This is a vintage, mid 20th century, original framed portrait painting of a bearded man smoking a pipe. These were often produced as decorative wall art pieces and not as fine art for investment purposes. The majority of bearded men smoking paintings were done in Europe as tourist pieces. There is not a listed artist by the name of Alex Black; however similar works with this same signature have occasionally come up for sale. The estimate is based on actual recent past recorded auction sales of comparables. Retail 'asking prices' can be higher and vary.