Argonaut Fine Art Ltd. provides a full range of independent fine art appraisal services. Importantly, our appraisal services are entirely separate from, but informed by, our art dealing activities, giving our clients an unbiased and dispassionate view based on practical experience of current market trends.
William O’Reilly, AAA, President of Argonaut Fine Art Ltd., is a Certified Member of the Appraiser’s Association of America, the organization’s highest level of qualification. He has successfully completed the 15-hour course and examination on the Uniform Standards of Professional Appraisal Practice (USPAP), the Congressionally-recognized set of appraisal standards promulgated by The Appraisal Foundation, and is currently compliant through August 4, 2024. William has extensive experience over more than 25 years in assisting clients at the highest level in appraising paintings, sculpture and works on paper from the Renaissance to today, with an emphasis on Impressionist and Modern Art.
Argonaut Fine Art Ltd. prepares appraisals for Insurance, Charitable Donation, Estate Tax Liability and Equitable Distribution purposes. We specialize in providing comprehensive appraisal solutions that meet the unique needs of our clients. With a blend of expertise, experience, and industry knowledge, we strive for accuracy, reliability, and integrity in every assessment.
Insurance:
Protecting valuable art assets against loss or damage requires adequate insurance coverage. We work with insurers, brokers and policy holders to provide reliable appraisals essential for determining appropriate coverage limits. By assessing the replacement cost or actual cash value of fine art, we help mitigate risk and ensure comprehensive insurance protection.
Charitable Donation:
For parties considering charitable donations of fine art, accurate appraisal is crucial. Our appraisal services investigate the fair market value of artwork for donation, assisting in informed decisions with regard to their charitable contributions. We adhere strictly to IRS guidelines, ensuring compliance and facilitating the donation process. Our comprehensive charitable donation appraisals conform to industry best practices, and we are happy to assist with the preparation of IRS f8283 were appropriate.
Estate Tax Liability:
Estate planning often involves valuing assets, including fine art, for tax purposes. We understand the complexities of estate tax liability and provides meticulous appraisals to assist executors, attorneys, and heirs in fulfilling their obligations. By conducting thorough research and analysis, we assess the fair market value of art assets, aiding in proper estate administration and efficient tax planning.
Equitable Distribution:
During estate settlement or divorce proceedings, equitable distribution of assets, including fine art, requires accurate valuation. Our appraisal services offer impartial assessments that consider factors such as artistic significance, condition, and market trends. We strive to facilitate fair and equitable distribution, providing clarity and transparency to all parties involved.
The Internal Revenue Service mandates that estate and charitable donation appraisals must be conducted by accredited professionals, as outlined in IRS Publication 561. As a Certified Member of the Appraisers Association of America, William O’Reilly fulfils the IRS requirements of qualified appraiser.
Our appraisal process integrates industry-standard methodologies with personalized attention to detail. We conduct thorough research, examining factors such as provenance, authenticity, condition, and market comparables. We apply specialized knowledge and expertise to deliver accurate and defensible valuations tailored to the specific needs of each client.