A Miami art gallery has launched a corporate art lease service for property owners and developers, The Real Deal has learned.
Diana Lowenstein Gallery, at 2043 North Miami Avenue in Wynwood, is launching the service. The gallery has worked with the Ritz-Carlton South Beach, the Epic Hotel in downtown Miami and most recently with the new Virgin Hotels Chicago, according to a release.
The program, which charges between 8 percent and 20 percent of the artwork’s value, includes installation, framing and delivery. It runs for a minimum of three years.
“Art and public spaces, especially hotels, go hand in hand,” Lowenstein said in a press release. “Designers and developers can now incorporate fine art into property décor with minimum investment and effort, and enjoy the added benefit of drawing interest from art-enthusiasts.”
Lowenstein provided art to the Ritz-Carlton South Beach in 2005 and in 2011. — Katherine Kallergis