This is a vintage, 20th century, about 1970's, framed original painting on canvas depicting bust portraits of two circus clowns by American, Louisiana-born, painter, William Moninet (1937-1999). He is known primarily for his paintings of clowns and there are a fair number of his works that have sold and are available on the market. The estimate is based on actual recent past recorded auction sales of comparables. Retail 'asking prices' can be higher and vary.