Donald W. Osborne, ASA, is seen by millions as a recurring segment host on the new CNBC Primetime show ‘Jay Leno’s Garage’, sharing his knowledge on classic car values weekly with Jay and the viewers.
He became well known as co-host for two seasons of the nationally broadcast TV show ‘What’s My Car Worth’ on Discovery’s ‘Velocity’ network and as an Editor-at-Large of Sports Car Market magazine and long-time contributor to publications including The New York Times, Business Week Online, The Wall Street Journal online, Hagerty’s Magazine, Art & Antiques and others.
Donald has served as a judge and emcee at some of the leading concours events in the country including the Amelia Island Concours d’Elegance, Carmel-by-the-Sea Concours on the Avenue, Santa Fe Concorso, Concours of America at St. John’s, Forest Grove Concours and many others.
He travels the world attending major events, rallies and auctions, working for clients here and abroad on the buying, selling and valuation of classic vehicles.
Donald is the author of the upcoming release ‘Stile Transatlantico/ Transatlantic Style: A Romance of Chrome & Fins’ published by Coachbuilt Press. The book tells the story of the fertile creative exchange between Italy and America in mid-century automotive design, using evocative photographs by Michael Furman to showcase some of the most iconic designs from both countries in the period.
Holder of the Accredited Senior Appraiser (ASA) designation of the American Society of Appraisers, his expertise in the inspection, evaluation, valuation, purchase and sale of vintage Italian, French, German, British & American cars has been recognized by leading collectors, institutions and organizations in the US, UK and Europe. Donald W Osborne, LLC /Automotive Valuation Services provides professional consulting services in the valuation, sale, purchase and marketing of collector and exotic vehicles for private, corporate and legal entities.
In choosing us you engage qualified trained professionals with knowledge of all levels of the collector vehicle markets. This is key to obtaining an accurate, well-founded valuation as well as best placing your vehicle or collection for sale as well as providing expert guidance for purchase.
Purchase & Selling Consultation
Whether you have decided on the type of vehicle to purchase or decided to sell one you currently own, Automotive Valuation Services can provide both purchase and selling consultation on an agreed-fee basis. We can assist you in the search for a vehicle or advise on the most beneficial venue for selling your vehicle and place it for sale using an international network of resources at the highest level.
Onsite Consultative Review
When considering buying a vehicle, it is vital that you have a professional evaluation prior to committing to a purchase. Let us examine your prospective buy and give you the benefit of our years of experience and market knowledge in determining if it’s right for you and your needs. Automotive Valuation Services does not perform mechanical evaluations, however these can be arranged as a part of the service.
As we regularly attend major collector vehicle events and auctions around the US and Europe, we can serve you at these key times and venues as well.
Market Survey Reports
If you are considering selling a vehicle, our extensive resources in the international collector vehicle markets allow us to provide for you an up-to-the-minute snapshot of where your vehicle fits in the marketplace. Using accurate comparables, you will know what the trend and patterns are in not only asking prices but prices realized for similar vehicles.
IF YOU ARE KEEPING
In today’s quickly moving markets it’s vital to keep track of your cars’ current value, especially for insurance coverage. You must be properly and adequately protected against loss.
When seeking a valuation of your collector vehicle, look for an appraiser who has knowledge and experience in the field, but who also understands correct appraisal ethics, principles and concepts. We deliver a detailed, measured approach to appraising. It’s what your vehicle deserves.
All of the appraisal reports Automotive Valuation Services provide conform to the Uniform Standards of the Professional Appraisal Practice (USPAP), which ensures the highest quality appraisal possible for your vehicle.
We first determine the proper approach based on the purpose of the appraisal and your specific need. This is vital to meet the proper definition of an appraisal as the purpose defines the type of value sought. All appraisals must be documents with a valuation conclusion, as contrasted with pre-purchase inspections, or consultations on buying or selling your vehicle. An appraisal report should be an accurate and legally robust document.
We prepare reports for use in:
Insurance coverage and claims
Marriage dissolution or settlement
Expert witness services
An appraisal is the opinion of the value of property at any given point in time, past or present. An appraisal can also entail the forecasting of monetary earning power. An appraisal is a document with a valuation conclusion; it is not a pre-purchase inspection, a mechanical evaluation or a recommendation to buy or sell your vehicle.
Donald W. Osborne, ASA, possesses decades of business experience involving the evaluation and valuation of goods. These include partnership in Garofolo & Osborne Antiques since 1974, work as a Contributing Editor and Auction Analyst for Sports Car Market magazine, consultant for major collector car companies and organizations as well as the purchase and sale of collector automobiles for consulting clients and his own collection.
Mr. Osborne first contributed to Sports Car Market in 1994 and began working as an Auction Analyst in 2000; he became a Contributing Editor of the magazine in 2004 and Editor-at-Large in 2013. Sports Car Market is a magazine that covers the collector car market with an emphasis on auction reporting on an international scope. Mr. Osborne writes a monthly column profiling Italian, French, German and American automobiles, reviewing and evaluating all types of automobiles from the turn of the 20th Century to contemporary across the US and in Europe.
In almost 40 years of collecting, he has bought and sold privately and at auction more than 60 of his own automobiles, American, English, German, French and Italian- his particular passion. Mr. Osborne travels the USA and Europe attending auctions, rallies and other car events for both business and pleasure. He maintains a library of automotive reference books and collector car magazines in English, Italian, French and German to assist in the research and evaluation of cars for purchase, sale and restoration. He maintains a keen knowledge of pricing and market trends.
Mr. Osborne’s writing on collector cars has also appeared in The New York Times, BusinessWeek Online, Hagerty’s magazine, Road & Track, Art & Antiques, Palm Springs Life, The Wall Street Journal online and in the books “Keith Martin on Collecting Alfa Romeo” and “Keith Martin’s Guide to Car Collecting”, published by Motorbooks International. He also served as editor of Lanciana, the magazine of the American Lancia Club.
Mr. Osborne is a member of the Vintage Sports Car Club of America, Alfa Romeo Owner’s Club, American Lancia Club, Ferrari Club of America, Lamborghini Club of America, Maserati Club International, Zagato Car Club, Shelby American Automobile Club (SAAC), Rolls-Royce Owners Club and Bentley Driver’s Club among others.
He has also served as a Consultant Director, judge and Master of Ceremonies with the Fairfield County Concours d’Elegance in Westport, Connecticut, as judge at the Amelia Island Concours d’Elegance, Concours of America at St John’s and Meadow Brook Concours d’Elegance in Michigan and Radnor Hunt Concours d’Elegance in Pennsylvania. He has been Master of Ceremonies at the Carmel-by-the-Sea Concours on the Avenue, Greystone Mansion Concours d’Elegance in Beverly Hills, Forest Grove Concours in Oregon, Santa Fe Concorso and On-field Commentator at Meadow Brook.
Mr. Osborne appears as a regular segment host on CNBC Primetime show ‘Jay Leno’s Garage’, commenting on collector car values and the attributes of value that contribute to their market appeal.
Mr. Osborne and Automotive Valuation Services offer consulting services to collectors and major collector car businesses across the country and in Europe. He has been a member of the American Society of Appraisers, and has earned the Society’s “Accredited Senior Appraiser” (ASA) designation. Mr. Osborne founded Automotive Valuation Services in 2004.
An operatic baritone whose solo career culminated in his debut with the Metropolitan Opera in 1985, he has turned to the drama of the collector car field to express his creative passions. Mr. Osborne lives in southern California, but regularly travels the country and abroad for projects.
USPAP / ASA
Uniform Standards of Professional Appraisal Practice can be thought of as the quality control standards applicable for appraisal analysis and reports in the United States and its territories. USPAP, as it is commonly known, was first developed in the 1980s by a joint committee representing the major U.S. and Canadian appraisal organizations.
While USPAP provides a minimum set of quality control standards for the conduct of appraisal in the U.S., it does not attempt to prescribe specific methods to be used. Rather, USPAP simply requires that appraisers be familiar with and correctly utilize those methods which would be acceptable to other appraisers familiar with the assignment at hand and acceptable to the intended users of the appraisal. USPAP directs this through what is called the Scope of Work rule. At the onset of an assignment, an appraiser is obligated to gather certain specified preliminary data about the project, such as the nature of the property to be appraised, the basis of value (e.g. market, investment, impaired, unimpaired), the interests appraised (e.g. fee, partial), important assumptions or hypothetical conditions, and the effective date of the valuation. Based on this and other key information, the appraiser relies on peer-reviewed methodology to formulate an acceptable workplan.
What is the primary intent of USPAP?
The intent of USPAP is to promote and maintain a high level of public trust in professional appraisal practice. This concept is emphasized at the very beginning of the PREAMBLE:
The purpose of the Uniform Standards of Professional Appraisal Practice (USPAP) is to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers.
The development of “trust” between the general public and the professional appraiser is not unique to the appraisal profession – it is also inherent in other professions such as medical practice and accountancy.
Contained within this notion of “trust” is a relationship that requires the professional to provide more than their skill or expertise. There is a distinct ethical obligation to act in the behalf of the public’s to the appraisal profession – it is also inherent in other professions such as medical practice and accountancy.
Contained within this notion of “trust” is a relationship that requires the professional to provide more than their skill or expertise. There is a distinct ethical obligation to act in the behalf of the public’s
Although the main purpose is not to protect appraisers, appraisers do receive significant benefits and protection from USPAP. It establishes requirements for impartiality, independence, objectivity, and competent performance. Because of these standards, appraisers who comply with USPAP are viewed as unbiased professionals whose work is worthy of public trust.
Real property appraisers are often legally bound to comply with USPAP by applicable laws. There are no such laws binding non-real property appraisers to comply with USPAP. However, many non-real property appraisers either choose or agree to comply with USPAP in their assignments. The decision to comply may be prompted by affiliation with a professional appraisal organization or the preference of the client.
To comply with USPAP, a personal property appraiser would have to comply with the requirements of STANDARD 7 and STANDARD 8, in addition to the applicable rules (e.g. ETHICS RULE, COMPETENCY RULE). This means the appraiser would have to perform the level of research and analyses required to produce credible assignment results (given the intended use). Since the appraiser would be communicating the appraisal as an oral report, the report must address (to the extent that it is both possible and appropriate) the substantive matters of a Summary Appraisal Report. In addition, the appraiser would have to prepare a workfile as required by the Record Keeping section of the ETHICS RULE.
In compliance with USPAP, all appraisal reporting must include the following, at a minimum in the appraiser’s workfile, and more usually, in the report itself:
- Effective Date of the Appraisal
- Date of Appraisal
- Date of Value
The American Society of Appraisers is an organization of appraisal professionals and others interested in the appraisal profession. International in structure, it is self-supporting and independent. The oldest and only major appraisal organization representing all of the disciplines of appraisal specialists, the society originated in 1936 and incorporated in 1952. ASA’s headquarters is in the metropolitan Washington, D.C., area.
The society is dedicated to the benefit of the appraisal profession. It is one of eight major appraisal societies that, in 1987, founded The Appraisal Foundation, a national nonprofit organization created to establish uniform criteria for professional appraisers. Since 1989 The Appraisal Foundation has been recognized by the U.S. Congress as the source for the development and promulgation of appraisal standards and qualifications.
When you hire an ASA-accredited appraiser, you are assured the best valuation expertise on the market, because ASA-accredited appraisers bring knowledge of the market and profession, experience, and solid reputation to the job.
Knowledge and Experience
Each accredited member of the American Society of Appraisers has earned a professional designation in one or more specialized areas of appraisal. To receive the accreditation, the appraiser must pass intensive courses/written examinations, submit representative appraisal reports, an appraisal experience log and evidence of a college degree or its equivalent.
Every accredited appraiser must start his or her ASA membership as a Candidate member. In order to be accepted for Candidate membership, the prospective Candidate must be interviewed and approved by his or her local chapter. Subsequently, each Candidate must pass ASA’s Ethics Examination and an examination on the Uniform Standards of Professional Appraisal Practice (USPAP) within a specified period of time. (The Uniform Standards are published each year by The Appraisal Foundation, authorized by Congress as the source of appraisal standards and appraiser qualifications.)
The Candidate’s technical appraisal proficiency and understanding of the fundamentals of appraisal ethics, principles and concepts are evaluated by intensive written examinations. Copies of the Candidate’s appraisal reports are reviewed and must meet professional criteria.
ASA has a mandatory re-accredidation process whereby designated members must regularly submit evidence of professional growth through participation in professional activities and continuing education. This ensures that ASA appraisers keep their knowledge up-to-date.
A Solid Reputation
Each individual seeking accreditation from the American Society of Appraisers must furnish professional and personal references and be subject to local credit and background investigations. In addition, local chapters conduct personal interviews and evaluate the practices of all applicants.
One of ASA’s primary objectives is to ensure ethical practices and procedures on the part of its members. The society is diligent in its efforts to strengthen and uphold the Principles of Appraisal Practice and Code of Ethics (the code of conduct to which all members must subscribe) in order to protect the client.
ASA has developed a mechanism for the enforcement of the Code of Ethics whereby clients may file written complaints directly with the International Headquarters of the American Society of Appraisers if they feel that an appraisal rendered by an ASA member violates sound professional practice. ASA has permanent internal procedures for processing all documented grievances, assuring due process. Sanctions against members, if found to be in violation of the Code of Ethics, range from censure to expulsion with loss of professional designation.
The Valuation Expertise You Need
In short, ASA-accredited appraisers are experts. The meticulous ASA accreditation process ensures that ASA-accredited appraisers are accurate, impartial, and credible. They are educated and experienced in their fields and are respected members of their communities. They can deliver independent valuations that assure your property is appraised at its fair market value.