Woodward did not keep records of his pastel paintings he called chalk drawings. In this case, we would know less than nothing about the chalk drawing if not for the letter to Woodward's friend, F. Earl Williams who apparently once had this artwork in his possession. For how long, we do not know so we cited the year with circa 1942, meaning within five years of that date. See below ⮟
"The day after my return I received a check of $75 ($100 less 25% commission) for the sale of The Wide Spreading Elm---the chalk which you originally had, but exchanged for the "winter farm in the hills." So, that is now "out of the family too (it was at the Grand Central Art Galleries.) Before long I expect the Pettis family to come to take away two more chalk drawings."
This chalk drawing was purchased by a Massachusetts collector for $1,850 plus shipping charges or
for an increase of 1850% its original price far outpacing inflation. The dealer listed it initially
for $2,200 indicating the estimated value without knowing its original sale price. As a matter of
fact, the pastel paintings are much more appreciated today than in his time.
What is not known to us is why it originally sold for such a low price for one of his largest chalk
drawings, in 1942 on less, when his average price at that time was $150. We have never seen a chalk
priced under $125 dollars and the highest was a $175. The artist cared very much about his pastel
drawings because it kept him close to his origins as an illustrator / draftsman. But even more, he
continued to make them throughout his career as a way of providing quality art at affordable prices.
This is not to say $100 is cheap in 1940, but rather, it is attainable to those who save and work as
a teacher or secretary... a small business owner or farmer.
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