Art rental consultancy draws in record orders

A London art rental consultancy brought in a record multi million pounds in 2019.

ARTIQ, which curates and rents art collections, has announced a record £3.1m secured orders in 2019.

The company has paid more than £5m to artists, makers and institutions since launching in 2009, 75 per cent of that in the last three years.

ARTIQ’s turnover in its first year of trading, was £12k, meaning that it has increased its turnover by 258 per cent in the last decade.

It now employs 29 staff at its London offices.

Patrick McCrae, chief executive of ARTIQ, said: “My vision was to create a business that combined purpose and profit.

“I am delighted that the business is continuing to grow at around 20 per cent year-on-year and that we are working on projects across the globe, helping our clients engage with their staff and create better, more productive environments through the power of art.

“But I am most proud of the fact that, with every new project we launch, we are helping to fund the future of the individuals who are shaping the future of art and culture.

“We are passionate about our work and we have ambitious plans to continue growing the business.

“We want ARTIQ to be at the forefront of creating a sustainable art economy, making art accessible and affordable to all.”

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