In a previous blog, we looked at how art works will add value to commercial property of all kinds but, not every property developer of owner has the funds available to purchase serious original pieces. So, what is the alternative?
As the demand for original art works has seen a huge increase in over recent years driving up prices experientially, is there a flexible and cost-effective alternative?
The answer to that question, which allows both companies and individuals access to amazing pieces of art which would be otherwise totally out of reach, is leasing.
As you only pay a fraction of the purchase price, it is a serious contender to upgrade your business or home with art that reflects individual style and character.
There are various companies in this market with both the knowledge and finance to assist in the process. Ginger White in Bethnal Green, London, leases contemporary art to offices, businesses and homes, starting from as little as £1.50 per week for some works. McMillan Fine Art gallery, based in South Kensington, arranges the leasing of original oil paintings for as little as £20 per week, for any period of time from 1 month to 3 years, with yearly reviews. The service allows individuals or businesses to lease, through a tax efficient system, oil paintings from Old Masters up to the present day.
For commercial businesses, hotels, restaurants, large properties for sale, boardrooms etc., art will enhance the atmosphere and environment for everyone and make the property a memorable destination.
Remember that art is an expensive commodity and prices may fluctuate by leasing you save the capital expense and investment risk of making an outright purchase.