ULBRICHT, Marcus, (American, 19th/20th Century): ''The Happy Tramp'', Watercolor, Sight size 18 1/4'' x 13 1/2'', signed lower left, 144 West Street, dated 1902, titled in the lower margin, German inscription in the bottom is translated to English; ''What? Rich? Not on your life. Not even a millionaire could be more drunk than I am'', encased in original wooden frame with wear 24 1/2'' x 20 1/2''.
CONDITION: Overall toning, not examined out of the frame.