Original vintage abstract oil on canvas
11 September 2020
Description

This is an original abstract that was purchased at an auction of a million dollar home where everything was very high end custom. My other piece of art I bought there was recently appraised by you. This is also from 1978 but I can’t make out artists name in the signature. There is light impasto and the piece is framed with a beveled matting and a teak frame. It’s in excellent condition with great contrasts to the colors with a lot of detail in some of the brush strokes. Could be a water image but becomes too abstract above the blue . I like this piece a lot and more than the other one I purchased and also appears to be at least framed possibly in Brazil.the canvas itself is 27.5” by 23.5”

Provenance

Unknown but likely done by a known artist

Acquired from
Auction House
For sale
Maybe
Answered within 2 days
By Karine SH
Sep 13, 11:02 UTC
Fair Market Value
$50 - $150 USD
Insurance Value $0 USD
What does this mean?

Dear Mark,

Thank you for your contacting Mearto with your appraisal inquiry.

The item presented appears to be an abstract painting dated 1978. It measures 23.5" (h) x 27.5" (w). It is also signed on the lower right by the artist. The condition is very good overall.

Unfortunately, I had some trouble deciphering the artist's signature. I've tried many variations, but without success I am afraid. If you have any further information regarding the artist's signature, please let me know and I will be happy to research further.

Therefore, the estimate provided is based on recent auction estimates and results of similar abstract paintings without artist attribution, dating from the 1970s to the 1980s. The current condition (based on photographs provided) has been taken into consideration when determining the estimate.

Please note that once pieces bought at auction are in galleries they are usually a minimum of two to three times the price paid at auction. I hope this assists you.

Best regards,

Karine

Mark young Sep 13, 12:54 UTC

Ok, I couldn’t decipher the signature either and I know that is pretty crucial. I also know you probably searched it as an image and didn’t get any results and you likely have a large database of well known artists and without more to go on it has to be based on similar pieces that have sold. The only reason I suspect this piece may be much more than your estimate of value is due to the auction it was in and the house where they lived in Naples, Fl. The house itself is currently listed over $1,000,000 and everything in this house was very high end and no other items that were sold were all designer and custom type pieces. The other piece of art I sent to you was estimated at $1600.00 and several other pieces sold at the auction for over $1,000. This was not the type of auction or house where everything else would be valuable and one piece valued at $50 by an unknown artist. I do realize they may have known the artist or possibly had some other connection to the piece making the value much higher to them. I am going to try and follow up with the Brazilian frame/art store that is found on the back for further information.

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