By the early 1930s Edward Hopper was a major figure in the American art scene. As is well known, Hopper made no significant sales of paintings until the exhibition of his watercolors at the Rehn Gallery in 1924, by which time he was forty-four years old. However, his career takeoff in the late 1920s and early 1930s was certainly dramatic, and in 1933 Forbes Watson could describe him as a “collector's favorite.” In 1924 the standard price of Hopper's watercolors was $150, by 1925 it had risen to $200, and in 1928–29, $300–400 was the norm. In 1929 alone he sold at least fourteen drawings. Between 1924 and 1930 he also sold sixteen oils at prices ranging between $400 and $2,500 dollars. In the 1930s he was getting between $1,500 and $3,000 for an oil painting, and from 1934 to 1939 he sold several watercolors at $750 each. If, as Life reported in 1937, his receipts from sales did not usually come near $10,000 per year, he was still doing a lot better than most other artists in the Depression years.