Hello and welcome! My name is Doris.I have been an antiques collector, dealer and appraiser for over 56 years.I will be pleased to help you.
Thank you for the information and photo.
Please allow me time to research the data required by your question, calculate current values and write my answer.
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You may have already seen this; but just in case, I will include it here:
"Edgar ***** *****teg (April 13,***** Louis, Illinois – February 7, 1953 Papeete, Tahiti) was an American painter often considered the father of American velvet painting. He became a French citizen after immigrating to French Polynesia in 1933, where he spent the rest of his life painting the local life on black velvet."Source: Wikipedia
When assessing an artist's work, appraisers must look at sales of works by the same artist. Art gallery sales prices are private.We must then go to auction sales prices which are public. When using comparable work by the same artist, medium, subject matter and size are factors to be considered.Appraisers most often use price per square inch of previously sold comparable works by the same artist as a measure of value.
Using this standard method, I was able to determine an auction value of $1050 assuming an important frame and excellent condition.
A private seller to a dealer or at auction can expect 30-60% of retail value.
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Hi there!I'm just following up with you to see how everything is going. Did my answer help or do you have more questions about your item that would help?
Let me know,Kind regards,Doris