Why Do Corporations Buy Art?

What does art on the wall say?Curators are usually involved to advise corporations - and many corporations are feeling investments in art are part of their social conscience at the same time as other reasons. For some art is a risky investment asset with a reasonable prospect for appreciation, as well as a business expense deductible for tax purposes.

Published on Nov 14, 2019

Views: 22,335+

Corporate lobbies and board rooms are often graced with impressive art, but why? What's the rationale behind this expense, and what impact does it have on the rest of the art world? We look at the history of corporate collecting, starting with Chase Manhattan Bank in 1959, trace its meteoric rise since, and work through the reasoning behind it. #art #corporateart #arthistory

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