The value structure of Max Liebermann is mid-key: quiet, controlled, and cohesive. Max Liebermann keeps warm and cool in parity, a balance that lends the work a perceptual shimmer. Saturation is deliberately withheld - the beauty here lies in the near-monochromatic gradations rather than colour difference. The most saturated colour, #B34C41, is reserved to 5.6% of the surface, where it acts as a focal punctuation. A value spread of 60 units gives the palette both depth and air - shadows are genuinely dark, lights genuinely light. This is palette 8 of Max Liebermann's sequence - a single chapter in a chromatic story told across many works.