INNOVATIVE
ART
FINANCING

 

INSPIRING
ENVIRONMENT
THROUGH
ART
LEASING

 

 

About

Artemus offers innovative art financing, through leasing, allowing individuals to unlock the value of their art collections. We provide long term financing at competitive rates without the requirement of third party sale during or after the finance period.

Artemus provides art leasing to real estate developers, corporations and hospitality groups by offering them a financially advantageous solution to make significant works of art an integral part of their image, environment, and culture.

 

Services

INNOVATIVE ART FINANCING: A SALE-LEASEBACK

Artemus offers the most innovative financing solution for art collections through a sale-leaseback.

A sale-leaseback is a financial transaction in which a client (the lessee) owning a collection of art sells all or a portion of it to Artemus (the lessor), which subsequently leases the art back to the client at a yearly rate.

Our clients are art collectors, art dealers and galleries.

      ARTEMUS
SALE-LEASEBACK                              

Single digit financing rates
High leverage to value (up to 80%)
Up to 10 years
Client retains possession
No requirement for third party sale

VS

     OTHERS
   ART LOAN

9 to 40% per year
Maximum 50% financing to value
6 months to 1 year
Lender keeps the art
Loan to own or sell

 

ART LEASING

Artemus allows businesses to make significant works of art an integral part of their branding and  working environment in a financially advantageous way.

Our clients are real estate developers, corporations, hospitality groups and investors who share our belief in the unique ability of art to create iconic spaces and to enhance the environments in which we work and live.

  • LEASING ART                              

Top quality art for a fraction of the price
Conserves capital
Lease may qualify as a tax deductible expense
Benefits from the market fluctuations

VS
  • BUYING ART

Cost compromises quality
Large capital expenditure
Art is a non-depreciable asset
A risky bet on a changing market

 

How does it work?

FINANCING THROUGH A SALE-LEASEBACK:

  • Artemus will first review and value the artworks in your collection.
  • Artemus will issue a term sheet.
  • Artemus will then purchase the collection and lease it back to you.
  • In most cases, you will keep possession of the art.
  • At any time during the lease, you can buy back the collection.

LEASE:

  • You choose the art you like. Artemus can always assist you with the curating.
  • Once vetted by us, Artemus buys the collection and leases it to you.
  • You enjoy the art in your premises.
  • At any time during the lease you can buy the collection.

Leases are available for 5 to 10 years.

FAQ

Q: What type of art do you deal with?

A: We work with all segments of the art market from Old Masters to Contemporary Art. Liquidity is a criteria.

Q: What artwork is available?

A: Artemus buys artworks lessees want to lease or artworks they own.

Q: What are the leasing rates?

A: The leasing rates usually vary from 8 to 10%. The rates are derived from the collection’s fair market value, its liquidity and the creditworthiness of the lessee.

Q: How long is an art leasing transaction?

A: Usually 5 to 10 years. However, the client may terminate it at any time through the buyout option.

Q: Who keeps the art?

A: The client retains possession of the collection.

Q: Who pays for insurance and installation?

A: Insurance and installation are arranged by us, making leasing art a hands-free deal for the client. The cost will be added to his monthly lease payment.

Q: Who are your clients?

A: Our clients are private collectors, art dealers, art investors, corporations, hospitality groups and real estate developers.

Q: Where do you operate?

A: We are located in New York City but we offer our services globally.

Team

Artemus was formed in 2014 by The Durst Organization, David Storper and Asher Edelman. With over 85 years of combined experience in fine art, finance, and real estate, Artemus is uniquely suited to fulfill its premise and its promise.

PARTNERS

The Durst Organization is one of the oldest and most prominent family-run commercial and residential real estate companies in New York City. It is the co-developer of One World Trade Center.

David Storper is the co-founder of Armory Merchant Holdings and has over 20 years in the distressed investment field. He was previously a founding member of WL Ross & Co LLC.

Asher Edelman is an internationally recognized financier and art collector with over 50 years of experience in corporate takeovers and acquisition and sale of fine art.

MANAGEMENT

Asher Edelman, Managing Member

Cedric Autet, Chief Operating Officer

Adelaide Roset, Vice President

Alexander Hamilton, Executive International Sales Director

Leigh Mozes, Operations

Press

NEW YORK TIMES: Real Estate for the 1 Percent, With Art for the MassesThe landscape is starting to change, leading to what will soon be an almost walkable itinerary of some serious art in and around Manhattan buildings. Read more

NEW YORK TIMES: A Landlord rents office space, and maybe a picture or twoA business being started by the Durst Organization, the big Manhattan office landlord, and Asher Edelman, a New York art financier, plans to acquire fine art and allow banks, hedge funds and other businesses to lease it for their office walls. Read more

ART MARKET MONITOR: Edelman, Storper & Durst join forces in art rentals for Manhattan tenantsArtemus will lease works by well-known artists like Andy Warhol and Frank Stella under leases of five years or longer for annual fees he estimated might be 6 percent to 12 percent of the artworks’ market value. Some of the leases may also include an option to purchase. Read more

PRIVATE ART INVESTOR: Asher Edelman targets art leasing with ArtemusWhen visitors walk into the lobby of One World Trade Center, they will not be able to miss José Parlá’s 90-foot abstract mural, the biggest work of its kind in New York. This piece, and the other works in the tallest building in the western Hemisphere, have also inspired the launch of a new leasing company by Asher Edelman. Read more

ARTSY: Unity through abstraction: One World Trade Center’s inaugural art collectionThe pieces that hang in One World Trade Center, all large-scale, abstract works, were chosen for their ability to jolt World Trade tenants out of their daily grind—as the gallery’s founder, Asher Edelman, has said, the works were selected to inspire passersby “to look up from their hand-held devices and actually look around them.” Read more

The Artists of One World Trade CenterNew York, NY — Edelman Arts in collaboration with the Durst Organization and the Port Authority of NY & NJ presents a public art collection curated for One World Trade Center.

Art as Branding: 1AN Art Symposium at Art Miami New York2015by Asher Edelman Perhaps the two most important aspects of branding any product are impact and recognition.  Impact, the first visual reaction – recognition the result of continued exposure to an image, setting, or product.  It is good branding because art makes a statement. Read more

Contact

Artemus
135 E. 15th Street
New York, NY 10003

+1 212 472 7770
info@artemus.com

 
 
Asher Edelman, Managing Member
+1 212 472 7770 | aedelman@artemus.com

Cedric Autet, Chief Operating Officer
+1 212 288 8822 | cautet@artemus.com

Adelaide Roset, Vice President
+1 212 288 8858 | aroset@artemus.com

Alexander Hamilton, Executive International Sales Director
+1 212 472 7770 | ahamilton@artemus.com

Leigh Mozes, Operations
+1 212 472 7770 | lmozes@artemus.com