Original drawing of a cubistic figure, red and blue crayon or pastel on the cover of a catalogue for a 1931 exhibition of Picasso’s work at Demotte, Inc., 9.25 x 12.5, signed “Picasso.” The catalogue bears a limitation of 800 copies (this copy No. 233). Mild toning and soiling, partial separation of covers along spine, a few small edge chips, and a few subtle smudges to drawing, otherwise fine condition. Most of the faults can easily be matted out for a handsome presentation. Picasso is increasingly elusive and desirable in on-the-spot drawings of this size and quality! RRAuction COA.