GUEST: I got it through my father. It was something that he had in his home for many years, and when he passed on, it was willed to me, and we've had it hanging in our living room ever since.
APPRAISER: And do you know who the artist is on this?
GUEST: It's John Falter. He's an illustrator, done a number of things for The Saturday Evening Post.
APPRAISER: What was this referred to as?
GUEST: It's called "The Driving Range," and it's a number of different poses of people in various stages of good or bad golf.
APPRAISER: Are you a golfer yourself?
GUEST: I am, yes, so it kind of has some special meaning.
APPRAISER: Yeah, do you identify with any of these characters?
GUEST: With a number of them over time.
APPRAISER: Yeah, your swing changes.
GUEST: Your swing changes, exactly right.
APPRAISER: Well, it's interesting. John Falter did a lot of work for The Saturday Evening Post. He did about 185 covers for them. He was born in 1910 and lived to about 1982. When did your dad get it?
GUEST: He got it back in the '70s, I believe. It was hanging up in the offices where he worked as kind of a rotating exhibit, and when it was time to move out, he contacted the artist to see if he could purchase it. They went back and forth and settled on a price, and that's how he ended up with it.
APPRAISER: How much did he pay for it?
GUEST: He paid $2,500.
APPRAISER: An interesting cover. You know, what's nice about it, it has a lot of appeal to it. Not only is there a lot of interest in illustration art these days, but also, this has appeal to golfers, as well. And going through, it's just really fascinating, all the anecdotes and little stories in here. And he writes in a letter here, he explains all of them. Some of these things, he has which types of swings he's trying to show here, like the low energy shot, over-extended backswing. And we can go up here and look at them and you can sort of go through these. Here's the Fall Forward. And then the Fall Back. And then the Lesson. Here's a man giving his wife a lesson. She doesn't look too pleased with him at that point. The guy here that says he looks really good, but doesn't hit very well. And one of my favorites up here is the Embraceable Youth, the golf lesson there in close quarters. But what's the centerpiece, I think, is this fellow here. You knew in the day, the most famous golfer in the day was Bobby Jones. And he refers to that as Bobby Jones. It also shows an interest in night things. One of Falter's most famous covers is a night game at Yankee Stadium. And also, in post-war, a lot of night sports. And this is what's going on. This is all under the lights here. We have these lights at night at the driving range. Also, you see it's expensive back then. Even 75 balls then is a dollar. That was a lot...
GUEST: A lot of money, yeah.
APPRAISER: For 1952, if you go to the driving range a lot. It's a really good example, and illustration art is one of the hottest things in American art market today. We think of Norman Rockwell and James Montgomery Flagg, but Falter's also one of those artists in the illustration pantheon. He's lesser liked than those, but still fairly valuable. Have you had it appraised, or...?
GUEST: About five or six years ago, we had it appraised for about $80,000.
APPRAISER: For insurance?
GUEST: For insurance purposes.
APPRAISER: That's interesting because in that time, in the last five or six years, the market has really gone up for illustration art. And in fact, he's recently spiked some prices at auction well into six figures.
GUEST: Oh.
APPRAISER: And one of the nice things about this painting is the fact that you have the letter here as well. That adds a certain amount of value to it because it's not just the painting, but you have the explanation, and that enhances the cachet of the piece. Right now, in 2014, it is really sort of at... not quite the peak, but it's really a high time for illustration art. If I were to insure it today, I would probably insure it for over twice that. I would put an insurance value of about $200,000 to $250,000 on it.
GUEST: Really? Wow. I need to make a phone call.
