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Estimate: $ 700 - $ 1,000
RALPH ILIGAN (1894-1960) Study for World War II Propaganda Poster. Probable study for a World War II propaganda poster for the "Industry--The Arsenal of Democracy" series commissioned by the National Association of Manufacturers, circa 1942; possibly unpublished. Oil on board. 265x212 mm; 10 1/2x8 1/4 inches, on 19 1/4x15-inch board. Initialed "RI" in lower right image.