W. M. Schmalz (20th Century): Impressionist Forest Watercolor, 1918. Watercolor on cold pressed paper, signed and dated lower left, framed.

16 x 13 inches framed; 10 x 7.75 inches sight.

Private collection, Madison, Wisconsin.

Very good condition; paper is slightly wavy; possible mat burn.

NOTE: If documentation is not listed, the lot is sold without documents.

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