Kasum Contemporary Fine Art, Inc. Oklahoma City, OK, United States

Contact: inquiry@kasumcontemporary.com

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Leasing Art

Leasing artwork can be the perfect solution to the décor decisions you have to make in your office or home space. Kasum Contemporary Fine Art offers an arrangement whereby art is leased-to-purchase or leased in cycles, thus allowing you to ensure that your space is continually refreshed and revitalized. Frequent visitors will feel the added dynamism that original artwork adds to the atmosphere, and you will give the impression of being always up-to-date as older works are replaced by newer ones. You can also change the artwork around as you alter the other furnishings of the room, meaning you will always have the art that is right for the appearance of the room.

You may be unsure about what kind of artwork you are looking for, and what sort of effect you want to produce. By leasing art, you can try out different styles for finite periods of time, enabling you to see just what kind of effect each one has on the room. Leasing is an excellent option for companies or families who love good artwork and variety, but have a budget to consider. The costs can be factored in as interest free monthly payments, representing far less immediate expense than would be the case with buying works outright.

If it happens that when you have leased an artwork, you fall in love with it and do not want to return it at the end of the leasing period, you can extend the lease. Alternatively, purchase is an option; with the leasing costs deducted from the price of the work. Leasing is a solution that has been embraced by many well-known companies and individuals. There are also many tax benefits that come with corporate artwork leasing. We encourage you to consider leasing artwork for yourself and your home or office space.

Why Should Your Company Lease Artwork
  • Conservation of Capital - The capital conserved, while leasing art as an operating expense, can be utilized for other capital expenditures. The average return on capital can range from 10% to 25% AFTER taxes. Original artwork is also far less likely to depreciate in the same manor that décor would. Many offices spend obscene amounts of money decorating their spaces with décor which depreciates to zero value within the first year of ownership. This is a rather poor use of capital expenditures when compared with the stability and appreciation of original art.

  • Tax Benefits – Any company operating an artwork lease is eligible to deduct a minimum of 60% of the monthly payments as an operating expense on their tax return; there by adding 100% of the value of the art to your company capital while only paying a max of 40% of the artworks value after deductions. Leasing artwork literally allows you to create capital while creating true atmosphere. Bank financing would allow only the interest costs to be included as operating expenses. Check with your tax adviser to determine how this may LOWER pre-tax income and reduce your taxes significantly.

  • Popular Business Option - Leasing has become an increasingly popular method of resource utilization because it offers a number of advantages over more traditional alternatives, such as cash purchase or bank financing. An art lease agreement is a contract in which the user (the lessee) pays for the use of the art while the lessor owns the art. These leases may result in the purchase of the artwork at no added expense. Kasum Contemporary has many open leases with companies around the Oklahoma City metro in industries ranging from energy to tech. Client references are available by request.

  • Conservation of Credit - A lease is not a loan. Borrowing reduces lines of credit. Leasing is an operating expense and hence, allows the customer increased borrowing capacity.

  • Off Balance Sheet Financing - An operating lease keeps the debt, and the corresponding asset, off the company's balance sheet. Therefore, borrowing debt covenants are circumvented, financial ratios are enhanced, and borrowing capacity is increased.

Selling Art

If you wish to sell works from your collection, Kasum Contemporary Fine is uniquely positioned to impartially advise on every step of the sales process. Kasum Contemporary Fine will analyze and advise on where, when and how to sell to maximize return and meet other client initiatives.

  • Complete confidentiality.

  • Solicitation of sales proposals from primary market and secondary markets.

  • Negotiation on client’s behalf to secure the most advantageous terms of sale and financial packages.

  • Comparative analysis of competing sales proposals.

  • Management of sales process with consistent client communication from a single point of contact.

  • Leveraged market relationships to grant client access to preferential terms and auction and competitive sales solutions in all collecting categories.

  • Facilitation of estate.

  • Sale of salvage on behalf of insurance companies.

Estate & Divorce Liquidation

Kasum Contemporary Fine will facilitate the sale of estate property to maximize profits for the beneficiaries and meet other client initiatives. Kasum Contemporary Fine also has extensive experience assisting clients with liquidation needs of collection of all types of fine art, decorative art, jewelry and collectibles, including in the event of family division. To ensure equitable distribution of property in divorce proceedings, Kasum Contemporary Fine can prepare an inventory report, a Fair Market Value appraisal, or a Marketable Cash Value appraisal to assist in the property division decision-making process.

Sales Services Include: