Oil Painting "Green Broke" by Jack Woods
I’ve acquired this beautiful oil painting of Mr. Jack D. Woods titled Green Broke. I was hoping that you could educate me on the history of this painting. It is a 24" X 36" painting. I do have a sales paper attached to the back of the painting showing that it was sold in October 1995 for $1800.00 with Mrs. Donna Woods signature. Any information as to when this piece of art was done and the story behind the painting as well as todays current value would be highly appreciated. Thank you for your time.
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This is a vintage, late 20th century original painting on canvas, measuring 24" x 36" that depicts a bronco rider and a calf during a roping rodeo style roping session. This is titled and annotated by the artist on the stretcher bars on the backside, Green Broke by Jack D. Woods of Taos, New Mexico. The title infers that the cowboy was training or breaking the horse for a rider and may eventually become part of a Western rodeo circuit. The artist, Jack D. Woods (1930 - 2011) was a self-promoting painter and sculptor who owned his own gallery with his wife, whom he married in 1951, called the Western Art Gallery. Prior to the gallery he served in the Korean War and worked as an aeronautical design engineer for Douglas Aircraft Company. As far as 'history of this painting'; history would be provenance, which is the record of prior ownership, of which, as an appraiser, I would not be privy. If there is a buyer name on the sale receipt, then that would be the provenance or history of the painting after leaving the Western Art Gallery where is was sold. It is important to comprehend that usually the highest sale price for a painting is from when it was first sold from the primary gallery. The vast majority of works do not retain nor exceed that initial sale price after purchase. The estimate is based on actual recent past recorded auction sales of comparables. Retail 'asking prices' can be higher and vary.
All paintings are indeed one-of-a-kind; the estimate is based on the fair market value and market interest. As mentioned above, most works do not retain nor exceed the initial purchase price from a primary gallery. It is a common misconception that the passage of time equals an automatic and exponential rise in value.
I found it interesting that the value did not meet or exceed that of what it sold for. There is a buyers name on the receipt but out of respect I covered it when I sent in the photo. I would also consider this as a one and only making it more desirable for those collectors who follow the artist and would be interested in this one. Thanks Nora.