Trusts and Estates: Leslie Hindman Auctioneers

LH L E S L I E H I N D M A N AU C T I O N E E R S T R USTS, E STAT E S A N D VA LUAT ION S

L E S L I E H I N D M A N AUC T I ON E E R S 1338 West Lake Street Chicago, Illinois 60607 | ph 312.280.1212 | fx 312.280.1211 | lesliehindman.com

Property from the estate of Elise Reeder Olton, Boca Raton, Florida A fine 18 karat yellow gold, Burmese sapphire and diamond ring Van Cleef & Arpels; Sold for $122,500 in April 2014 A platinum, 18 karat yellow gold, star sapphire and diamond ring Tiffany & Co.; Sold for $30,000 in April 2014

Introduction 5 appraisal services 7 Valuation Services

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auction Services

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marketing 13 important Estates and collections

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regional salerooms

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museum services

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Introduction Leslie Hindman Auctioneers is a leading auction house with global exposure. Founded in 1982, we have grown each year in market share since opening our flagship saleroom in Chicago. What began as a regional auction house has developed into an international operation with over one hundred employees and six auction facilities in Chicago, Denver, Milwaukee, Naples, Palm Beach and St. Louis.

We offer buyers and sellers access to the global fine art market while honoring core values of unparalleled accessibility and personal client service. Our firm’s global reach, strong market position and online presence provide the exposure needed to promote rare and important collections at auction. Leslie Hindman Auctioneers devotes significant marketing resources to clients and ensures that our team of trusted professionals support their specific needs.

Our strength has always been in offering trust and estate professionals, private collectors and institutions a comprehensive suite of appraisal and auction services. Leslie Hindman Auctioneers’ exemplary reputation has led to the handling and disposition of many prominent estates and collections from distinguished institutions, corporations and private individuals.

Our staff of seasoned professionals seek to secure the most sought-after consignments across numerous collecting categories. Leslie Hindman Auctioneers’ departments include, but are not limited to, Important Jewelry and Timepieces, Post War and Contemporary Art, American and European Paintings, Drawings and Prints, Asian Works of Art, Fine Furniture and Decorative Arts, 20th Century Design, Fine Books and Manuscripts, American Indian Art and Artifacts, Western Paintings, Luxury Accessories, Vintage Fashion and more.

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Property from the collection of Carol H. and Richard M. Levin Kansas City, Missouri Thomas Hart Benton, Discussion, 1967 Sold for $1,052,500 in May 2015

appraisal services Leslie Hindman Auctioneers provides executors, fiduciaries and beneficiaries throughout the country with confidential, customized appraisals and disposition services. All appraisals are prepared fully in accordance with USPAP guidelines and meet all current requirements set forth by the IRS. Professional appraisals are prepared for the following purposes: • Estate Tax • Gift Tax • Charitable Contribution • Insurance • Appraisals for Corporate Valuation Needs Our exceptional team of specialists regularly appraise and market property by analyzing current trends and conducting comprehensive research. Specialists evaluate thousands of objects each year for auction, allowing them to closely monitor the nuances of the current market.

Our Trust and Estates department recognizes that each client and appraisal situation is unique and often involves multiple asset categories and residences. In addition, our services are tailored to meet our clients’ timelines and specifications.

Efficiency and effectiveness from initial walk-through to the delivery of the final documents is a top priority.

Fees for appraisals are determined by the number of specialist hours involved and the necessary travel and expenses. Our fees are negotiated based upon the express needs of each client and are competitive within the marketplace.

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valuation services Estate settlement is a meticulous and multi-faceted process. Leslie Hindman Auctioneers is a resource to assist in the disbursement of tangible assets.

Our Trust and Estates department works closely with fiduciaries to coordinate the valuation and sale of personal property from large estates and important collections. Leslie Hindman Auctioneers recognizes that one of the essential roles of a fiduciary or beneficiary is determining the proper asset valuation in order to ensure that property is appropriately maintained, reported or sold in a manner that fully maximizes value.

Our specialists offer complimentary walk-through services with the goal of providing an accurate representation of each items’ value based on the current auction market. A detailed proposal outlining the manner in which a sale will be conducted from the initial value assessment to removal of the property and settlement is provided to all parties involved.

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auction services Selling at auction is an effective method for realizing the maximum value of unique and rare assets.

The market for important objects is focused. It is essential that property be offered for sale in a forum that reaches the optimal bidders through personal outreach, marketing and publicity.

Our firm will work closely with consignors to present a customized marketing plan and competitive fee structure applicable to each particular consignment.

Commission and fees are dependent upon the ultimate scope and value of property consigned.

Additional services offered for the consignment process include a dedicated account executive, coordination of professional packing and shipping, insurance and photography.

Leslie Hindman Auctioneers works with a number of significant collections throughout each auction season, continually achieving strong prices realized for all consignments.

LHX | LH Exchange LH Exchange (LHX) was launched by Leslie Hindman Auctioneers as a convenient “buy-it-now� online marketplace to connect sellers and buyers. The platform offers our clients a simple approach to selling their items online through a trusted company.

It also provides collectors and design enthusiasts the ability to make immediate purchases at a fixed price.

LHX allows one leading team to handle the entirety of a collection across many categories both inside and outside of the auction model. LHX provides trusts, estates and private collectors with an additional platform for buying and selling property with Leslie Hindman Auctioneers.

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Marketing The key component to ensure that important objects realize their maximum potential lies in a customized and integrated marketing campaign. Our specialists work closely with important collectors, dealers and institutions on an international level to maximize interest and encourage competitive bidding among potential buyers.

Advertising Leslie Hindman Auctioneers develops targeted advertising campaigns designed to attract the most relevant buyers for each consignment. Advertising campaigns are focused on major metropolitan areas such as New York, Chicago, Los Angeles, London and Hong Kong while utilizing our relationships with local and industry outlets. Clients will find their property advertised in national and international publications as well as local and regional business journals, newspapers and online entities.

Publicity Leslie Hindman Auctioneers regularly secures national and local press in key markets unique to each collection. In addition to broad and ongoing coverage in industry and local outlets, we actively draw major media spots in print, broadcast, online and radio around specialized auctions or topics of interest in specific categories.

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Property from the Collection of Carol H. and Richard M. Levin, Kansas City, Missouri

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Fine Jewelry and Timepieces

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Property from the Estate of Lilly Pulitzer, Palm Beach, Florida

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Digital Marketing All auctions are conducted simultaneously on multiple live, online bidding platforms, including LHLive and Bidsquare. Additional industry and international partnerships allow us to strategically reach millions of bidders worldwide.

Notably, our online presence has grown significantly to reach buyers in Asia, Europe and the Middle East. Many of our auctions see nearly half of sales occurring internationally and online.

Catalogue Each consignment we handle benefits from an exhibition style catalogue that is distributed to hundreds of targeted contacts. Our mailing list provides access to tens of thousands of interested buyers, including private collectors, institutions and dealers around the world. All catalogues are also published on our highly trafficked website.

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Consignments are regularly highlighted in newsletters to an email list with an open rate significantly higher than the industry average.

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Fine Jewelry

Prior to each auction, Leslie Hindman Auctioneers hosts an exhibition and a series of special events, promoting consignments to our network of potential buyers and industry partners. These exhibitions and events often coincide with national art fairs and notable civic, philanthropic and corporate occasions.

Interested parties have the opportunity to view the property in an intimate setting, request condition reports and discuss the items with specialists and department heads.

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Property from the Estate of of Lars Harold K. Hill Property from the private collection Bolander and McKinley & Hill Antiques Palm Beach, Florida, March 2015

important estates and collections Leslie Hindman Auctioneers regularly handles significant estates from around the country including property from the estates and collections of Oprah Winfrey, Leona Helmsley, John Belushi, David Stickelber, Lilly Pulitzer, Arthur Rubloff, Mrs. Robert R. McCormick, the Potter Palmer families, Reid I. Martin, Mary Porter, Gerard Cafesjian, William E. Benjamin II, Marvin and Margaret Katz, Elizabeth Cheney, Dr. Paul J. Vignos, Jr., Barbara Miller Anton, Ralph Esmerian and the Gore Family Memorial Foundation Trust, among many others.

Our firm has also handled numerous highly visible special event auctions including the sale of memorabilia from the historic Comiskey Park, the former home of the Chicago White Sox, and the Chicago Stadium, the former home of the Chicago Bulls and Chicago Blackhawks. Both auctions were held at the legendary stadiums with an audience of thousands of bidders. Leslie Hindman Auctioneers also offered key property from the Caribou Ranch and Recording Studio, which served as an artistic haven for significant recording artists such as Elton John, Michael Jackson, The Beach Boys and many others.

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Property from the estate of Lilly Pulitzer Palm Beach, Florida, February 2014

PROPERTY FROM THE OPRAH WINFREY COLLECTIONS On April 25, 2015, Leslie Hindman Auctioneers conducted the auction of Property from the Oprah Winfrey Collections. The sale consisted of property from Ms. Winfrey’s Water Tower apartment in Chicago including English, French and Continental furniture and decorative arts, paintings, prints, drawings, porcelain, crystal, silver, memorabilia, clothing and accessories. For the global icon, bidders came out in droves with nearly 800 participants from 10 countries participating online. The Chicago saleroom hosted collectors and fans of Ms. Winfrey from across the country. With a surge of media attention, the auction grossed over $800,000 for 550 lots. Proceeds from the auction went to benefit The Oprah Winfrey Leadership Academy Foundation, supporting the continued education of students from the Oprah Winfrey Leadership Academy for Girls, South Africa.

CARIBOU RANCH AND STUDIO MEMORABILIA Music fans packed the Denver Design Center on January 24, 2015, vying for the chance to own a piece of music history from The Caribou Ranch and Studio Memorabilia Auction conducted by Leslie Hindman Auctioneers.

Caribou Ranch was a recording studio in the 1970s and 80s that hosted over 178 musicians during its tenure which produced 45 top ten albums, 18 Grammys and 20 number-one Billboard Hits. Caribou Ranch was enjoyed by the likes of Elton John, Billy Joel, Jeff Beck, The Beach Boys, Frank Zappa, Stephen Stills, Willie Nelson, Earth, Wind & Fire, Chicago and many others. The auction drew over 1,500 bidders. Studio instruments led the sale including the mahogany Steinway & Sons grand piano used while recording almost all of Elton John’s Caribou album, including “Don’t Let the Sun Go Down on Me.” The piano sold for $112,500 against a pre-sale estimate of $10,000-15,000.

PROPERTY FROM THE ESTATE OF LILLY PULITZER The Palm Beach saleroom of Leslie Hindman Auctioneers handled property from the estate of Lilly Pulitzer on February 22, 2014. The sale exemplified Lilly Pulitzer’s chic style, including fanciful furniture, fine art and decorative objects. With a 100% sell-through rate, many lots tripled and quadrupled their pre-sale estimates. Fans flew in from all over the country to own a piece of Palm Beach history. Arguably one of Palm Beach’s most famous residents, Leslie Hindman Auctioneers was thrilled to coordinate the sale and celebrate the legacy of the iconic fashion designer by paying homage to her taste and giving collectors the opportunity to do so, too.

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Regional salerooms With regional salerooms located around the country, Leslie Hindman Auctioneers is well-positioned to provide clients with a full suite of services. These auction facilities are strategically situated in Denver, Milwaukee, Naples, Palm Beach and St. Louis.

As full-service auction houses, regional salerooms assist in every aspect of estate valuation and settlement. Each location conducts three auctions per year with the opportunity to send property to Chicago. Regional offices work closely with our national team of specialists to coordinate special events and appraisal days that increase exposure in local markets. The regional offices are both a local resource for clients as well as a platform for sales that benefit from a particular geographic location.

Each consignor can expect the same level of service when seeking valuation or auction services whether their property is being sold in a local saleroom or in Chicago. Many notable and successful estates and collections have been brought to auction at Leslie Hindman Auctioneers by regional representatives, including that of Lilly Pulitzer, Gerard Cafesjian, Lars Bolander and Adele Bloom, as well as such institutions as Caribou Ranch and Recording Studio and the Brown Shoe Company.

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Property from the Toledo Museum of Art A Louis XV gilt bronze mounted ebony commode Sold for $128,500 in April 2015

Museum Services Leslie Hindman Auctioneers has been privileged to work with many important museums and institutions throughout the country. Our firm is committed to achieving the highest levels of success for our institutional clients, whether assisting with valuations, consignments or providing advice on acquisitions.

Appraisal and consulting services are offered to museums and institutions at little or no cost, for the purposes of insurance, charitable contribution, gift tax and fair market value, as well as acquisitions and collection management. Each museum and institutional client receives unparalleled access to a dedicated team of specialists who will maximize the sale potential of a single item or an entire collection.

Leslie Hindman Auctioneers specialists regularly participate as panelists, charity auctioneers, and speakers at special events, art fairs and conferences around the country. We host tours and museum groups in all of our auction facilities.

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A platinum, 18 karat yellow gold, fancy yellow diamond and diamond ring Sold for $170,500 in April 2013 A platinum, pink sapphire and diamond ring, Oscar Heyman Brothers Sold for $74,500 in April 2013

chicago 1338 west lake street chicago, ILlinois 60607 312.280.1212

denver 960 cherokee street denver, colorado 80204 303.825.1855

milwaukee 525 east chicago street milwaukee, wisconsin 53202 414.220.9200

naples 850 6th avenue south naples, florida 34102 239.643.4448

Palm Beach 324 Royal Palm Way Palm Beach, Florida 33480 1608 South Dixie Highway West Palm Beach, Florida 33401 561.833.8053

St. Louis 32 North Brentwood Boulevard Clayton, Missouri 63105 314.833.0833

L E S L I E H I N D M A N AUC T I ON E E R S 1338 West Lake Street Chicago, Illinois 60607 | ph 312.280.1212 | fx 312.280.1211 | lesliehindman.com