This is a relatively new aviation art painting by James Dietz. I found it on another website.
As with many of James’ paintings, the human element is the main focus, and the machine is in the background.
Down and Out depicts the three-man crew of a bullet-riddled US Navy Grumman TBF Avenger getting into a dinghy after ditching in rough seas. A squadron mate circles overhead to confirm the crew is out safely and has probably already radioed their position for a rescue operation.
I don’t have much info on this painting, which I understand was privately commissioned and has not been released in any print form. I am hoping an eHangar member or James himself will chime in here with more details. 🙂