GUEST: This is... was handed down through our family from my great-grandfather, who lived in the Adirondacks area of New York state.
APPRAISER: It was painted by a gentleman by the name of Jasper Cropsey, whom he met in the Adirondacks, and asked him to make a painting for him. And Mr. Cropsey painted it, and then sent it to him as a memento of their visit together.
GUEST: Uh-huh.
APPRAISER: And you have this terrific letter...
GUEST: Yes.
APPRAISER: That accompanies the picture. It's a letter from Cropsey to your great-grandfather.
GUEST: Yes.
APPRAISER: I think it's a really charming statement from an artist about a picture, and I'm going to read just a little bit of it. "The little picture is not a literal view, but an impression or reminiscence of Lake George in the autumn. Some years ago I spent some time at Bolton on the Lake, and this is one of those atmospheric dreams of the time. Treasured in the mind, and only now put on canvas. Hoping it may give you pleasure. Yours truly, J.F. Cropsey." We don't often have such a personal statement from an artist talking about not only what his feelings are about his picture, but addressed to a patron and signed by the artist. The Hudson River School is a well-known type of American painting. It's a well-known term, it's in fact a little bit of a misnomer, because the pictures that are part of that school are by no means limited to pictures of the Hudson River. Nor was it a formal school, but more of a loose group of artists who worked together. Cropsey was one of the first generation, and one of the most important of those artists. The picture is signed right here in the lower right by Cropsey. It demonstrates a lot of his most well-known techniques and aspects of his work-- this very colorful fall foliage that you see here. His interest in the effects of light and atmosphere. We've got sunlight. If you've noticed these rays that actually come right down through the tree here. The use of the little figures on the rock to give it some perspective. And, best of all, a picture that has never really been on the market, nor even probably known to scholars because it's been in your family since it was painted. That's apparent not only from the history that you have, but also based on the condition of the picture. It's very original in its state. It looks as if it's never really been touched by a restorer or cleaned or re-lined or whatever. Which is wonderful.
GUEST: We're interested basically in a value for an insurance purpose. We certainly don't intend to get rid of it.
APPRAISER: Well, if I were to put a valuation for replacement purposes on this for you, I would probably be thinking of perhaps $150,000.
GUEST: That's surprising.
APPRAISER: I hope it's a pleasant surprise!
GUEST: Oh yes, very pleasant.
