 1920s and 1950s, often referred to as the 'School of Paris' era.

I have conducted a visual examination of the print attributed to Leonard Tsuguharu Foujita. The work exhibits the artist's signature 'grand fond blanc' aesthetic, characterized by fluid, calligraphic lines and a milky, translucent tonal background. The numbering '2/120' suggests a desirable low-edition run from a significant series. The condition appears stable; however, the presence of the plate mark and paper texture requires physical inspection to confirm it is a lifetime pull rather than a posthumous restrike or sophisticated photogravure. The market for Foujita remains robust, especially for works depicting his signature romantic and ethereal figures which bridge Eastern and Western sensibilities. Comparables for authenticated Foujita etchings of similar size and subject matter consistently achieve mid-four to low-five-figure results at major auction houses like Sotheby's and Christie's. The primary value driver here is the attribution; if fully authenticated, the value could exceed the high estimate. Limitations: This appraisal is based strictly on digital imagery. Definitive authentication requires an in-person examination to verify the ink-to-paper bond, paper watermarks (such as Arches or Rives), and a forensic signature analysis. Provenance documentation or a certificate of authenticity from the Foujita Estate (Archives Foujita) would be necessary to establish full market value. Without such documentation, the piece is valued as 'Attributed to,' which carries a calculated risk for the collector.