Dear Itsik,

Thank you for contacting Mearto with your appraisal inquiry.

The presented object appears to be a pencil drawing on paper with the measurements of 24 x 18 cm. The drawing depicts the head of a man probably a Faun with horns. This drawing appears to be signed by Jean COCTEAU (1889-1963). Cocteau often used the motif of a Faun and the drawing and the signature could be made by this artist.
Works by this artist were recently offered and sold on the international auction market.
This piece is in good condition and there is no serious damage visible in the images provided.
A fair market estimation would be between 1.000 to 2.000 USD.
This estimate is based on actual recent past recorded auction sales of comparable items. Retail "asking prices" can be higher and may vary.

With kind regards,
Georg