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Wunderlich recognized the painting based on his exposure to Munger at Kennedy Galleries, which handled many Mungers from the Eberstadt collection. He says: "It looks like the Munger paintings I recall when at Kennedy galleries. They came from the Edward Eberstadt collection. The Eberstadts were primarily book dealers in the 1940's and 50's. They apparently purchased paintings for their inventory, and after they retired and closed up their shop they consigned the painting inventory to my father at Kennedy galleries. I am guessing but the collection was approximately 3500-4000 paintings, drawings etc. There were also non western paintings, but the vast majority was Western. It tended to be quite heavy in the lessor known painters - artists like Munger, Thomas Hill, William Keith, Charles Dorman Robinson etc. As I recall, a lot of paintings of California."
Image from Gerold Wunderlich's email.