22,395 piece raw brazilian tourmaline crucifix rare family heirloom raw gem encrusted statue of Jesus Start Price USD 16,000.00 Current Price USD 16,000.00 Time Left - Bid Count 0 Buy It Now Price USD 60,000.00 Reserve Price - Start Time Tuesday, May 13, 2008 End Time Friday, May 23, 2008 Location Denver, CO See more about ' 22,395 piece raw brazilian tourmaline crucifix ' Description This is a one of a kind piece of art that has been in my family for 5 generations. (so far thats as far as I've traced it back). I've had it myself for about 10 years. Whoever gets this will be very very lucky!  I had it checked out at a couple gem shows and everyone who's seen it is mesmerized with its beauty and the detail and time it must have taken to assemble it. the material in tourmaline alone is between $3.00- $100.00 per piece depending on its rarity and color , & there are 22,395 tourmaline cemented to a large piece of quartz.  It is a large chunk of quartz crystal (or maybe some other mineral not to sure) carved into the body of Jesus and stands 23" tall & his arms spread 17" and his body is about 3.5" wide. and the tourmaline cemented to this statue are mainly green and pink but there are many different colors on it from: aqua, white, yellow, blue, black, brown, orange, purple, dark pink, bi- colored blue/green, pink/green, and even a tri-colored one on the back- blue/green/yellow! the time and detail put into this crucifix is unimaginable and you wouldn't believe it unless you saw it yourself. If you are interest in this email me and i will forward more detailed pictures to you so you can see just how impressive this one of a kind piece of art is! I had the piece appraised by an American Society of Appraisers professional appraiser And the appraisal came to $68,500. I have attached a copy of that appraisal to this posting and will send the original with the statue. If interested in purchasing this item and have the winning bid I will need to be contacted for the exchange of the art and money to prevent any confusion or loss on either side. I want to make sure whoever purchases it gets it in its current condition (which is very very good)and I also want to make sure the method of payment goes through successfully. Contact Damien 303-883-7741Appraisal ReportWith Regard To:An original Diety Sculpture made of Tourmaline - by UnknownEffective Date: July 30th, 2007Purpose: Replacement ValueIntended Use: Insurance PurposesReplacement Value: $68,500.00Prepared for: Damien PosadasPrepared By: Richard Burmood2363 W. 18th Ave.Westminster, CO 80234303.918.6597American Society of AppraisersCandidate MemberPAGE-1Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comTABLE OF CONTENTSTitle Page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 1Table of Contents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 2Letter of Transmittal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 3Approach to Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 4Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 4Intended Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 4Definition of Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 4Description of Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 5Comparables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 6Importance of Art . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 7-9Discussion of the Market Place . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 10Qualifications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 11Photograph of Art Work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 12Certification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 13Liabilities/Limiting Conditions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 14Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 15Credentials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 16PAGE-2Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comJuly 21st, 2007Damien PosadasDear Mr. Posadas,This self contained appraisal report has been completed for Damien Posadas, and thepurpose is Replacement Value, intended for Insurance Purposes. I inspected the item listedin this report on July 20th, 2007. The effective date for this report is July 30th, 2007.The Item listed has been examined, identified and researched to the best of my ability.the condition is noted; ordinary wear and tear is not noted. The method used in developingthis appraisal estimate is the market data approach, which is explained else wherein the report. I have arrived at this professional opinion of replacement value basedon research, analysis, and my own background and experience. I investigated auctionrecords and art dealers. I reviewed published price guides when available. Where noinformation was available about a particular piece, I relied on comparable items of likekind, quality and similar utility, at current prices, to the item being appraised.This appraisal is subject to the assumptions and limiting conditions cited in this report.This appraisal is written in conformity with the Uniforms Standards of ProfessionalAppraisal Practice (USPAP). I have retained a copy of this appraisal report and the originalnotes from which it was prepared. These records are confidential, and I will not permitaccess to them by anyone without your authorization.Please read carefully the cover letter, description and supporting data, and if you haveany questions please do not hesitate to call. My credentials can be found on page 16 ofthis report. Thank you for this opportunity to be of service.Sincerely,Richard BurmoodAmerican Society of AppraisersCandidate MemberPAGE-3Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comApproach to ValueThe valuation was based on one of three approaches. The cost approach is defined as thereproduction new or replacement cost new of property. I considered the cost approachbut did not use it because the pieces being valued are either limited editions or originalsand cannot be reproduced new. The income approach is defined as the present worth ofanticipated future benefits of owning income producing properties. I also considered theincome approach but did not use it either because these particular pieces of art wouldnot produce additional income. The market comparison approach is defined as estimatingvalue by comparing sales of property similar to the properties being appraised to permitdetailed comparison, estimating value by comparison with properties sold in the relevantmarket with adjustments made for all differences which effect value, such differences incharacteristics of value and time.The market comparison approach was used in preparing this appraisal opinion, and isdeemed the most relevant approach regarding the objects as described in this report.I considered all three approaches and found the market comparison approach was themost representative mode of value for the “most common market” in which comparableworks typically or most often take place. Similarities and differences are analyzed as totheir effect on the subject property in terms of author, style, subject, size, condition, datequality, market trends and particular circumstances. Adjustments are made in regards toany or all of these differences. The estimate of value is produced by treating the statisticalreports of the public auctions of comparable works as either wholesale or retail, dependingon the market trends on date of sale. These values are then adjusted for premiums,costs, taxes, and retail market requirements.Purpose - Intended Use - Definition of ValueThe purpose of this appraisal is to estimate Replacement Value. Its intended use is limitedto Insurance Purposes for Damien Posadas. The definition for Replacement Value is theprice in terms of cash or other precisely revealed terms that would be required to replacea property with another of similar age, quality, origin, appearance and condition within areasonable length of time in an appropriate and relevant market. Unless otherwise noted,this definition assumes that the items being appraised can not be substituted new withan exact duplicate. The age, condition, quality, style and type of the items are all used indetermining the type of market used for evaluation.PAGE-4Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comDescription of PropertyDiety Sculpture composed of Tourmaline (Brazilian)Circa 1900Tourmaline, Quartz“Unknown artist”16 3/4”w x 23 3/4”hCondition for sculpture: GoodProvenance: Passed down through the Posadas family for (5) generations, great grandmabrought it from Italy about 1930.Replacement Value: $68,500.00NOTE:ITEM CONDITIONBecause item condition is a heavily weighted factor in the determination of value, the appraiser has included anindication of condition for each item. The conditions are defined as:EXCELLENT Like new, no restoration needed .GOOD Typical for its type and age with normal wear and tear.POOR Restoration is needed and would greatly enhance its present value unlesscost would exceed value.PAGE-5Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comComparables:Retail GalleriesBlue Dolphin Antiques Original glass Sculpture virgin & Child164 Atlantic Hwy Woman & Child figureNorthport, Maine 13.5” x 3.5”t. 207.338.3860 $5,300Blue Dolphin Antiques Original Stone & Bronze Sculpture164 Atlantic Hwy Woman figureNorthport, Maine 10” x 7.5”t. 207.338.3860 $14,500One of a Kind Antiques and Art 19th c. wood sculpture of Jesus36D Plains Road Handcarved statueEssex, CT 16 .25” x 8.25”t. 860.767.2150 $10,500Antiquing with Pamela 19th c. Italian Marble FountainP.O. Box 1835 Handcarved Charib FaceAllen, TX 19.75” x 29.25”t. 214.803.6853 $30,000Auction GalleriesSotheby’s Original Ivory & Bronze34-35 Bond Street “Danseuse A La Pomme”United Kingdom, W1A 2AA 36.25”t. 0207.293.5000 f. 0207.293.5989 $96,500Dawson & Nye Auctioneers Original Stone Sculpture128 American Road “Man reading book”Morris Plains, NJ 07950 3 1/2” x 3 1/4”t. 973.984.6900 f. 973.984.6956 $50,000PAGE-6Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comThe Importance of the SculptureThe sculpture of Jesus is made up of 22,395 pieces of tourmaline, 500 of which are ofexcellent quality. Each piece of tourmaline has been meticulously placed to create shapeand detail. It is not exactly known what the pieces of tourmaline are affixed to but it isbelieved to be quartz crystal. The assumption comes from the fact that the large areadepicting the face of Jesus and the small areas where the tourmaline have fallen from,under the arm and on the back of the foot, expose the quartz crystal.Tourmaline is a mineral that is complex in nature. Due to this complexity, it exhibitsmore range of color than any other mineral or gem (its closest competitor is corundum[sapphire/ruby]). A silicate mineral of reasonable hardness (approx. 7-7 1/2), the crystalform is hexagonal, but is most often seen as crystals of bulging triangular cross-section,with striations running the length of the crystals. If the crystals are doubly-terminated,usually one end will exhibit a predominately flat or basal termination, the other witha point (pedion termination faces). The crystals can grow stubby, but most often areelongated or pencil shaped.The piece in this report appears to be at least 100 years old, probably made around thelate 1800’s or early 1900’s. The assumption is made from the provenance, the fact thatthe piece has been in the family for at least five generations. Further more it is assumed tohave come from Brazil with whom the artist had direct access to the tourmaline that thesculpture is made from. This information comes from a certified gemologist and familymember to one of the major mines in Brazil, Sant, Brazil Exports Unlimited.Some of the many places good gem tourmaline has come from: the state of Minas Gerais,Brazil (all colors) is still the largest producer today. If you ever get a chance to read aboutthe huge find of enormous cranberry rubellites at the Jonas Mine near Itatiaia, do so. It’s avery fascinating story; Afghanistan (beautiful greens and blues, some pinks); Nigeria (largereds and pinks, greens); Madagascar, Mozambique, Zambia and many of the southernAfrican countries (all colors); Namibia has produced some beautiful blues, teals, andreds in recent years; Tanzania has produced gem dravite: “pumpkin” orange, light green,yellow, and true chrome; Russia, China, Viet Nam, India, and Sri Lanka have producedminor amounts.The different colors have sometimes been given identifying names of their own: indicolitefor blue, rubellite for red, achroite for colorless, and sometimes the green is referred to asverdelite. Authorities occasionally get into a dispute over what actual color tones comprisethese varieties. For example, rubellite originally meant bright red, like a ruby. Eventuallypink tones were referred as rubellite often enough that it became acceptable to someauthorities and not to others. Often colors shade from one hue to another, sometimesblending, sometimes remaining distinct. The color zoning can form both concentricallyand longitudinal. The most common are those having a pink or red core and a green skin.They were nicknamed “watermelon” tourmaline because of the resemblance of the crosssectionsto a slice of watermelon fruit. Sometimes crystals that started growing as schorlfinished growing as elbaite, especially in pocket zones. These clay-filled bubbles in thegranite formed when the rock was cooling, and contained the space necessary for gemcrystals to form. If no pockets were present, the mineral is usually cracked and included(“frozen” into the quartz, feldspar, or mica) and most often not suitable for gemstones. Thepocket material, on the other hand, is usually transparent, and sometimes “flawless”. Thepockets can also contain other exciting crystals and gems in addition to the tourmalines.As a matter of fact, gem pockets don’t have to include tourmalines at all. Other gemsfound there can be beryls (aquamarines, heliodors, or most often morganites), topazes,apatites, smoky quartzes, lepidolite mica, spodumenes, and rare minerals such as herderiteor beryllonite. An interesting aspect of the crystallization sequence in pockets mean thatsometimes crystals, although not uncommon in themselves, rarely form in combinations.For example, aquamarines and heliodors (golden beryl) are rarely (if ever) found withelbaite tourmaline, but the pink or peach variety, morganite, is frequently associated.This is because too much iron present forms schorl, not elbaite, yet iron is the primarycoloring agent in aquamarine and heliodor. Another example would be rose quartz, whichalthough fairly common in pegmatites, is rarely found in combination with tourmaline orberyls for some reason. Crystals of schorl or elbaite can occasionally reach three foot longor more, although the average is much smaller. One very rare type of elbaite which hasformed turquoise to electric blues in color, is due to inclusions of copper ions. It has so faronly been found in a couple of mines in the state of Paraiba, Brazil, and is known in thetrade as Paraiba tourmaline. Prices per carat can reach an astounding five figures.If the colors are saturated and bright, they are very desirable and can get rather pricey.The most desirable colors include “Paraiba” blue; indicolite; teal; flawless watermelonsor bicolors; rubellite; pink, especially “hot” pinks; chrome greens; and medium, brightgreens. Like emeralds, moderate inclusions in some of the colors are consideredacceptable, most notably hot pinks. Retail prices usually run from about $40 per caratto about $500 per carat, depending on color, clarity, and size, but can sometimes goconsiderably higher.The craft of sculpting is an age old one and has been around for hundreds of years. TheMayan, Aztecs, and other ancient civilizations were innovators in the use of materialsand design. Modern day sculptures are created using some of these ancient techniquescombined with modern technologies and tools that were not available back then. Most ofthe sculptures that are of any significance are made of stone or bronze. It is very rare tofind one of completely semiprecious stones. If one was to do a “sculpture” in semipreciousstones it would be small and most likely some type of jewelry. That is what makes thepiece in this report unique and original.PAGE-7Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comOther significances of tourmalines are said to enhance one’s understanding, increaseself-confidence and amplify one’s psychic energies. They also are said to neutralizenegative energies, dispell fear and grief, and to aid in concentration and communication.Tourmalines are also said to be usefull in relaxing the body and the mind, and to help inthe treatment of infectious diseases, anxiety, blood poisoning, arthritis and heart disease.Metaphysical properties for the specific colors of tourmaline are given below:Black Tourmaline: said to absorb and give protection against negativity from both peopleand electrical & magnetic fields. It is also said to sharpen one’s wits, to enhance vitalityand to give emotional stability. Blue Tourmaline: said to enhance one’s communicationskills, intuition and spiritual perspective. Green Tourmaline: said to give success,prosperity and peacefull sleep. Pink-Red-Purple Tourmaline: Said to inspire love,spirituality and creativity, and to give wisdom and enhance one’s willpower.Watermelon Tourmaline: said to be very effective in helping one to recover fromemotional problems. Also all the properties of pink & green tourmalines.To determine current replacement value for this tourmaline sculpture, using the marketcomparison approach, comparable items were priced after viewing current selling priceguides, auction records, and values associated with semiprecious stones, and or significant19th century sculptures, with like condition, size, medium and desirability.Using this research explained in the narrative, the accompanying data and assumptionthat the work being estimated is an original sculpture made of quartz crystal and tourmaline,I estimate the replacement value for insurance purposes for the piece listed to be$68,500.00.NOTE:ITEM CONDITIONBecause item condition is a heavily weighted factor in the determination of value, the appraiserhas included an indication of condition for each item. The conditions are definedas:EXCELLENT Like new, no restoration needed .GOOD Typical for its type and age with normal wear and tear.POOR Restoration is needed and would greatly enhance its present value unlesscost would exceed value.PAGE-8Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comPAGE-9Discussion of the Market PlaceVarious things effect the value of a piece of art. The things I considered in assessing myvaluation of the tourmaline sculpture of Jesus, are the prices being paid at auction forunique sculptures, the various gallery and wholesale prices of semiprecious stone tourmalinepieces and the quality and condition of the sculpture. I looked at several pieces thathave been auctioned in the last three years through some of the more established auctionhouses, Christies, Sotheby’s and a few in London. I estimated the number of pieces of tourmalinethat is on the sculpture and divided that by the wholesale price, plus or minus, forquality of stone, on which I consulted with an expert gemologist at Hurdles Jewelery storein Boulder Colorado, and Paul Gerstenberg, an expert diamond and semiprecious stonedealer from Hawaii. I also used a ranking system of other unique sculptures of similar age,condition, complexity and desirability and determined this piece ranked in the upper 20%of that ranking.In addition I took into consideration the state of the economy at the time of the valuation.It seems investors have a desire to diversify their portfolios and in many cases have includedworks of art. This shift in investment needs has driven the price up for many unique fineart pieces. The various auction houses are experiencing record sales for items such as theone in this valuation.Sources of DataHurdles Jewelery One of a Kind Antiques and Art Blue Dolphin Antiques1402 Pearl st. 36D Plains Road 164 Atlantic HwyBoulder, CO Essex, CT Northport, MaineKeith Hurdle Kate Lawler Peter303.443.1084 860.767.2150 207.338.3860Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comAppraisers QualificationsRichard BurmoodHolds a BFA from the Art Institute of Southern California. He has 18 years of knowledge and experience selling, evaluatingand researching contemporary and modern fine art. Own and operate Boulder Gallery Fne Arts and Master PieceFine Art Appraisals . Performs written and verbal appraisal research, development, and report writing for various customerswithin the fine art market. Studied in the U.S., various techniques of valuation, estimating, research, and report writingas it pertains to the appraisal process, specializing in fine art.Selected BibliographyArtful Ownership, Aaron M. MilradAmerican Society of Appraisers. A Handbook on the Appraisal of Personal Property.Appraisal Standards Board. Uniform Standards of Professional Appraisal Practice 2001.Washington, D.C. American Appraisers, 1994Washington Park Profile, Denver, CO, 2006Websiteshttp://www.Antique_central.comhttp://www.artfact.comhttp://www.artline.comhttp://www.artnet.comhttp://www.artprice.comhttp://www.askart.comhttp://www.exquisitecrystals.comhttp://www.exoticindiaart.comhttp://www.rubylane.comhttp://www.spaightwoodgalleries.comhttp://www.trocadaro.comPAGE-10Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comPhotograph of ArtworkTitle: “Unknown”Artist: UnknownRegion: Brazil, Circa 1900Medium: Tourmaline, Quartz Crystal, 16.75”w x 23.75”hEstimated Fair Market Value: $ 68,500.00Original hand made multi-colored tourmaline mosaic sculpture of Jesus in crusifictionpose. Both arms and legs outstretched with redish colored tourmaline indicating stigmataon hands and feet, head leaning to one side with face comprised of solid quartz crystal,loin cloth made from pink tourmaline, rest of body multi-colored tourmaline, Base ofsculpture maybe solid piece of quartz crystal.Some missing pieces from back left foot aprox 1” surface, and under left arm Aprox. 2.5”surface, otherwise condition is very good for age.PAGE-11Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comCertificationI certify that, to the best of my knowledge and belief;• The statements of fact contained in this report are true and correct.• The reported analysis, opinions, and conclusions are limited only by the reportedassumptions and limiting conditions and are my personal, impartial, and unbiased professionalanalysis, opinions, and conclusions. I have no present or perspective interest in theproperty that is the subject of this report and no personal interest with respect to the partiesinvolved.• I have no bias with respect to the property that is the subject of this report or to theparties involved with this assignment.• My engagement in this assignment was not contingent upon developing or reportingpredetermined results.• My compensation for completing this assignment is not contingent upon developmentor reporting of a predetermined value or direction in value that favors the cause ofthe client, the amount of the value opinion, the attainment of a stipulated result, or theoccurrence of a subsequent event directly related to the intended use of this appraisal.• My analysis, opinions and conclusions, were developed, and this report has beenprepared, in conformity with the Uniform Standards of Professional Appraisal Practice.• No one other than my research staff provided significant professional assistance, unlessnoted.––––––––––––––––––Richard BurmoodAmerican Society of AppraisersCandidate MemberPAGE-12Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comLiabilitiesBecause art appraisal and evaluation is not a pure science and is therefore subjective, estimatesof value may vary from one appraiser to another and such variance does not necessarilyconstitute error on the part of the appraiser. I have no past present or future interestin the subject property. This appraisal is based only on the identity described within of thesubject property appraised and no further opinion or guarantee of authenticity, genuinenessor attribution is made. In the preparation of this report, the appraiser has consulted avariety of sources which are documented in the report or available in the appraiser’s files.These sources are assumed to be reliable and accurate; however, the appraiser takes noresponsibility for errors or omissions contained within them. Normal fluctuations in theart market may effect the values stated in the report after the effective date. Possession ofthis appraisal or any copy does not carry with it the right of publication, without the writtenconsent of the appraiser, nor may the same be used for any purpose by anyone but thenamed individuals, without the previous consent of the appraiser, and in any event, onlyin its entirety, and with the qualification and cover letter. No change on any piece in theappraisal report shall be made by anyone other than the appraiser, and the appraiser shallhave no responsibility for any such unauthorized change. This report in its entirety or anypart thereof, including the identity of the appraiser, or his firm, shall not be made public,through advertising, public relations, news releases, sales or other distribution or informationmedia, without the written consent of the appraiser.Limiting ConditionsAll observations in this report and subsequent appraisals are subject to the physical andvisual limitations as set forth by the client. This includes but is not limited to framedartwork, sculpture or objects locked in glass cases and works of art mounted to boardor lined where a portion of the subject is not visually adequate. As an appraiser, I am anidentifier of the subject and do not perform chemical or scientific testing. In the event thatthe appraiser is required to testify at any hearing, court proceeding or arbitration, or communicatein this matter to any third party, the appraiser shall be compensated based onhis standard fees for such matters. An appraisal is an informed opinion as to the description,quality and value of an item. This appraisal is written in conformity with the UniformStandards of Appraisal Practice (USPAP). The fee for this appraisal was not based uponpercentage of value nor is this appraisal an offer to buy. The submission of this report concludesthis appraisal assignment.PAGE-13Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comGlossaryAbstract: Non-representational art.Acrylic: Type of paint used to render a piece of art.Auction Houses: A place that objects are sold to the highest bidder.Charcoal: Black fine powder material used to render a piece of art.Comparables: Information gathered on similar or same pieces being researched.Lithograph: Type of printing process that requires different plates to separate the colors inthe image.Medium: Type of materials that are used.Mixed Media: Process using various materials to produce a work of art.Mosaic: A work of art comprised of multiple stones to form an image or sculpture.Oil: Type of paint material used to render a piece of art.Original: One of a kind.Pastel: Chalk like substance used to render a piece of art.Relevant/Common Market: The market in which an appraised property is most likely tobe traded by the parties requesting the appraisal.Rendering: Drawing, or painting an image.Restoration: Repair work in which an item is put back to its original state.Soft Ground Etching: Entaglio technique which stimulates crayon or chalk using a softground pushing the image to the surface.PAGE-14Master Piece Fine Art Appraisalsbdvsdvdsvdvevds2363 W. 118th Avenue • Westmnster CO 80234 • 303.918.6597 • bouldergallery@msn.comRICHARD BURMOOD2363 W. 118th Ave., Westminster, CO 80234 - 303.918.6597Education B.F.A. Art Institute of Southern California Laguna Beach, CAMajor: Advertising and Design2000 - American Society of Appraisers, PPGJ201, PPGJ2022001 - American Society of Appraisers, PPGJ203, PPGJ2042002 - American Society of Appraisers, Uniform Standards of ProfessionalAppraisal Practice (USPAP)Experience BOULDER GALLERY ARTCYCLE 1997-PresentOwner Boulder, CODisplay, promote & sell over 24 fine artists art work. Publish several artist, promoting theirworks to other galleries & dealers throughout the country. Write and demonstrate theappraisal process as it pertains to the Uniform Standards of professional Appraisal Practice(USPAP). Since my purchase of the gallery in 1997, we have enjoyed a 50% increase insales and a 23% profit margin. We have expanded from a 1800 sq. ft. gallery into a modern3500 sq.ft. gallery. We employ 5 employees and several outside consultants from accounting to art brokering. We also maintain a full e-commerce web site.STERI-OSS, A BAUSCH & LOMB COMPANY 1992-97Advertising Manager Yorba Linda, CADeveloped all areas of advertising media from concept to final production using currentcomputer hardware and software programs, including Quark, Photoshop, Illustrator andDirector. Managed staff and freelance artists in producing cutting edge advertising &marketing materials. Developed and maintained a departmental budget. Located andnegotiated all printing, pre-press, audio visual, photography and multi-media vendors.Created and maintained a presence on the internet. Worked in conjunction with alldepartments to develop and execute departmental procedures that would comply with TheFDA and ISO9001 rules and regulations.McCOY PUBLISHING 1990-92Marketing Manager Laguna Hills, CADeveloped a sales and marketing plan promoting and distributing fine art pieces towholesale and retail markets. Increased sales through quarterly promotions, nationaladvertising and tradeshow generated contacts. Worked within a budget establishinga 30% annual growth. Prepared monthly and quarterly reports tracking profit margins andsales trends.WYLAND GALLERIES 1985-90Gallery Manager Laguna Hills, CAExecuted day-to-day gallery operations. In charge of 8 full time and 6 part-time employees.Initiated weekly sales meetings establishing customer objections and developed strategies toovercome these objections. Balanced daily receipts with orders written. Followed up on allspecial orders making sure the specifics were carried out exceeding the customersexpectations. Prepared weekly and monthly sales reports tracking sales. Helped to developnew marketing programs that would increase sales.Memberships:American Society of Appraisers, Candidate Member - Boulder Colors Place a Bid!