A COMPREHENSIVE GUIDE TO ART APPRAISAL Appraisals serve many different uses. Each use calls for a special type appraisal. The descriptions and values made by a qualified art appraiser assure technical accuracy and appropriate market level valuation. BASIC FACTS An art appraisal is a legal document as important as a will. It is the only way to accurately describe and value your artwork. A properly prepared appraisal by a qualified appraiser will clarify questions of value under all circumstances. INSURANCE To prove irrefutable possession at the date of valuation, provide needed protection in the event of a loss, and to assist in establishing proper insurance coverage. ESTATE PLANNING / TAXES To clarify questions of property value, facilitate the disposition of estate tax reporting requirements, assist heirs with distribution of property; to assist financial planners and related professionals in establishing client net worth, and as a basis for judicious estate planning. We prepare appraisals for inheritance and gift tax purposes, and to assist attorneys and their clients in matters of equitable distribution, including loan collateral. AN APPRAISAL SHOULD INCLUDE: Analysis of the appropriate market place Date of valuation, inspection, and written report Adherence to a professional code of ethics and to the Uniform Standards of Professional Appraisal Practice Statement of financial disinterest and fee policy Any relevant limiting conditions Appraiser’s certification and signature Type of value being determined Detailed description of the property being valued. Randolph E. Osman Associates works with experts in all fields of fine and related art. In addition to Ancient, Old Masters, Modern and Contemporary art, we can collaborate with other experts to appraise collections including antique maps, historical prints, monumental and architectural sculpture. F E E S Fees are charged on an hourly basis, per diem, or by fixed arrangement. Fees are not set by a percentage of the valued amount. Dealers and auctioneers may have a conflict of interest that Osman Associates never has. SERVICES FOR MUSEUMS, UNIVERSITIES, CORPORATE COLLECTIONS, INSURANCE ADJUSTERS, ATTORNEYS, INDIVIDUALS Randolph E. Osman, MA, ASA is an Accredited Senior Appraiser, a member of the American Society of Appraisers. He is a degreed professional with years of advanced education and training, museum and university research and publication background. Osman specializes in fine art (painting, sculpture, prints and drawings), and contemporary crafts (metal, wood, clay, fiber and glass). Osman Associates also appraise related artworks and minor arts. We have access to large computer and printed databases. We are in contact with experts and scholars in museums, auction houses, universities and libraries worldwide. LITIGATION SUPPORT Randolph E. Osman works regularly for attorneys on litigation support, depositions, and as expert witness. He has been consultant to attorneys regarding valuation of architectural models, Native American Art, European Paintings, and Environmental Arts. OSMAN ASSOCIATES "THE PROFESSIONAL APPRAISERS" Accredited…Qualified... Researched... Written... Dependable Professional Appraisals Meeting IRS, Insurance, Estate, and Legal Requirements

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