Leasing Program
Our leasing programs are a convenient and economical way for our clients to build their art collections. The lease agreements are made directly between our clients and Loch Gallery; no outside leasing or finance company is involved. Please contact us for more details about the tax benefits of this program.
Art Lease with Optional Anniversary Buyout
Monthly lease payments are based on 2.5% of the retail value of the artwork. The lessor has the option to buy-out the lease (in whole or in part) on the second, third, fourth or fifth anniversaries. The minimum term of the lease is 24 months. Buy-out option rates are as follows:
- 2 Years 60% of Original Value
- 3 Years 40% of Original Value
- 4 Years 20% of Original Value
- 5 Years 10% of Original Value
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Example:
Philip Craig, LILY PAD POINT Oil on Canvas 36" x 40"
Monthly Payment:
$11,000.00 x 2.5% = $275.00 plus applicable taxes
Optional Buyout after 3 years:
Buyout = $4,400.00 plus applicable taxes
Optional Buyout after 5 years:
Buyout = $1,100.00 plus applicable taxes |
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Example: Ivan Eyre, NORTH WATCH Bronze: 34" x 20" x 32.5" Monthly Payment: Optional Buyout after 3 years: Optional Buyout after 5 years: |
