GUEST: Well, this painting hung in my dad's office. It was given to him in Iceland. He was a golf pro at the course there, and he was going from Iceland back to Denmark to teach golf, and the board of directors gave him this among other gifts.
APPRAISER: And how long had he been in Iceland?
GUEST: A couple of years there. But in Europe overall, 18 years, playing golf and teaching golf.
APPRAISER: You were kind enough to bring in this letter that he wrote as he was heading towards Denmark from Iceland.
GUEST: Yes.
APPRAISER: And I just wanted to quote a little bit because it mentions the paintings. "Boy, oh, boy, "wait until you see the gifts which were presented to me: "a painting by Iceland's leading artist, a picture of Thingvellir." So here we have it. So you were a little mystified as to who the artist might be.
GUEST: Yeah, I don't know the exact name. I see the signature.
APPRAISER: The name is Jón Stevenson.
GUEST: Ah.
APPRAISER: Stefánsson -- I'm not sure of the pronunciation.
GUEST: Uh-huh.
APPRAISER: This letter, which is dated 1935, probably indicates that this painting might be from around the same time, and it was interesting. In the '30s, the art community in Iceland kind of did a split. There was a younger, more radical group that embraced less traditional subject matter and approaches to painting. But Stefánsson and his group promoted painting landscape, and going the more traditional route.
GUEST: Hm.
APPRAISER: The artist was born in 1881 and he did study abroad in Denmark and France and he really was one of the leading proponents of landscape painting in Iceland. I know that somebody gave you an interesting comment once about the value of this painting.
GUEST: My aunt's niece, who lives in Iceland, when my aunt died, she came over to settle the estate. And I invited her to come to my house and she came in through the basement, and I had a couple of paintings hanging on the wall, and her mouth dropped and she went towards the wall and said, "You're rich." And I said, "I am? How rich?" She says, "100,000 kronas, maybe." And I says, "Well, what's that?" And she says, "Maybe a new car." (laughs): I don't know.
APPRAISER: Well, I don't know how much a kroner is, but I would say, if you were to sell this at auction, you might expect to get $30,000 to $60,000.
GUEST: Oh, wow, that's fantastic.