Hello, this item is a watercolor and gouache painting depicting a large Mexican sombrero surrounded by figures engaged in traditional cultural activities, including a bullfighter and a female dancer. The piece is executed on paper and measures approximately 24 x 24 inches. Its vibrant use of color and soft transitions between gouache and watercolor create a fluid composition with strong movement and cultural symbolism. The lack of a signature suggests either a workshop piece or a decorative work produced for the tourist or domestic market in mid to late 20th century Mexico, where such themes were popular.

In terms of market value, unsigned watercolors and gouache works with Mexican cultural motifs typically sell between $100 and $250 at auction when decorative and without an identifiable artist.