Pochoir. Identification of the author and titled according to the original print: "Programme des Ballets Russes / Costume de Chinois du Ballet "Parade" / Aquarelle de Picasso". On the reverse, an inscription in pencil, "Tharrats", owner of this work. This work has traditionally been considered to be Picasso's first in this technique. Foxing, dirt and darkening on the paper. With (traces of) adhesives on the reverse. 31.5 x 23 cm; 36 x 25.5 cm (frame).