It is held in the Museum of Modern Art, in New York.
Along with works such as Woman on a High Stool, it belongs to the "experimental period" of Matisse's oeuvre.
Pentimenti reveal that it was originally painted in a more detailed manner before it was radically simplified into a geometric composition.
[1] It was not exhibited until after Matisse's death, but proved a great influence upon later developments in painting.
[1] Specifically, it is said to have considerably influenced American artists who developed new modern and abstract styles, i.e. Color field and Abstract Expressionism, such as Richard Diebenkorn.