Art Leasing Program Makes Financial Sense

The Morean Arts Center’s Art@Work program provides local businesses with artwork for their facilities on a rental basis.

As opposed to buying, leasing art allows the physical appearance of a space to be improved while conserving capital. Since leasing is an operating expense, that capital can be used elsewhere. Often, the lease payments lower pre-tax income and therefore lower taxes.

This Alison Light painting is an example of the works offered through the Art@Work program.

Another benefit to leasing art is that the collection can be changed regularly, without clients having to deal with the hassle of buying and selling.

As part of the program, the center, which is located in downtown St. Petersburg, delivers the artwork to the client’s facility and installs it, along with wall text for each piece. Clients typically lease the work for a year, with a minimum requirement of six months.

The Art@Work collection comprises the works of a wide range of local and regional artists specializing in all kinds of media for all different prices. The center can tailor a collection to the budgets, preferences and space requirements of all different types of clients.

Glass works crafted by the Morean Hot Shop Glass Artists are also available.

To view the works of art available for lease, and for more information, click http://moreanartscenter.org/ArtAtWork/.

And if you’re interested, call Amanda Cooper, Curator of Programming, at 727-822-7872 x2112 or e-mail Amanda@moreanartscenter.org.

To return to this issue of CVBeat, click here.

About CVBeat

Visit St. Pete/Clearwater is the official destination marketing organization for Pinellas County, Florida.
This entry was posted in 2011, December 5, 2011, Industry Partner News, VSPC News and tagged , , , , , , , . Bookmark the permalink.

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