I've had this for many years now, always loved nautical themes. It's an 1892 Kurz & Allison lithograph of The Great International Naval Review. It has a few condition Issues. It's a bit faded, has a couple of stains in the margin at the bottom, and a little bit of a warp to it. The picture I've provided makes it look worse than what it is. The wavy quality isn't very noticeable in normal lighting, but came to life under the flash.
I've seen a less faded and stain free copy of this print for sale online at $750. What I'd like to know is how detrimental is the condition to it's value, and what value does the frame add to it. The frame looks old to me, I'm pretty sure it's period. It measures 29" by 24". Thanks!
*If you look closely, you can see the replicas of the Columbus ships that sailed in the parade. There are also a two Civil War Ironclads towards the back. At the bottom of the print, there is a list of the Countries and names of all the ships in attendance.