U Lun Gwye painting

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Asian art
Wilkes Barre USA
Description from user:

This is a U Lun Gwye painting of the Mandalay moat surrounding the imperial palace in Burma. This painting has been in my family since the mid 1960's. It was given to my family by Khin See Win a member of the family of Ne Win Prime minister of Burma. she was studying medicine in the US at the time of his overthrow in 1960. She never returned to Burma. The assumption is this painting is pre 1960. The painting measures 18X26. The painting is oil on canvas. There are some minor blemishes on the painting. The notation on the back of the painting is in the handwriting of Dr. win

Acquired from Dr Khin Win

Answered within 3 days
By George
Jan 26, 11:44 UTC
Fair Market Value
$2,000 - $4,000 USD
Insurance Value $0 USD
What does this mean?

Dear Jonathan,

Thank you for contacting Mearto with your appraisal inquiry.

The presented object appears to be a painting made in oil paint on masonite with the measurements of 16 x 26 inches. The painting depicts a view of the Imperial Palace with the Mandalay Moat in Burma. It was made and signed by Lun Gywe U (1930).
Works by this artist were recently offered and sold on the international auction market.
This piece is in medium condition and there are serious damages visible in the images provided.
A fair market estimation would be between 2.000 to 4.000 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,

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