FAQ
Who can rent works of art?
Everybody! Both private individuals and
companies. Companies can even claim the monthly rental fees for tax purposes.
What kind of art can i find in the collection?
Exclusively
originals, both paintings and objects. Primarily contemporary art but also partly
classical modern art.
How does it work with my right of first refusal?
The monthly fees
depend on the duration of the loan and the current value of the artwork. As soon as the
loan agreement is signed, the borrower retains the right of pre-emption for this work up
to one month before the end of the loan period. Two months before the end of the rental
period, smart-collectors asks the borrower to decide within the next four weeks whether
to continue to lend, buy or return the work. If the borrower wants to buy the work of
art, he or she buys it at the price agreed in the loan agreement, even if the current
value has risen.
How much does shipping cost?
There are no further shipping costs.
What happens if i want to exchange the artwork?
After the loan
period, the borrower can return the work of art without any further restrictions. It is
not possible to deduct the previously paid rental fees from another work.
How is the artwork brought to me?
smart-collectors delivers the
artwork personally to you. We arrange an appointment with the borrower and deliver the
artwork accordingly.
Who assembles the artwork for me?
smart-collectors is happy to
help you with delivery. Otherwise, a nail is also quickly hammered into the wall.
What do i have to consider when dealing with the artwork?
As a
general rule, smart-collectors require a species-appropriate approach to art. This means
that paintings are not exposed to aggressive sunlight or hung in rooms with high
humidity.
Are the works of art insured?
smart-collectors insures all works
of art. Thus, the artwork is also insured with the borrower during the loan. If a mishap
should occur, the insurance will take effect and a restoration of the artwork will be
considered if necessary. It is important to note: Own repair attempts cannot be started.
How does billing work?
At the beginning of the term, a loan
agreement is concluded with the borrower. On this basis the monthly fee is to be
paid.With Paypal+, direct debit or regular transfer orders, this amount can be easily
and conveniently paid to smart-collectors on time.