EQUIDERMIS XIII (2021) Peinture par Adalberto Miguez
What is Leasing of Works of Art with purchase option or “LOA”?
Leasing works of art with an option to purchase is a financial arrangement that allows individuals, liberal professions, self-employed workers or businesses to access valuable works of art without having to pay the full price immediately. The concept of leasing works of art at Artmajeur allows art lovers and collectors to rent works for a defined period. This model offers an alternative to the traditional art purchasing process, providing greater accessibility to exceptional works.
Financial Benefits
One of the main advantages of leasing works of art lies in its financial structure. This model can be less expensive than direct acquisition, allowing customers to spread payments over a period of time. For businesses, lease payments can often be deducted as a business expense, providing tax benefits.
Accessibility to high-end art
Leasing allows art lovers who are professionals, self-employed, liberal professions such as doctors or lawyers, to access high-value works that might be out of reach due to their high cost. This method makes art more accessible, allowing for greater democratization of art ownership.
How does leasing work?
Art leasing with an option to purchase provides financial flexibility, allowing art enthusiasts and businesses to access valuable works while benefiting from potential tax benefits. This model facilitates the acquisition of quality art while preserving liquidity and providing an advantageous purchasing option.
Typical progression of a purchase financed by leasing:
- Selection of the Work
The process begins with selecting the desired artwork. Artmajeur offers a wide range of works by various artists which allows you to choose works that correspond to all environments and all budgets. - Signature of the Leasing Contract
Once the work is chosen, a leasing contract is established. This contract details the terms of the lease, including the duration, monthly payments, and conditions related to the purchase option. - Leasing Duration
The duration of the leasing can vary, often from a few months to several years, depending on the agreement between the parties. - Regular Payments
During the term of the lease, the tenant makes regular payments. These payments are generally a fraction of the total cost of the work and are often lower than a direct purchase would be. - Purchase option
The key feature of leasing with an option to purchase is the possibility of purchasing the work at the end of the leasing contract. The terms of this option are defined in the initial contract. The purchase price can be the residual price of the work (the total price minus any leasing payments already made) or a predefined price. - Fiscal advantages
For businesses, lease payments may be tax deductible, depending on local tax laws. This can reduce the overall cost of leasing. - End of Leasing
At the end of the contract, the lessee can choose to purchase the work at the agreed price, renew the lease, or return the work. If the purchase option is exercised, ownership of the work is transferred to the lessee.
Why choose Artmajeur to buy in leasing?
Access to a Wide Range of Works, Flexibility and Purchase Option
At Artmajeur, our catalog offers access to a vast range of nearly 3 million works of art. This allows customers to explore different styles and artists, and find works that will perfectly suit their tastes or needs.
Flexibility is another key advantage. Clients have the freedom to change works at the end of the leasing contract, allowing dynamic rotation of their art collection. In addition, with the purchase option, clients have the opportunity to acquire the work at the end of the contract, often at a favorable price.
Art leasing with Artmajeur represents an attractive option for those who view art as an investment. This makes it possible to invest in valuable works without tying up significant capital initially.
Art leasing offers an innovative and flexible approach to enriching your space and life with quality art. Whether you are an experienced collector or an art lover, Artmajeur facilitates access to magnificent works with advantageous financial conditions. Discover today how art leasing can transform your approach to art acquisition!
Jean Dubreil
