ART RENTALS

 

 

La Fenice Art Gallery offers art rentals for residences and all kinds of businesses including restaurants and hospitality, corporate and small offices and stage & film productions. The gallery is dedicated to increasing the public’s exposure to art as well as supporting artists. At the end of a rental term 50% of the rental fee is applied towards purchase of the work. This means that renters earn credits towards the eventual purchase of original art. If you send us a note within 7 days after receiving the artwork, that percentage can go up to 100%. The ultimate goal of the La Fenice art rental program is to connect clients with work that they fall in love with and will want to purchase.

Leasing Benefits

Advantages of renting a work of art:

- Allows to emphasize a room/office through the unique artwork.

- Enhance social and professional image.

- Improves quality of life of individuals and company employees.

- Lease rental is 100% tax deductible

- Leasing is often referred to as ‘off balance sheet’ financing – a tremendous advantage to both large and small businesses.

 

Tax Advantages of Leasing

Outright Purchase - $10,000.00
Lease - based on 12 monthly Payments of $833.33

Tax relief $2000
Cost after tax relief $8000

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A Saving of $2000 against the cash purchase price

Flexible monthly rental periods to suit your budget

Rental fees start from 3.5% per month of the value of the artwork for limited edition prints and photographs. From 3.8% for mixed media works, from 3.95-6% for smaller original paintings to up to 8-10% per month for very large original paintings on canvas.

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© 2019 by La Fenice Art Gallery, Hong Kong