In addition to the artwork leasing fee, Taiwan Art Bank can help you handle the transportation and insurance matters for a fee.
1.Lease is set at 0.4% of the artwork price.
2.1-month base unit and leases less than a month shall count as 1 month.
3.Lease formula: Artwork price x 0.4% x Lease period (months)
*In general, the relevant artwork leasing costs include an artwork insurance fee, packaging, transportation, and exhibition setting up (and dismantling) costs.
*Coordinate with rental needs, such as space reconstruction required by the lessee, graphic or space planning designs, and thematic curation (which shall be the responsibility of in-house curator or an externally recruited curator), the costs of which shall be additionally calculated according to the actual conditions.
Fee Example 1：
Ming, who has a studio in Taichung, wishes to lease an artwork that he saw on the Art Bank website (which was originally purchased for $ 600,000 NTD) for half a year.
After evaluating the space and checking the artwork, the leasing fee and service fee are calculated as：
$600,000(NTD) x0.4%x6(months) =$14,400(NTD)
Relevant artwork leasing costs
Artwork insurance fee is $3,000 NTD (subject to change depending on the total value of the artwork and space conditions; this surcharge is a floating rate)
Transportation (to-and-fro), set-up, and dismantling (2 persons): $7000x2=$14,000NTD
(subject to change depending on the number of artwork pieces, distance of transportation, and the difficulty of set-up and dismantling; this surcharge is a floating rate)
The total lease price is $31,400 NTD.