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This teapot is from the Gypsy Trail Hostess Ware collection, a large group of colorful pieces made to go with the Gypsy Trail dinnerware patterns. The bottom of this teapot should be marked “Red Wing USA 235” on the bottom. This is one of several Hostess Ware teapots introduced in 1941 and was made for several years. It appears in the 1944 Gypsy Trail catalog, which is the last known catalog for this line. Most Gypsy Trail production ended soon after the end of World War II.
The 235 teapot is fairly common. Available colors were orange, blue, turquoise, yellow, pink, green, and cream ivory. Current value for a 235 teapot in excellent, undamaged condition is $25-30.