What is the financial benefit of renting art?
Tax rules limit one’s ability to depreciate art.
Many companies make the mistake of purchasing high end decorative art without researching the tax rules surrounding the purchase – which gets someone in trouble with the CFO! Many companies have great art, but are stuck holding the asset on their balance sheets with no way to take advantage of depreciation as they would with office furniture, PCs, service vehicles, etc.
Renting art allows you to make fine art an expense.
If you buy fine art, the art becomes a nondepreciable asset offering no tax advantage. On the other hand, you can expense the cost of renting fine art, thereby lowering your overall tax bill.
Deploy capital effectively by renting.
Why lock up capital with an art purchase when you can rent it instead? This allows you to deploy the capital that you saved into your core business - and with a decent ROI, the money you save by renting allows the art to pay for itself.
Protect your business in a down economy
Let’s say your business takes a turn… When you try to resell art in a down economy, you will not get full value for the pieces – if you even know who to sell it to! It’s easiest just to return the art to us. We’ll be here when you ramp back up!