Bank) and ArtBanking. Art bank refers to the entrusted institution that leases works of art as deposits and withdrawals. Internationally, it usually means that folk cultural and artistic institutions buy artists' works and then sublet or sell them to government agencies, public spaces, enterprises and private individuals for display, decoration and collection. Art banking business refers to art banks that occupy an increasingly important position in private banking business, plus' ing', which refers to banking services for art investment, serving collectors and supporting young artists.
First, foreign art banks.
1972, National Arts Council of Canada
Arts Council of Canada
ArtBank) is the pioneer of art bank. The main business activities of Art Bank of Canada include: purchasing, leasing and extending services. As far as the purchase process is concerned, artists who intend to sell their works need to apply to the Canadian Art Bank. If the application is accepted, the Canadian Art Bank will appoint experts to inspect the artists. After evaluating the value of the artist's works, these experts will provide evaluation reports and purchase suggestions to the Canadian Art Bank. According to Henry, Chairman of Art Bank of Canada, Art Bank of Canada makes offices and public spaces accessible to Canadian artists by buying and renting their works from customers all over the world, thus supporting and promoting Canadian contemporary artists and exposing more audiences to Canadian contemporary art. ..
Its rented artworks are suitable for public and private office environments, and customers radiate both inside and outside Canada. As a self-financing organization, it buys artists' works through peer review mechanism with the income earned, and ultimately supports artists' creation. As of 2007, Art Bank of Canada has 65,438+08,000 paintings, prints and sculptures by 2,500 artists, making it the largest contemporary art collector in Canada. All these works are rented from companies, institutions, government departments and offices, and the rental price is so cheap that they call it' amazing'. The rental price of each artwork is $65,438+0.20 ~ 3,600 per year, and the minimum rental contract is $65,438+0,000 per year, starting from 2 years. After 2 years, you can renew the lease or choose a brand-new combination. Consultation, preparation and placement start at $250.
It is worth mentioning that two-thirds of the collections of Art Bank of Canada have been successfully rented out. This not only supports the creation of Canadian artists to a great extent, but also has a great impact on the Canadian art market, and also gives more and more Canadian public access to their own art. With the increasing influence of the Art Bank of Canada, artists gradually realize that the Art Bank of Canada actually plays a very important art exhibition function. Therefore, they are very happy that their works can be purchased by the Canadian Art Bank, and regard this as an important step in their career development.
Art Bank of Australia was established in 1980 (Art.
Bank) is one of the successful examples of Australian federal government proudly supporting cultural and artistic undertakings. According to reports, the Australian Art Bank is affiliated to the Ministry of Communications, Information Technology and Arts of the Australian Federal Government. The so-called art bank is an art rental program promoted by the Australian government, which buys excellent works of local visual artists and craftsmen and rents them to local people.
Compared with the art banks in some European countries, the Australian Art Bank has a clearer purpose of CCB, that is, to encourage and support talented, young and up-and-coming Australian artists to create more outstanding contemporary visual art works, and at the same time, through the acquisition, exchange and exhibition of these works, more Australians can enjoy their artists' works. In this process, these works continue to appreciate, and the income obtained by the art bank is invested in the construction and development of Australian art undertakings. By the end of 2005, the Art Bank had collected more than 9,000 works by nearly 3,000 artists from all over Australia, including paintings, prints, photos, watercolors, sculptures, ceramics, glass works, textile handicrafts, as well as oil paintings, bark paintings, prints and sculptures by many famous indigenous artists, with a total collection value of over 20 million Australian dollars.
When renting works, Art Bank also adheres to its CCB philosophy, that is, to give customers the right to display the latest Australian contemporary art works in the most economical way, so that a wider range of people can enjoy the works of domestic artists. Art Bank, as one of the largest institutions in Australia to buy contemporary works of art, rents a wide range of contemporary works of art to customers at reasonable rent. Rent is calculated on an annual basis. The minimum annual rent is 550 Australian dollars, and the minimum for a single work is 1 10 Australian dollars. After the expiration, the work can be replaced or renewed. The lessee may also apply for refund of the tax included in the rent within the financial year. In addition, Britain, Norway, Japan, South Korea, Singapore, India and many other countries have also set up art banks.
Second, the art banking business of foreign commercial banks
In fact, the oldest and largest banks in the world, such as Union Bank.
Switzerland), Deutsche Bank, BNP Paribas, ABN Amro.
Bank), Bank of JPMorgan Chase (JP Morgan Chase & amp；
Co.) and so on. There is a fairly complete art banking department and a complete art banking service system, from identification and collection to preservation and trust. "manage this life well, but also manage the afterlife", as the saying goes, "painting can protect three dynasties, and wealth can protect three generations." It is reported that the Art Bank can charge a lot of money when providing this service.
If you provide international price consultation for the works collected by customers, the minimum consultation fee is 3500 euros; If a guest wants to entrust a bank to sell his collection, there will be a sales commission ranging from10% to 30%; If you want to mortgage, you can generally get a credit line of 50% of the policy value, plus the bank's preferential interest rate as the bank's loan handling fee. If a fund or trust is established, it should be at least 1%~2% of the total assets. Banks and private bankers also "act according to circumstances" and their fees are not fixed.
Take UBS Art Bank as an example, which was once rated as "the best art bank in the world" by Eurocurrency magazine. According to the information released by UBS Group AG official website, the Art banking business of UBS Art Bank mainly consists of five parts: art research business (art
Research), art trading, art management, structured business.
Solutions), art platform business (art
Platform). Art research business provides customers with relevant information about the collectible market; Art trading business provides customers with suggestions on art trading and establishing a collection system; Art management business provides customers with collection valuation services, as well as collection transportation, insurance, storage and repair services; Structural solutions business provides customers with services in the protection of artistic assets, such as assisting heirs or foundations to protect artistic assets; Art platform business is based on Art Basel.
Art exhibitions such as Basel and Art Basel Miami Beach are platforms for providing on-site art banking services to customers.
In fact, the important advantage of UBS Art Bank is that the art banking business and art collection system complement each other. Because "art bank involves consulting services such as art trading, maintenance and valuation, trust, management and protection of art assets. The extensive reputation of its art bank also benefits from the existence of UBS art collection system and the trust of customers brought by art sponsorship and other activities. UBS's collection system itself is a golden signboard, which is undoubtedly attractive to its existing and potential customers. "
Compared with UBS's art banking business, Deutsche Bank (Deutsche Bank)
The bank's art banking business is much lower-key. In fact, Deutsche Bank's own collection is spectacular, even surpassing the collections of many professional art galleries. Deutsche Bank has spent more than 30 years collecting more than 56,000 contemporary works of art, and displayed these collections in 850 branches of Deutsche Bank in 65 countries. In the headquarters of Deutsche Bank in Frankfurt, Germany, each floor of the 55th floor of the headquarters office building is named after an artist.
In Deutsche Bank's London office, the 60 meeting rooms in the office are also named after British and German artists such as Freud and richter, and their works are displayed on the wall. Because Deutsche Bank believes: "This will help bank employees to understand the world more deeply, and at the same time, it can also support artists' creation. "Deutsche Bank's art banking business is placed in the Private wealth management department (private
Wealth management). In the private wealth management department of Deutsche Bank, "tailor-made expert services" (expert services meet your needs
Need), the establishment of art consulting business (Art Advisory.
As one of the largest institutional collectors in the world, Deutsche Bank's art banking business mainly includes four parts: "The first aspect is the collection system planning, that is, the establishment of new collections or the expansion of existing collections.
With its years of experience in art collection and operation and international network platform, Deutsche Bank seeks high-quality and value-preserved works of art for its customers. On the basis of respecting customers' personal artistic hobbies, we provide strategic planning for customers through auction houses, exhibitions and galleries to avoid improper investment risks. The second aspect is value preservation. When customers want to keep their existing art collections or further develop them, Deutsche Bank provides them with value evaluation, appraisal and related documents. In addition, they also provide suggestions on the restoration, transportation and insurance of art assets, as well as suggestions and plans for the preparation of personal foundations and art donations; The third aspect is future planning, which involves inheritance. When customers inherit a batch of artworks and antiques, Deutsche Bank can provide them with various alternative development suggestions, including consolidating the benefits brought by the inheritance and splitting the inheritance to maximize the value. The fourth aspect is collection management. When customers suffer from time-consuming collection management, Deutsche Bank provides them with expert help, including establishing collection concepts and suggestions on the operation of the art market, and can also provide practical operations to represent customers' collection management.
As the earliest commercial bank in the world to set foot in the collection of contemporary art and one of the largest institutional collectors in the world, JPMorgan Chase Bank has more than 30,000 collections. JPMorgan Chase Bank's art banking business is based on its rich collection of contemporary art. Compared with UBS and Deutsche Bank's art banking business, JPMorgan Chase Bank does not carry out art banking business alone, but incorporates it into private asset management in private banking business. Collectibles are classified as private assets along with jewels, airplanes, boats and antique cars. JPMorgan Chase Bank provides services such as property management and appreciation, property transfer, trust and property protection for these personal assets, and also specializes in "foundation and donation" business.
Third, the development prospects of the Art Bank
Both "art bank" as an art institution and commercial banks engaged in "art bank business" have had a very important impact on the art market. The former not only supports the growth of artists, but also increases the opportunities for the public to get in touch with art. The latter helps the customers of commercial banks to solve a series of "worries" that have troubled them for a long time, from identification, collection and custody to loans, mortgages and trusts. Once these bottlenecks are solved, the number of participants in the art market will greatly increase. For example, on June 9, 2009, the Private Banking Department of China Merchants Bank launched the "Art Appreciation Plan for Private Banks".
The mode of this art appreciation plan is: firstly, the Chinese Wall Art Museum, a cooperative institution of the private banking department of China Merchants Bank, provides works of art for customers, and customers choose their favorite works of art from them. Then, the customer deposits the corresponding deposit into the bank. Meanwhile, customers have a free appreciation period of 1 year. During the appreciation period, customers can take the artworks home, appreciate them carefully and interpret them slowly. This is equivalent to a kind of "private enjoyment" space. If customers need to know more about the artist's creative motivation and inspiration, the private banking department of China Merchants Bank can also help customers communicate face-to-face with artists.
If this artwork depreciates within 1 year, the customer can return the artwork and charge a management fee. If it appreciates, investors can still buy this artwork at the price of 1 year ago. In addition, the Private Banking Department of China Merchants Bank also provides customers with smooth sales channels. As the risks of customers were firmly locked, more than 70 works of art launched by China Merchants Bank were quickly robbed. A new art business model will naturally have great vitality if it can meet the needs of customers.
In recent years, the establishment of Hong Kong Baoqutang Art Investment Finance Co., Ltd., Beijing Century Wall Culture and Art Center, Shanghai Palace X Art Bank, Shanghai Zendai Art Bank, China Construction Bank Zhejiang Branch Art Wealth Management Center and other professional art banks or art banking departments under commercial banks have convinced us that art banks will also have a very broad development prospect in China.