The appraised work is a watercolor depicting a landscape in Summerland, British Columbia, a town on the west side of Okanagan Lake. The painting was executed by Canadian artist Laurel Cormack and is signed lower left, matted, glazed and framed in a painted green frame.

A regional artist, Cormack’s work has been offered for sale at several Canadian auction houses. Since 2011, around nine paintings have appeared at auction, all of which failed to sell or sold below their low presale estimates. Landscape scenes similar to the appraised work, which often include multiple trees and mountains, appear the most frequently.

The estimate provided is based on comparable examples recently offered and sold at auction. The appraised work’s size, subject, provenance, and the artist’s overall market were also considered during the valuation process. In many cases, prices for similar examples available on the retail market vary and are often higher than secondary market examples.