It has a real “where the wild things are” feel…which is the art used to decorate my local library.
A lot of people have chosen to take the Hobbit as seriously as its older brother—-including Peter Jackson—-and have missed out on the absurd, beautiful childishness of the whole thing.
The Hobbit does a wonderful job of introducing the ideas and characters of LotR in a way which is accessible for children and I think the art presented here is a valid artistic take on a children’s book about a dragon.
It’s as valid as any art. But as an illustrated book, it’s lacking.
If I had read this version as a kid, I’d be extremely confused as to why Gollum was 20 feet tall and wearing a flower crown. And then I’d be mad and consider it a bad illustration. (I’m aware some people think the original version didn’t specify his size. But the 1937 text states “Deep down here by the dark water lived old Gollum, a small slimy creature.”)
If there’s a character in a book who is known for wearing a red shirt, you might think it’s interesting to subvert expectations and give him a green shirt. But when the picture with the green shirt appears next to text describing a red shirt, it fails as an illustration. Especially in a book meant for children.
"absurd, beautiful childishness of the whole thing"
There is the bed-jumping scene, so there is childishness in the movies too. (I also hated that scene; I started to root for Sauron when I saw that scene.)