Although this The Lord of the Rings artwork isn't new, much of it has not been shown before. The finished Legolas artwork was published by Topps as part of their "The Lord of the Rings: Masterpieces II" card set.
Before being assigned the character Legolas, I did many preliminary sketches. Most of these involved Gandalf, who had been my first choice.
Below is the final art; both the original watercolor and the finished image, colored in Photoshop.