A rare signed horseracing caricature by The Tout [Peter Ronald Buchanan].

A rare signed horseracing caricature by The Tout [Peter Ronald Buchanan],
signed in pencil to the margin lower right, the caricature portraying mid-20th century racehorse owners riding their own horses, the winner appearing to be Colonel William H Whitbread donning the choolate & yellow silks, the image 24 by 42cm., framed & glazed, 49 by 68cm.