Are you trying to figure out different ways to earn money from your original artwork? The art rental scene is becoming more popular for businesses and collectors.
What is art rental?
Art rental is a way for businesses and art collectors to enjoy fine art in their business or home without purchasing art.
Hotels, hospitals, restaurants, home rentals located at vacation locations, and art lovers, are now renting art to add color to their facilities.
The benefits of renting art for businesses:
- No buyers remorse
- Showcase different artwork during different seasons
- Change the color theme of a room
- Small monthly payments
- Tax-deductible
As an artist, you know how light affects colors.
Renting your art will not only increase your revenue stream but it might also increase your original art sales.
If a person rents a painting from you and they become attached to it they will more than likely want to purchase it.
On the other hand, if a person brings home a painting and the colors do not match their room like they thought it would, they are not losing any money.
Leasing art provides a great shopping experience for art collectors.
The person renting the art can bring back the painting that does not match their decor and try a different one.
They will be happy because they will find the perfect piece of art for their home and you will be happy making extra money while they are renting your pantings.
How To Find A Company That Will Rent Your Art
The easiest way is to do a search for art rentals (and your state or large city near you)
I did a search for Art Rentals In MA. and this is what came up.
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Depending on where you live will determine if there are companies or galleries that rent art.
Make a list of all the companies and galleries that lease art.
The list should have the name of the company, address and contact information.
Art Rental Companies
There are a few global art rental companies that are available.
I feel that you will see more opportunities as renting art becomes more popular.
I have come up with a few different companies that rent and sell original art to help get you started.
The list will get you started and allow you to research more about renting your art so you can start to supplement your income.
What you should be looking for?
- Where do they rent art
- Who do they rent art to
- Is there insurance on your artwork
- Do they rent prints
- How much will you earn from a rental
- When will you get paid
- How will you be notified if your painting is leased
- Do they sell original artwork
- Do they sell prints
Romanova Art rents and sells original art, making it possible for a potential collector to live with a painting or sculpture before committing to purchase.
Romanova Art rents art to homes, apartments, restaurants, hospitals, and office space.
Romanova is looking to expand their portfolio of artists, so if you are interested in renting your art with Romanova, just email them with any questions you might have.
Cambridge Art Association
Cambridge Art Association is an art rental program service that rents art from artists based in New England to local corporate and non-profit partners.
If you are a CAA member and interested in participating in the art rental program, visit the Cambridge Art Association.
Curates art for their website looks for ways to include artists in their Shared Walls Rotating Art Program.
Visit IPAINTMYMIND to see if they are a fit for your art.
Allows you to show your artwork and earn revenue by original and commission sales, original and commission lease, print sales and print lease
To learn more visit Turning lease.
Art Unified offers leasing agreements that allow collectors to enjoy original artwork in their homes until they are ready to make a purchase.
Apply to join Art Unified if you are an artist interested in leasing your artwork.
How To Get Started Renting Art
Renting your original art can become a lucrative business, but how do you get started?
The first step is to take a look at the sites I have listed above and get familiar with what is involved with renting art.
The next step is to do a search for art rentals near you and reach out to them.
If you still can not find anything in your area try visiting your local art galleries, restaurants, and hospitals.
One of the best ways to start an art rental service is to contact other artists who lease art.
Ask them:
- How they got started
- Do work with a company
- Do they promote leasing art on their artist website
- How to protect your artwork
- How much should you expect to make
- For any legal advice
Conclusion:
You have heard me say many times in the past, there are many ways artists can supplement their income from their artistic skills.
An art rental program can easily become a lucrative asset to your art business.
The difficult part is just getting started.
Once you start doing a little research you will start to see everything fall into place for you.
Do you know any companies that rent art?
If you do, mention them in the comment section below to help your fellow artists who are interested in renting their artwork.
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