I am owed about $24,000 by someone who has 9 of the 52 original paintings by Chuck Oberstein of Red Skelton as a clown. He has offered them in payment.
I searched online, but could not find a definitive valuation. So, I am asking - do any of you have an idea of what they may be worth, and how easy/difficult it would be to sell them.
I would research celebrity auction sites and call them. Or I would search eBay for possible comps. Beyond that, I got nuthin’ - celebrity collectibles run hot and cold; if you find the right Skelton or TV History fan, they could be worth something.
Hmm, valuing art is shaky, even when it’s one of the greats. A quick search shows that he’s famous enough to have a Wikipedia page that hasn’t been deleted, and he’s know for his paintings of clowns. There’s an ebay auction that went for $500, but there’s also claims that his paintings often go for $2-$8K.
As far as clown paintings go, he’s probably the pinnacle of them. If your other option would be nothing, I’d take it. Otherwise, $24K seems to be a steep valuation.
ETA: Oh wait, you have 9. That makes it a little easier to think it might be worth $24K. Where’s the nearest large art auction house? I’d be willing to pay a couple of hundred to get their professional opinion.
I have found a lot about his clown paintings, which vary greatly in price. What I can’t find specifically is any mention of him painting Red Skelton as a clown, let alone there being a set of 52 different paintings.
Not to put a damper on the valuation party, but if the person that owes you this money thinks they are worth this much, why not make them the person that has to sell them? Then you don’t have to worry about what the paintings are worth, you just get your cash.
Olberstein portraits of named individuals(as opposed to generic clowns or scenes) are very rare and valuable, and I can’t find any record of him painting sets, large or small, of any individual. When were these supposedly painted? Do you have any info on them at all?
Your debtor has clown pictures painted by and signed by Skelton, which may have value (see the website); or
The debtor has pictures painted by Oberstein that depict clowns but not Skelton; or
The debtor has paintings of Skelton dressed as a clown that Oberstein copied from magazines, Skelton’s TV show, or from Skelton’s own paintings. These knock-offs are probably unsanctioned by Skelton’s estate, which could take copyright action against anyone who tried to sell them.
If the case is 1) above, you may see a small return, but nowhere near what your debtor owes you. If it’s 2), the paintings are nearly worthless. If it’s 3), they are not merely
worthless, they’re a liability.
Thanks all. I’m still digging in to it - like others here have said - can’t find any record that Oberstein painted Red as a clown.
My debtor is a friend and I trust him (original debt was much higher and he has been assiduous in paying back), perhaps he relied on bad info when he bought.
As to why he doesn’t sell them himself; he’s not too computer literate, wouldn’t know how to find appropriate auctions, and can’t navigate eBay.
Thanks again, please let me know if you come across any more pertinent info.
As a retired fine art appraiser of 20 years experience, I can tell you the above is sound advice. I was one of two appraisers who valued the Skelton Estate’s donation of thousands of items to a museum in Skelton’s hometown of Vincennes, Indiana, and the values were nothing significant then (and have since depreciated). There were no Oberstein portraits, though, in the donation.