ARCIS - Tax free art storage facility in New York
An innovative art storage and display warehouse has recently been unveiled in Harlem, New York. It is claimed to be the first tax free zone within the state, allowing art collectors save substantial sums on tax. The new facility has a security system that seems to belong in an action movie.
ARCIS art storage
The innovative art storage is aptly named ARCIS, which is Latin for fortress. In the aftermath of Superstorm Sandy in 2012, a number of lawsuits were filed against art storage companies alleging negligence. Insuring art within the notorious flood and surge zones in New York has been a nightmare ever since. ARCIS lies outside of these zones so management has been able to secure insurance for up to $3 billion worth of art. It has state-of-the-art systems such as iris and vascular scanners, contemporary climate control that changes the air three to five times a day, humidity control using reverse osmosis – and is built to be environmentally friendly.
The management team declared that ARCIS has been granted Foreign Trade Zone designation by US Customs and Border Protection, so items stored there will, in theory, enjoy special tax treatment within the US. Free ports, such as ARCIS, have traditionally been built in tax havens, such as Singapore, Geneva and Luxembourg. The first US freeport art storage opened in 2016 Delaware in 2016.
ARCIS’s Director of Operations, Kevin Lay, believes that “with state-of-the-art technology and customized, full-service solutions, ARCIS sets a new paradigm for the industry…” The art world too, it seems, is excited to experience the benefits of the facility which has raised the bar for global art storage and security standards.
Art storages in New York
UOVO is reimagining storage and services for artists, collectors, fashion designers, galleries, museums and more. UOVO offers 650,000+ square feet of climate-controlled storage in four New York locations and a complete suite of logistics including transportation, shipping, packing, and installation. We are happy to see UOVO among our adopters (uovo.art).
Having headquarters in Chelsea, NYC, Crozier (crozierfinearts.com) operates over 1.3 million square feet of art storage space across 19 locations. These facilities are served by a fleet of more than 80 specialist trucks spanning North America, providing convenient portals to domestic and international markets and enabling access to the most comprehensive art services and logistics resources available.
Christie’s Fine Art Storage Services (cfass.com) is the world’s premier storage provider for fine art, antiques and collectibles, as it is said on CFASS website. A state-of-the-art, newly opened New York facility offers three different types of storage options to suit clients’ needs, as well as a host of related white-glove services. By leveraging 25 years of storage experience as well as Christie’s renowned expertise with art and art handling, CFASS New York serves as the smart storage partner for collectors, galleries, institutions and advisors.
Why do we need art storages?
The number of art galleries and art objects is increasing at a rapid rate, that is why the demand for fine art storage is increasing too. For preserving fine art collection a facility should be secure and be able to safeguard any material. That is why art-storage firms choose fireproof buildings, trained security personnel, surveillance cameras, motion detectors, and transport.
