A CHANCE TO HIRE ART, TO EXCHANGE IT FOR SOMETHING ELSE, AND TO SAVE MONEY
It is possible to hire one of my art works for a while. The cost is 20% per year of the value of the work you borrow. Apart from a 10% charge for administration (included in your first payment) any further payments count as your savings bonus.
In due course you can use this bonus as credit against purchasing an artwork you like. All the amounts are subject to 6% BTW (value added tax).
Borrowing an artwork worth € 1200,-.
Hire price is 20% of € 1200,- = € 240 + 6 % BTW = € 254.40
You pay per month € 20 + 6 % BTW = € 21,20
If you hire this artwork for a year, the administration charge will be € 24 (plus 6 % BTW). Your savings bonus at the end of the year will be € 216 , which you can carry over for any future purchase. Or you may decide to borrow another artwork.
In this way y
ou can increase your savings bonus and build up further credit for an eventual purchase.
You are responsible for the cost of transport from my studio to your home.
Businesses can deduct for tax purposes the cost of hiring a painting.
The person hiring the painting is responsible for insurance costs. In general a telephone call to the insurance company is sufficient to tell them that an artwork has to be temporarily added to the contents insurance. Given the size of the amount to be insured this will not necessarily mean a higher premium.
When you borrow a work of art you receive a contract in which reciprocal rights and obligations are set out.
The savings bonus can not be used to commission an artwork.