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Public exhibitions thrive on the mutually beneficial relationship between private collectors and museums. For private collectors, lending artwork to museums confers numerous advantages. These include: sharing the viewing and appreciation of art with the general public who may otherwise not have access to it; promoting the study and scholarship of art; enhancing an artwork’s provenance and, in turn, increasing its monetary value; enjoying potential tax benefits; and saving costs on storing and conserving the art. Likewise, museums profit considerably from art loans by private collectors, which afford them the opportunity to exhibit works they may otherwise not have been able to acquire and thereby fulfill their mandate of increasing publi...
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