GUEST
My dearest friend, who was my high school English teacher here in Albuquerque, gifted it to me. I've known her for 50 years.
APPRAISER
You're still in touch with her? Are you...
GUEST
Oh, yes, yes, I... We have lunch every Friday.
APPRAISER
Oh, that's lovely.
GUEST
Yeah.
APPRAISER
When were you gifted this?
GUEST
Within the last year.
APPRAISER
And were you aware of it before? Had you paid any attention to it before during your visit?
GUEST
Well, actually, when I first entered her home about 35, 40 years ago, I saw it hanging on the wall with a, a lot... She had a lot of other paintings, and this one just stuck out. And I, every time I go to her house, I would stare at it and just say, "That is just an amazing painting." It was, it just, for me, it was captivating. It's by Elaine de Kooning, an artist who, back in the '50s and '60s and '70s, I guess, was fairly prolific in painting. And I do know she was the wife of Willem de Kooning, who's, I guess, pretty famous. Elaine de Kooning came to Albuquerque around 1959 as a visiting professor at the art department. And my friend was taking art in the art department, as well. She was getting her undergraduate degree, but she also lived in an area of Albuquerque called Old Town. And Elaine, during that time, lived right next door. So they became best friends. She said that Elaine was quite bohemian and smoked like a chimney, as did she back then.
APPRAISER
Yeah.
GUEST
And they had a lot in common. Before she left, I assume, is when she gave it to Louise as a, as a memento, a nice token of their friendship.
APPRAISER
So I would place this one around about when she was here.
GUEST
Okay.
APPRAISER
So 1959, '60, that, that kind of time frame. What appeals to you about this work?
GUEST (inhales)
The energy.
Yeah. GUEST
And obviously, it's a bull.
APPRAISER
It's interesting you say that, 'cause that's the first word that came to my mind, as well, energy.
GUEST
Oh.
APPRAISER
'Cause you really feel it in the brushwork. It's a wonderful piece, and as you say, it's, it's a bull. She went to bullfights, I believe, didn't she?
GUEST
Yes. Louise said she enjoyed going to the bullfights in Jurez, and would go there quite frequently, and became fascinated or enchanted with the whole bullfight, uh, regime.
APPRAISER
And you're absolutely right. She, she was married to Willem de Kooning, so she was involved with the Abstract Expressionist movement, but she never really let go of figuration. So in, to the extent that she was doing portraits, as well. She even did one of, uh, uh, John F. Kennedy.
GUEST
Okay.
APPRAISER
But she was known for doing these bull paintings. There's elements of it that look very much like gouache, which is a water-based paint. But there are also areas like this, which look more like acrylic paint. It's a mixed-media work on paper.
GUEST
Okay.
APPRAISER
I think it bears a, a little more analysis. So Elaine was... O, obviously the Abstract Expressionists, it was a bit of a boys' club, but she could stand her ground. She was Brooklyn girl.
GUEST
Right.
APPRAISER
And she didn't take any nonsense, and she put up with a lot of nonsense from Willem de Kooning, but she had her own flings, as well.
GUEST
Oh. (laughs)
APPRAISER
So she was quite an independent lady. She was feisty, she was a spitfire. There's been a lot of talk lately about the Ninth Street Women, and these were all artists who were involved tangentially with the Abstract Expressionists. So you, you had Elaine de Kooning, you had Grace Hartigan, Joan Mitchell, uh, Lee Krasner, who, of course, was married to Jackson Pollock.
GUEST
Oh, right, right.
APPRAISER
And Helen Frankenthaler. Back then, Elaine de Kooning and Lee Krasner, pretty much, they were painting, but they were really promoting their husbands at that time, so they took a secondary role. So it's very refreshing now, at last, we're seeing their work in the ascendant and people are looking at them as artists in their own right.
GUEST
I see.
APPRAISER
And what fabulous artists they were. And that's being reflected in their value at auction and at sale. So I don't know what, if you'd had any no, notions about what this one might be worth?
GUEST
Well, she thought maybe $15,000 to $20,000, something like that.
APPRAISER
Right. So would it surprise you if I said more likely, at auction, $50,000 to $80,000?
GUEST
Yeah. (both laughing)
APPRAISER
Well, I'm delighted to hear it. It's nice people still get surprised.
GUEST
Yeah.
APPRAISER
But what a great gift to get. That's fabulous. I mean, it really bears testimony to the friendship, an enduring friendship...
GUEST
Absolutely, she's very special.
APPRAISER
...that,
that you have. GUEST
An insurance value would be about the same?
APPRAISER
Insurance, you're going to be north of $100,000.
GUEST
Oh.
APPRAISER
So I, I don't think you should insure it for less than $140,000, $150,000.
GUEST
Oh, wow.
APPRAISER
Yeah.
GUEST
Okay.
APPRAISER
So you might want to have a word with your insurance.
GUEST
My premiums are going up.
APPRAISER
They are. But it's worth it.
GUEST
Yes.
APPRAISER
Have you spoken to her recently?
GUEST
I just talked to her this morning. I said, "I'm in line, I'm..."
APPRAISER
Are you...
GUEST
You know, she said, "Well, you got to call me at, when, when, when you get home."
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