In addition to the artwork leasing fee, Taiwan Art Bank can help you handle the transportation and insurance matters for a fee.
Rental Charges:
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:
Leasing fee
$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.