CHICAGO – Hindman announces the launch of Hindman Appraisals LLC, an independent division, to further elevate its offerings to clients by providing independent, impartial and objective appraisal services.
This launch follows a critical year in 2021, marked by a significant expansion of Hindman’s appraisal capabilities. Last year alone, Hindman appraised nearly a quarter of a billion dollars in fine and decorative arts, jewelry, collectibles, household contents and other tangible personal property, an 800% increase since 2020. The firm also added a secure appraisal management software program with smartphone apps to streamline cataloging and photographing collections during on-site inspections.
Hindman’s Tim Luke will lead the new division as National Director of Appraisals & Valuations. In addition to being tapped to head the new division, Luke has also been appointed Vice-Chair of the Appraisal Standards Board (ASB) by the Appraisal Foundation, which is authorized by Congress as the source of Appraisals Standards and Appraiser Qualifications in the United States. The seven-member board is responsible for writing, amending and interpreting the Uniform Standards of Professional Appraisal Practice (USPAP). This will be Luke’s third year serving on the ASB.
“It is a tremendous honor to lead a team of specialist appraisers with such a vast depth and breadth of experience and knowledge,” said Luke. “Our appraisers are all active participants in the marketplace, which sets us apart from our competitors.”
Appraisal and Valuation Services
Professional appraisals are all compliant with the Uniform Standards of Professional Appraisal Practice (USPAP) and prepared for:
· Estate Tax
· Gift Tax
· Charitable Contribution
· Appraisals for Corporate Art Collections and Other Tangible Personal Property
· Equitable Distribution
As leader of the Appraisals division, Luke will oversee the core team and collaborate with specialists. Prior to joining Hindman in 2021, Luke, a 32-year veteran of the auction and appraisals industry, served as Executive Vice President and Senior Appraiser at Gurr Johns, where he was focused on providing valuation services, evaluating collection and preparing appraisal reports that comply with the Uniform Standards of Professional Appraisal Practice (USPAP)
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