ArtLease:
A low cost and tax deductible lease that enables clients to
display museum quality fine art for a fraction of the purchase
price.
A purchase option of art works may be available. The price is
set at the inception of the ArtLease term.
ArtLease enables you to display five times the value that you
would pay to purchase the work.
Artists receive a royalty during the term of the ArtLease.
Advantages
of ArtLease:
Tax
Deductible:
ArtLease payments can be deducted as ordinary and necessary
business expenses under Section 162 of the Internal Revenue
Code since the lease is a true lease and not a conditional
sales agreement. See Revenue Ruling 55-540. Check with your
tax advisor.
Turnkey Services:
Art Assets offers a selection of work, Curatorial assistance,
framing, transportation, preparation, installation and insurance.
Purchase Options:
May be available. The price is set at the inception of the
ArtLease term.
Value:
Leasing enables you to display five times the value that
you would otherwise pay to purchase the work of art.
Sales:
Art
Assets works with artists, galleries, foundations, museums,
and collectors to source a collection of works that hold the
test of time.
Site
Specific Commissions:
Art
Assets assists our clients in the selection of an artist(s)
for a designated location and manages the process from inception
through installation.
Exhibitions:
For
our clients who have exhibition spaces, Art Assets provides
exhibition services. Themes are based on the desires of the
client and the location.
Donations:
Art
Assets arranges sales or tax-deductible donations and coordinates
the paperwork.
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