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10:00 a.m. - 12:15 p.m.
Multi-Discipline General Session
Professor Fuller's presentation will focus on the recovery and expansion global economy, and how it is likely to play out in 2012 and 2013. It is also our understanding that this presentation will provide an overview and a focus on the appraisal industry.
Stephen S. Fuller, Ph.D., Dwight Scholar, Faculty Chair and University Professor, George Mason University

1:15 p.m. - 2:15 p.m.
Matrimonial Law (Gems and Jewelry)
This educational session is an overview of the divorce process from a potential client's first interview to conclusion, with discussion of the possible alternatives: negotiation, mediation, collaborative law, arbitration and litigation; and the role of the appraiser in the process, looking primarily at tangible personal property, marital and non-marital, and the use of various kinds of appraisals.
Armin U. Kuder, Attorney, Kuder, Smollar & Friedman, P.C.

1:30 p.m. - 2:30 p.m.
Joint Discipline Keynote Address Featuring Vincent A. Cianci (Machinery & Technical Specialties)
During his address, Mr. Cianci will discuss the political landscape, past, present and future. He will also discuss today's economy and issues, and what it takes to bring rebirth and revitilization into a city and state.
The Honorable Vincent A. Cianci, Former Mayor of Providence, Rhode Island

1:30 p.m. - 2:30 p.m.
Interpreting the Data: EBay and the Art of Vetting in a Global E-Market (Personal Property)
Catch up on the latest scams and issues affecting consumers buying art on the internet. Since 2004, Tony Pernicone, ASA, and Laurie Triplette, ASA, have participated on a team of art specialists advising eBay on how to establish "open marketplace platform" guidlines and standards for sellers of art. They have encountered deliberate fraudsters, inadvertent bad guys, and naive sellers - all out to get would-be collectors' money.
Laurance D. Triplette, ASA, Principal, Laurance Triplette, LLC
Tony Pernicone, ASA, Owner, Avanti Fine Arts, Dealers, Appraisers and Auctioneers

1:30 p.m. - 5:30 p.m.
A Review and Analysis of the Income Approach to Valuation (Real Property)
During this session, attendees will become more comfortable with the Income Approach to value. Attendees will learn the difference between direct capitalization and yield capitalization, and when to apply each method. Attendees will learn how to calculate an overall rate to use in an Income Approach to valuation, and attendees will learn how to compare and analyze rates of return, and their effect on property value.
Ernest A. Demba, FASA, Demba Valuation Services, LLC

2:15 p.m. - 3:15 p.m.
Testifying as an Expert Before Expert Neutrals in Securities and Valuation Cases (Business Valuation)
When providing expert testimony before juries and judges, expert witnesses must often educate triers of fact regarding fundamental valuation and financial concepts. In these arenas, effective, persuasive testimony is often a function of keeping that testimony simple and, most importantly, understandable. However, when presenting testimony before arbitrators and mediators that are themselves experts in the valuation and finance, how is effective testimony assessed? This session will explore how to present expert testimony effectively when appearing before an expert arbitral panel or mediator.
Arnold M. Tesh, CRE, FRICS, Senior Vice President, FTI Consulting

2:30 p.m. - 3:30 p.m.
Watch Appraisals (Gems and Jewelry)
This educational session will provide a basic background and knowledge of watch movements, which leads to a discussion of valuation of wristwatches and pocket watches. This session will help attendees understand the significant difference between why two similar looking watches have vastly different appraisal values. Finally, this session will provide on-line resources for helping to value timepieces.
Doug Escribano, Watches Specialist, Christie's

2:30 p.m. - 3:30 p.m.
Identifying Furniture Fakes (Personal Property)
Dr. Oscar Fitzgerald will speak to the problems and issues surrounding the identification of fakes and frauds in antique furniture. Oscar Fitzgerald is author of Three Centuries of American Furniture (Prentice Hall, 1982). A historian with broad interests, Dr. Fitzgerald is the Director of the Navy Memorial Museum in Washington, DC. He received his Ph.D. in American, European, and Far Eastern history from Georgetown University and is an avid collector of American furniture of the Queen Anne and Chippendale periods. He is active in historic preservation as well as a member of the Alexandria Archaeological Commission and the Alexandria Antiques Forum Committee.
Oscar P. Fitzgerald, Ph.D., Smithsonian/Corcoran Masters Program in the History of Decorative Arts

3:15 p.m. - 4:15 p.m.
Trusted Cyber Solutions (Business Valuation)
In recent years the military has recognized the pressing need to reorient its thinking about cyber operations and security in order to avoid continuous "ad hoc" approaches in utilizing this new capability. A crucial first step to rationalizing this approach was seeing "Cyber" as a new operational domain, added to Air, Land, Space, and Maritime. Cyber may be unique as the only "man-made" domain, but when treated as an operational domain, existing models of organization, training and employment emerge. The growth of Cyber has been driven by unparalleled growth in new technologies. In association with our history of Remotely Piloted Aircraft (RPA's and UAV's) and the connected evolution of our space operations and Command and Control system, the 5th Domain has resulted in unforeseen capabilities. On the other hand, as these technologies and systems provide great benefits, they also create new vulnerabilities for cyber attack.

As the former Air Force Director for Current Operations and Training, Major General Gibson was responsible for the standup of the new Cyber career field and its integration into Air Force operations. He also has worked on behalf of the Secretary of Defense and Chief of Staff of the Air Force to integrate UAV's into our national airspace and to work with Congress and other agencies to integrate Cyber.

Major General Gibson holds a B.S. in Economics and Management from the United States Air Force Academy, holds an M.S. in Business Administration from the University of Northern Colorado and an M.S. in National Security Affairs from the National War College.

3:30 p.m. - 4:15 p.m.
15 Ninja Rules to Promote Your Appraisal Business and Yourself: How to Prosper with Technology That You Just Don't Understand (Machinery and Technical Specialties)
Yoda said it best, "Do or do not, there is no try." 15 ways that you can use technology, common sense and the skills you already possess to increase visibility and viability in your marketplace, usually for free or darn close to it.
David H. Kinney, Senior Auction Analyst, USAppraisal

3:30 p.m. - 4:45 p.m.
Diamond and the Market (Gems and Jewelry)
Description coming soon.
Michael Goldstein, President, Michael Goldstein Ltd.

4:15 p.m. - 5:15 p.m.
Valuation Case Update (Business Valuation)
Recent court case decisions are often a critical framework about which the professional business value must be informed. While judicial precedent is not necessarily consistent or mutually supportive across jurisdictions and subject matter, that precedent often provides invaluable information regarding the treatment of key elements in the valuation process. This session will be a discussion of major developments in valuation case law over the last year.

As a Managing Director of Invotex Group, Joseph S. Estabrook has over 30 years of experience in the business valuation arena and providing expert testimony in complex litigation and consulting matters involving valuation, damages, tax issues and financial issues. Mr. Estabrook has also been retained to investigate and analyze numerous losses and improprieties, including inventory losses, misappropriation of funds, searches for hidden assets, undervalued assets, and financial fraud.

David Bogus is a Principal in E&T's Forensic and Valuation Services Group. He specializes in the financial valuation of business enterprises, factional business interests, intangible assets, limited liability company interests, and general and limited partnership interests. David has performed valuations in various areas of business valuation including the areas of litigation support, intangible asset and intellectual property, financial reporting, option and warrant valuation, employee stock ownership plans, estate and gift tax, buy-sell agreements, mergers and acquisitions, goodwill impairment testing, professional practice valuations, and private debt and equity placements.
Joseph S. Estabrook, ASA, CPA, ABV, CFF, Managing Director, Invotex
David Bogus, ASA, Principal, Ellin & Tucker, Chartered

4:30 p.m. - 5:30 p.m.
Performing Valuations for Financial Reporting - The Appraisal Process (Machinery and Technical Specialties)
When performing valuations for Financial Reporting, it is often desirable to start the valuation process utilizing the client's fixed asset records. However, this causes several challenges for the appraiser. This session will address some of these challenges and will provide some tools and guidance on how to handle these challenges. This session will also outline the overall valuation process on a high level.
Douglas R. Krieser, ASA, FRICS, Founder and President, Valcon Partners, Ltd.

4:30 p.m. - 5:30 p.m.
Auctions in the 21st Century (Personal Property)
William P. Weschler, ASA, president of Adam A. Weschler & Son (Weschler's), will discuss the changes in how auctions and promotions are handled in the 21st century.

During this session, participants will have an opportunity to enjoy a refreshments reception sponsored by the Washington DC Chapter of the American Society of Appraisers.
William P. Weschler, ASA, President, Weschler's

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8:30 a.m. - 12:15 p.m.
Gems and Jewelry Discipline Educational Tour (Gems and Jewelry)
8:30 a.m. - Meet in the Hotel Lobby for the Tour Bus
8:45 a.m. - Bus departs for the National Museum of National History
10:00 a.m. - 12:15 p.m. - Tour of the Museum's Gems and Minerals Section
12:15 p.m. - Bus departs for the JW Marriott

8:30 a.m. - 4:30 p.m.
Personal Property Descipline Educational Tour (Personal Property)
8:45 a.m. - Meet in the Hotel Lobby for the Tour Bus
9:15 a.m. - Bus departs for the Hillwood Museum
10:00 a.m. - 2:30 p.m. - Breakout Sessions at the Hillwood Museum
2:30 p.m. - 3:00 p.m. - Shopping/Free Time
3:00 p.m. - Depart for the National Cathedral
3:30 p.m. - Tour of the National Cathedral
4:00 p.m. - Depart for the JW Marriott

9:00 a.m. - 10:00 a.m.
International Financial Reporting Standards and Valuation (Business Valuation)
On April 20, 2011 the Securities and Exchange Commission staff announced that it will sponsor a roundtable in July to discuss benefits or challenges in potentially incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. issuers. On April 21, 2011, the IASB and FASB reported substantial progress toward the completion of the convergence of their standards. The convergence of these standards will have a direct impact on the valuation of balance sheet and income statement items as well as stakeholder interests. This session will present an update of the developments in International Financial Reporting Standards and the impact on valuation of the assets, liabilities, and stakeholder interests of public companies.

Mr. Thomas Millon is a Managing Director in the Economic and Valuation Services practice of KPMG. He has over 20 years of experience valuing common and preferred stocks, partnership interests, and intangible assets of privately and publicly held companies, with a specialization in federal contracting and technology businesses. Prior to joining KPMG in 2005, Mr. Millon served in the consulting and valuation practices for three other professional services firms, including serving as the Washington DC practice leader for Willamette Management Associates and a valuation practice leader for Deloitte & Touche.
Thomas J. Millon, ASA, Managing Director, KPMG, LLP

9:00 a.m. - 12:00 p.m.
Green Building Fundamentals and Value Considerations (Real Property)
The information provided during this session will better enable students to identify energy efficiency components and sustainability features of real estate. This session will enable the appraiser to understand rating systems for high performance properties and how they can impact value. Finally, this session will educate the appraiser in the evaluation of savings benefits from certain high performance equipment.
Kathleen Bowen Ha, Global Keepers LLC

9:30 a.m. - 11:00 a.m.
Legislative Session
Location: Salon G, JW Marriott, Washington DC
Eric Thorson, Inspector General, US Department of the Treasury

9:45 a.m. - 12:00 p.m.
Machinery and Technical Specialties Discipline Educational Tour (Machinery and Technical Specialties)
9:45 a.m. - Meet in the Hotel Lobby for the Tour Bus
9:55 a.m. - Bus departs for the National Museum of American History
10:00 a.m. - 12:00 p.m. - Tour of the Museum's Hall of Machinery
12:00 p.m. - Depart for the JW Marriott

10:00 a.m. - 11:00 a.m.
Risk Assessment Benchmarks in the Valuation of Stakeholder Interests in Financial Services Companies (Business Valuation)
Hedging strategies and risk management have become buzzwords within the financial community. However, the view of risk management from the public company C suite is crucial to business valuators as they assess the viability and effectiveness of the risk management strategies of companies they are valuing. This session will include a discussion of the major types of risks in financial services companies, key risk mitigation strategies and how to assess a company's implementation of those strategies as an input to valuation.

Edward Berko is an Executive Vice President and the Chief Risk Officer of Protective Life Corporation, a financial services company with approximately $47 billion in assets and $2.8 billion in revenues for fiscal year 2010. Prior to joining Protective Life, Mr. Berko served as Manaaging Director and Chief Risk Officer for MetLife's Investments Department, which manages MetLife's $350 billion investment portfolio. Mr. Berko's prior experience also includes 20 years serving as both a partner in the Risk Management practice of Pricewaterhouse Coopers and a senior executive at SunGard and subsidiaries of Zurich Insurance and Bankers Trust. Prior to entering business Mr. Berko served for 9 years as a U.S. Naval Officer on guided missile destroyers with deployments to the Atlantic, Caribbean, Mediterranean and Persian Gulf. Mr. Berko received a B.S. in mechanical engineering from the U.S. Naval Academy in Annapolis, MD and an MBA in Finance from the Wharton School of Business at the University of Pennsylvania. He is a licensed professional engineer.
Edward Berko, Executive Vice President and Chief Risk Officer, Protective Life Corporation

11:00 a.m. - 12:00 p.m.
Growth of Value-Based Billing Practices by Law Firms: Does the Water Roll Downhill to Appraisal Experts? (Business Valuation)
The current economic environment has found its way into the foundation of the relationship between corporate clients and their legal counsel in both the transaction and litigation environment. This billing pressure has promoted the use of innovative billing techniques. This session will be a discussion of the rise of value-based pricing for legal services and the impact on valuation services pricing in litigation support and expert testimony engagements.

Kathy Kirmayer is a trial attorney who specializes in complex business litigation and arbitration. Kathy is the Chair of the firm's Litigation Group in Washington DC, whose attorneys handle business disputes of all types, including contract, business torts and fraud, unfair competition and trade practice, and licensing. Kathy has particular expertise in disputes that disrupt or threaten to disrupt long-term commercial relationships, such as joint venture disputes, long-term supply disputes, and licensing disputes. Recently, Kathy was one of the lead trial counsel for Enron Creditors Recovery Corporation in its landmark lawsuit against several investment banks for their role in the collapse of Enron. Her active docket also usually includes antitrust recovery matters on behalf of long-term firm clients, as well as substantial pre-litigation counseling.
Kathy Kirmayer, Partner, Crowell & Moring

1:00 p.m. - 5:30 p.m.
RENEWABLES SESSIONS
Overview of Energy Facilities (Real Property and Machinery and Technical Specialties)
During this session, the following questions will be answered:
- What are the Options for Renewables, their Advantages and Disadvantages?
- Solar, Wind, Hydro and Cogeneration
- What are the special considerations in regard to appraisal of each?
- What are some of the important Federal Incentives for Installations and Real Property?
David Moody, ASA, Shaw Consulting International

Distributed Generation and Financing Considerations of Renewables (Real Property and Machinery and Technical Specialties)
During this session, the following questions will be answered:
- What issues impact the underwriting of loans secured by high performance commercial real estate and distributed generation systems?
- What areas of the finance industry are comfortable with green attributes or renewables in lending?
- What are some of the biggest concerns with the grid and what challenges are ahead for renewable facilities which try to tie in, such as Small Cogeneration Facilities; Solar PV; Waste Conservation to Gas or Another Userful Form; and Microgrids?
- How is excess energy evaluated? How is retail value and wholesale value determined in a given area?
Michael Zimmer, Senior Counsel, Thompson Hine LLP

The Appraisal of Renewable Energy Facilities and Solar Installations (Real Property and Machinery and Technical Specialties)
During this session, the speaker will answer the following questions:
What is the current state of the Power Generation Industry? How have recent occurrences impacted it?
- California and New Jersey leading the way in solar power projects
- How do government incentives affect solar construction projects?
- Applying for and receiving state incentives
- What is an example of net metering valuation in an appraisal?
Case Study of Appraisal of a Property with Solar
- How has solar technology improved? What types of obsolescence issues arise in coordinating the various appraisal disciplines?
Assessments
- What are the Appraisal Methods of Energy Renewable Facilities accepted by courts for taxation purposes?
- Recent property tax case law for enery properties
Joseph Kettell, ASA, Managing Director, Appraisal Economics

Value Theory and the Challenges Ahead for Renewable Energy (Real Property and Machinery and Technical Specialties)
During this session, the speaker will answer the following questions:
What are the challenges to the appraisers? What are the usual scenarios where appraisals may be required in each discipline?
Machinery and Equipment Appraiser
- Who is requesting appraisals of machinery and equipment for energy facilities and green building installations? Why?
- What are the concerns regarding value in use? Asset based lending?
- What type of financing incentives would urge lenders to invest in high performance facilities?
Real Property
- Who is requesting appraisals for real property valuation of energy facilities and green building installations? Why?
- Does the availability of energy within the community impact land value? Under what circumstances does highest and best use consider alternate energy installations such as solar or wind?
Business
- Who is requesting business and asset appraisals of energy facilities or green building installations?
- Should land be valued by an allocation method? When is it appropriate to call in a real property appraiser?

During this session, the speaker will discuss some common themes and differences in appraisal practice of the different disciplines Real Property Appraisal, Business Appraisal and Machinery and Technical Specialties Appraisal. In addition, he will give examples of valuations where a multi-disciplinary approach is required. How does coordination with appraisers of other disciplines enhance our expertise?
Leslie Miles Jr., FASA, Asset Valuation Service

1:30 p.m. - 2:30 p.m.
Good Growth/Bad Growth: Successful Growth Strategies and Pitfalls in the Current Economic Environment(Business Valuation)
Growth is often a key consideration in evaluating the future economic outlook and, thus, value of a business enterprise. However, understanding successful mechanisms and strategies for growth are crucial in whether growth actually enhances the stakeholder value of an enterprise. This session will discuss the innovative, effective growth strategies employed in the current business environment.

Andrew Sherman focuses his practice on issues affecting business growth for companies developing strategies to leverage intellectual property and technology assets, including transactional and franchising matters. Mr. Sherman has served as a legal and strategic advisor to dozens of Fortune 500 growth companies. He has written 17 books on the strategic aspects of business growth. Mr. Sherman has been a commentator on CNN, NPR, and CBS News Radio and has been quoted in publications such as The Wall Street Journal, USA Today, Forbes, and U.S. News & World Report.
Andrew Sherman, Partner, Jones Day

2:00 p.m. - 3:30 p.m.
The Diamond Internet Business, and Its Affect on the Market Value (Gems and Jewelry)
Description coming soon
Mark Turnowski, President, Engagement Rings Direct.com

2:30 p.m. - 3:30 p.m.
Issues in the Valuation of Complex Financial Instruments (Business Valuation)
The existence of complex financial instruments both on and off the balance sheet of business enterprises has become the norm rather than the exception in the current economic and financial environment. The commonplace existence of these financial instruments and derivatives compels business and asset valuers to become skilled at their appropriate assessment and consideration within the context of a valuation engagement. This session will discuss some of the unique issues that arise in the valuation of these financial instruments and include current real-world examples and valuation strategies.

Scott Friedland is a Senior Managing Director in the FTI Forensic and Litigation Consulting practice and is based in New York. For the past 15 years, Mr. Friedland has provided valuation, auditing, accounting, and investigative expertise to attorneys and provided expert testimony in litigated and arbitrated disputes. For the past five years Mr. Friedland has been overseeing the wind-down (and is the responsible officer) of Enterprise Mortgage Acceptance Company (EMAC), a former originator and servicer of CMO's.
Scott D. Friedland, CPA, CFA, CFE, Senior Managing Director, FTI Consulting

2:30 p.m. - 3:30 p.m.
Expect the Unexpected: Unique Valuation Issues Arising in Bankruptcy and Corporate Reorganization(Business Valaution)
Within the arena of bankruptcy and corporate restructuring, the valuation of stakeholder interests, assets, liabilities and derivative securities often include complex and unique circumstances involving multiple classes of stakeholders. This session will explore some of the more exceptional considerations that are encountered in a valuation sector that often results in disputes involving multiple parties and entities and in which economic extremes must be appropriately and reasonably incorporated.

Bruce Bingham has over twenty years of experience in the areas of business valuation and financial feasibility. Prior to joining Capstone, he was Senior Managing Director of Trenwith Valuation, LLC and until June 2004 was the National Practice Director of Valuation Services of BDO Seidman, LLP, and the Principal in Charge of KPMG Peat Marwick LLP's New York Appraisal/Valuation practice. Mr. Bingham has been involved in valuation controversies involving some of the largest bankruptcies and restructurings in recent years.
Bruce Bingham, FASA, FRICS, Executive Vice President/Valuation, Capstone Advisory Group

3:30 p.m. - 4:30 p.m.
The Wild East: Valuing Companies in Russia and the Commonwealth of Independent States ("CIS") (Business Valuation)
Valuation of enterprise in Russia and the CIS often resembles a trip to the bygone "Wild West". This presentation will address some of the differences and difficulties in conducting valuations on Russian and CIS entities versus North American entities, including the impact of "rule of law" considerations. This session will provide practical advice in handling such issues as how to more effectively get information from your Russian/CIS clients, useful approaches to gathering public information, working with Russian GAAP standard financial statements, how to choose relevant comparable companies, understanding the Russian/CIS stock markets, Russian/CIS country risk considerations, and contemplating the minority share discount with Russian/CIS entities.

Laura Hardin is a Managing Director in the global International Arbitration practice of the FTI Consulting. Formerly a Director in the International Arbitration practice at Navigant Consulting, Inc.and in the Pricewatehouse Coopers Dispute Analysis and Investigations practice. Ms. Hardin also served as Assistant Station Manager with Aeroflot Russian International Airlines in Washington DC. She is fluent in Russian, has testified in Russian courts and has worked extensively on engagements in Russia, Ukraine, Moldova, Uzbekistan, Kazakhstan, Armenia, Georgia and Indonesia.
Laura Hardin, Managing Director, FTI Consulting 

Wednesday, August 17, 2011

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8:30 a.m. - 9:15 a.m.
Doing Appraisals for IRS Purposes (Personal Property)
Know the present expectations of the IRS and gain an insight into what is ahead.
Joseph Bothwell, Commissioners Art Advisory Panel, Internal Revenue Service

8:30 a.m. - 9:30 a.m.
Legal Session (Business Valuation and Machinery & Technical Specialties)
Description coming soon
Peter Barash, Peter Barash & Associates

8:30 a.m. - 12:00 p.m.
The Appraisal Spreadsheet (Microsoft Excel for Real Property Appraisers) (Real Property)
The Appraisal Spreadsheet: Boot Camp is presented as a workshop. Participants actually construct appraisal spreadsheets as they learn the basics of writing and modifying spreadsheets. At the conclusion of the course, each participant will possess spreadsheets that they can put into use in their appraisal practice immediately. They will also possess the skills and knowledge necessary to write new spreadsheets and modify their spreadsheets as well as others available commercially.

Participants will need to bring a computer to class with MS Excel 2003, 2007, or 2010 installed, as the course is predominately hands-on. Two participants can share a single computer, but optimal results will be achieved if each participant brings a computer.

The course will address all levels of ability, from participants with no Excel experience to those with a working knowledge, to the more experienced user who is interested in producing a set of Excel templates for practical use. Both residential and commercial applications will be covered.
Gary Snowden, ASA, Snowden Valuation

9:15 a.m. - 10:15 a.m.
The Professional and Legal Vulnerabilities Encountere When Conforming to USPAP (Gems and Jewelry)
While USPAP is an extraordinary achievement in the codification of Standards of all appraisal disciplines, it exposes the appraiser to a certain amount of legal vulnerability. This session will examine the types of vulnerabilities the appraiser is likely to encounter while conforming to USPAP.
Victor Wiener, Victor Wiener Associates, New York, NY

9:30 a.m. - 10:30 a.m.
International Contemporary Design Trends (Personal Property)
From sustainable design to mass production and modernism to the avant-garde, learn how industrial designers have approached their craft differently throughout the last 80 years. The art of design has changed in relation to and reaction to the events and history surrounding it. By providing the ideas behind this evolution, Mr. Burton will shed light on why certain objects have lasted and become iconic over time, while other more trendy design inventions have added to the design conversation, but not to their inherent value.
Douglas D. Burton, Apartment Zero

9:30 a.m. - 10:30 a.m.
General Issues Regarding FASB and Leasing (Business Valuation and Machinery & Technical Specialties)
Description coming soon.
Brian DeRusha, AIG

10:30 a.m. - 11:30 a.m.
USPAP and the Appraisal Process (Gems and Jewelry)
Veteran appraiser, instructor and author David Maloney will explain the seven-step "Appraisal Process" in plain English. From initial problem identification to preparing the final report, the appraiser is guided throughout the process by the Uniform Standards of Professional Appraisal Practice (USPAP), the generally accepted standard of practice for the personal property appraiser. Maloney's presentation will make use of sample appraisals and tips on preparing professional and credible appraisal reports upon which clients can rely.
David J. Maloney, Jr. AOA, CM, Frederick Appraisal Services

10:45 a.m. - 11:45 a.m.
Washington Color School: the Artists and the Market (Personal Property)
Since 1993 when George Hemphill opened HEMPHILL Galleries, he has become one of the premiere dealers of contemporary art in the Washington, DC area. In addition to exhibits of contemporary art ranging in media and from emerging to mid-career and established artists, Hemphill Galleries exhibits work of the historically significant artwork and socially relevant subjects. George will talk about the development of the Washington Color School artists and the market for their work as it has changed over the past decades. Recently, there has been a renewed interest in their work by collectors all over the United States. George will focus on the major players of the movement: Leon Berkowitz, Jacob Kainen, Tom Downing and Gene Davis. 
George Hemphill, Hemphill Fine Arts, Washington DC

11:00 a.m. - 12:00 p.m.
International Education (Business Valuation and Machinary and Technical Specialties)
Description coming soon.
Richard Berkemeier, Vice President, CB Valuations