Painting rooftop scene

Dear Teri,

Thank you for contacting Mearto with your appraisal inquiry. My sincere apologies for the delay with the appraisal.

The presented object appears to be a painting made in oil paint on canvas with unknown measurements. The painting depicts a view over a Mediterranean village or city. It is monogrammed IKL and dated (19)54. Sadly no additional information for an artist with this name fitting in style and motif is given by reference books and databases. 
Comparable objects were recently offered and sold on the international auction market. 
This piece is in good condition and no severe damage is visible in the images provided.
A fair market estimation would be between 400 to 800 USD.
This estimate is based on actual recent past recorded auction sales of comparable items. Retail "asking prices" can be higher and may vary.

With kind regards, 

George