Good Morning Peter,
From my research, your painting would have been produced by Xavier Rabous. Rabous originally from Australia, worked in oil on board as well as canvas, and was known for his maritime, as well as street and landscape views of his time spent in Europe in the mid 20th century. In the current market, your oil painting would have a fair market value of between 150-300 dollars. Any damages to the painting would detract from the resale value.
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Best of luck with your Xavier Rabous painting.
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