I bought Henry’s Villa Venice $100 about 15 years ago and my guess is that he made a color photo copy of it and pasted this together as a place holder in his collection with no intent to deceive or sell it in the future. Then forgot about it. It would be hard to catch in a large collection by his daughter, especially in a paper flip. Totally honest mistake and she was thankful for the info I passed onto her.
In all my dealings with Henry over the years there was complete honesty and full disclosure. Knowing it is from his collection I feel 100% certain that it is a one off. Are there other chips that could be photo copy paste ups? Sure but Henry’s daughter will catch them now that she knows what to look for. It would be easy to miss this because it is in a flip. But the chip wouldn’t stand up to any close inspection.
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