I just love it when I stumble across something amazing totally by accident. A friend is making a recreation of Bag End in his garage for Beggar's Night this year (he's known for doing the holiday up big every year in his neighborhood) and asked me to do recreations of the portraits above the fireplace.
Searching the internet tonight for information on the portraits, I came across this website, and as I scrolled down through it, my jaw dropped lower and lower.
I love the way she extrapolated how the rest of Bag End might look based on the rooms we see in the film. She even made a Hobbit bathroom and pantry. Incredible stuff!!! Many more photos are available at the link.