The bank will now assist clients in negotiating sale agreements with auction houses, dealers and private collectors, using its independent and impartial expertise to meet strategic goals related to buying or selling art or incorporating collections into broader estate, financial, philanthropic, turnaround and restructuring plans.
Fine Art Asset Management said that its appraisals comply with both the Uniform Standards of Professional Appraisal Practice (USPAP) and IRS requirements for donation, probate, and estate planning, as well as appraisals for insurance, loss/damage, and divorce purposes.
The team also constructs and implements strategies designed to maximize net proceeds by determining the optimal timing, sales channel and geographic location for the transaction, as well as unbiased advice when purchasing art and antiques.
In addition to Augenblick, Fine Art Asset Management’s senior executives include senior fine art specialists, Nancy Harrison, Barbara Chu and Li Jun Xian.
Harrison is president-elect of the Appraiser’s Association of America (AAA), the premiere professional organization of personal property appraisers. She has more than 35 years of experience in the art world.
Chu is a senior banker with experience in debt investments, lending and origination. Prior to joining the company, she was an adjunct professor at Columbia Business School.
Xian joined Fine Art Asset Management from Goldman Sachs where she analyzed credit risk.
