Trusts, Estates & Private Clients Quarterly, Q4 2023

Page 1

FINE ART AUCTION HOUSE

Trusts, Estates & Private Clients

Quarterly Update Q4 2023

Auctions Private Sales Advisory Appraisals Museum Services

Hindman Looks Ahead to an Exciting Fall and Winter Season As appraisers and auctioneers, we are no strangers to making interesting discoveries throughout the estate settlement process. Finding secret rooms, long lost jewelry, stashed cash, a $1.43m Van Gogh painting (true story)—our team knows to keep a watchful eye out for tangible personal property that has been previously overlooked or thought to have been lost. By now you have likely heard the story related to Aretha Franklin’s will. In 2018 the “Queen of Soul” passed away at the age of 76. Despite her estimated $80 million estate, she died intestate. However, in 2019 following the discovery of not one, but two handwritten wills—one found in a notebook between her couch cushions—a legal battle ensued between her heirs about the validity of each will. While it might be shocking to some people to find a legal document under the cushions of a favorite couch, at Hindman, our specialists make it their practice to not only look in the most likely places, but their trained eyes are always on the lookout for secret compartments. For example, Hindman’s Director of Arms, Armor & Militaria, Tim Carey, once found a last will and testament in the grip panel of a 1901 Colt revolver instructing that the piece should be left to a relative out west. A copy of your will or other important legal documents should be safeguarded but easily accessible. Rest assured, anything discovered by our specialists is returned to our consignors, but best not to leave these instructions in a secret compartment, or under a couch cushion, for that matter. In this issue, we look ahead to our fall season of sales, many of which include incredible collections and estates. With our inaugural season of auctions in New York this October, we’ve now opened our doors in SoHo. A beautiful landmarked building, 21 Greene Street is located near distinguished artworld institutions Jeffrey Deitch and the Judd Foundation. I’ll be keeping an eye on the three New York single-owner sales we highlight later on, especially the Glen de Vries watch collection as an aviation fan, myself. Also, take a look at Beyond a Cincinnati Legacy: The Collection of Mr. and Mrs. Charles Fleischmann III, which will be held in our Cincinnati saleroom. Plus, we explore the growing popularity of Hindman’s Sports Memorabilia department. There is an impressive single-owner sale of

An Important Kashmir Unheated Sapphire and Diamond Ring Property from the Collection of Marguerite Hark, Chicago, Illinois and Surfside, Florida

signed baseballs coming up this fall. Even though the Cubs didn’t make the playoffs this year, I’m looking forward to the MLB postseason and this baseball auction. The December Important Jewelry auction includes this amazing Kashmir Unheated Sapphire and Diamond Ring, pictured here, from the Estate of Marguerite Hark. Her collection, along with property from the Estate of Dorothy M. Press, represents the pinnacle of jewelry collecting in my mind. It’s been great to see some of you at the ACTEC Rocky Mountain and Mid-Atlantic meetings, and at Notre Dame this past month. For those of you headed to the ACTEC Fall Meeting, Jay Krehbiel, Alyssa Quinlan, Maura Ross, Vaughn Smith, and I look forward to seeing you in Louisville. Until then, wishing you a wonderful year end!

Molly E. Gron, J.D. Managing Director Trusts, Estates & Private Clients


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.