The National Bank of Canada has over 7000 pieces of original art making it one of the largest corporate art collectors in the country.
Early in my career, I was encouraged by the extensive variety of companies who purchased art.
For example, view artist Dorothy Knowles selected list of Corporate and Public Collectors on the Assiniboia Gallery website.
I discovered many firms purchase fine art exclusively thru an established Art Gallery, or accredited Dealer, due to their company protocol.
It’ s another reason for Artists and Dealers/ Galleries to work cohesively together, either in a representational or supporting role.
Alan Klinkhoff of Galerie Alan Klinkhoff writes “Corporate Art collectors “tend to “collect ” by marrying their interest with a higher purpose, encouraging artists etc and create a campaign getting exceptional publicity value for a relatively modest amount of money and end up with a piece or two of art. We are of the opinion that corporations should be buying “fine art” because it enhances the work environment, a place where employees and their clients spend so much time.”
Alan continues,”We have a number of clients ( investors) who own companies and buy with their own money outstanding works of art to put on the office walls, enhancing the experience of them , their employees and that of their clients.”
The Royal Bank of Canada’s corporate collection began in the 1800’s, displaying 4000 art pieces in their reception areas and board rooms across Canada.The RBC annual painting competition offers a hefty art prize to emerging artists.
A Boston Globe article ( 2012) suggests more companies are turning to original pieces.
Business’s small and large are purchasing original art for more than the tax deduction. (Seek professional tax advisors assistance).
Some companies express it is a way to invest in the community, celebrating local or national/international culture.
Dental offices and Medical Clinics claim having pleasing art can’ calm patient’s jitters’.
Progressive Insurance with corporate headquarters in Ohio, “boasts one of the most extensive contemporary art collections in the corporate world, and it’s more than just decoration: the company says it uses the art to encourage its employees to think creatively.” (Forbes Top Corporate Art Collectors)
The artwork we place in our homes, offices, boardrooms and clinics have a direct effect on our experience in these spaces.
Corporate collectors may have varying motives for purchasing original art, but they all make the world a little better by doing so.
NEW in the Studio~
Cloud Display 4ft x3ft Original Oil
You may recognize the island :0).
Hills 9×12 Original oil on board
~ to view cropped images, please see ART section of the site.
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Art Growth News ~
Prices will increase next month.
To purchase the artwork, please email me at dawn @dawnbanning.com
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