Dear Jonathan,

Thank you for contacting Mearto with your appraisal inquiry.

The presented object appears to be a watercolor drawing on paper with the measurements of 17 5/8 x 15 1/4 inches. The drawing depicts two women with a Northern french costume on the beach. It is signed in the right lower corner with the name "P. Bonedt". This drawing was made in the 1880s or more probable in the 1890s.
This piece is in good condition and there is no serious damage visible in the images provided.
A fair market estimation would be between 150 to 250 USD.
This estimate is based on actual recent past recorded auction sales of comparable items. Retail "asking prices" can be higher and may vary.

With kind regards,
Georg