Vintage Watercolor Original Artwork Of Gentleman With Horse And Hounds

I absolutely love the muted tones of this artwork. It looks like the artist used both watercolor (evident near the trees) and chalk to achieve the subtle matte finish and blend these gorgeous colors. A gentleman riding his noble steed past a sweet cottage while his two faithful hounds come along...is there more perfect subject matter? The work is signed on the back and there is an old hanger that I left on, as found. It is painted on board and so fabulous. The tones are gray, black, white and browns. Please see all photos for age related character, spotting and/or fraying.

Measures 14.5 by 10.5 inches.