ALEVON

What is Alevon? 

Here is a brief video introduction explaining "What is Alevon". Alevon is the first online marketplace dedicated exclusively to renting fine art valued at over $100,000. 

Who founded Alevon?

Alevon was founded by Daniel Novela Esq., who is also the founder of Novela Law. Daniel is a corporate and art lawyer with over 25 years of experience, a member of the Florida Bar, and serves as an Adjunct Professor at the University of Miami School of Law.

Who can use Alevon?

Alevon is a member-based platform catering to two main groups:

1. Art renters: Individuals, families, family offices, and companies seeking to experience and showcase high-value artworks.
2. Art owners: Collectors, galleries, artists, art investment funds, art storage facilities, and others owning or with access to valuable art collections.

All users must be approved members to access Alevon's services, including browsing artworks, renting pieces, or listing art for rent.

Can I submit artwork without being a member?

Yes, you can submit artwork for consideration without being an Alevon member. This allows artists and collectors to potentially have their work featured on the platform without committing to full membership. However, before a owner can rent out the artwork, they need to become an approved member.

What are the membership requirements?

To become an Alevon member, you must:

• Be invited to be a Member. At this time membership is by invitation only, either by Alevon or an existing member.
• Be at least 21 years old
• Pass Alevon's vetting and background process
• Pay the required membership fees (waived for art owners who list their art on Alevon)

What does the membership approval process involve?

The membership approval process includes:

1. Submitting an application at https://alevon.com/account/register
2. provide invitation information for verification
3. Providing necessary documentation for identity verification
4. Undergoing a background check
5. Review and approval by the Alevon team

What are the membership fees?

• At this time membership is by invitation only, either by Alevon or an existing member.

What benefits does Alevon membership offer?

For detailed information about Alevon membership, including its benefits and requirements, please visit our dedicated membership page. This page provides comprehensive insights into the value of becoming an Alevon member and how to apply. We are adding more partnerships, so check back often.

Can I cancel my membership?

Yes, you can cancel your membership at any time by contacting us at hello@alevon.com or (305) 990-1305. Our team will assist you with the cancellation process and provide any necessary information regarding ongoing rentals or listings.

How does the art rental process work? 

Here is a brief video explaining Alevon's "Art Rental Process". This process includes:

1. Museums, collectors, and artist estates list their artworks on the platform with availability dates and pricing.
2. Renters browse the collection, select an artwork, and make a reservation. 
3. Once confirmed, the renter pays the rental fee and a refundable security deposit. 
4. Alevon arranges for the artwork to be delivered and installed at the renter's approved location. 

Is a security deposit required for rentals?

Yes, a refundable security deposit is required for each rental. The amount is determined based on the value of the artwork and other factors. This deposit helps ensure the safety and proper care of the artwork during the rental period, and serves as a deposit in case of any damage or theft.

How long can I rent an artwork? 

Rental periods can vary based on the owner's preferences, ranging from monthly to annual terms. Specific durations are listed with each artwork. 

Can I rent an artwork for less time than the minimum payment period?

Yes, you can have the artwork for any period shorter than the minimum payment period. However, please note that you will still be responsible for paying the full amount corresponding to the minimum payment period.

For example, if an artwork has a minimum payment period of three months, you can choose to keep the artwork for just one day. In this case, you would still pay for the full three month's rental fee, but you have the flexibility to return the artwork earlier if you wish.

What information is provided about the artworks? 

Listings include comprehensive information such as: 

• Artist
• Museum provenance and institutional history
• Medium and dimensions
• Condition reports 
• Rental availability 

How is the artwork delivered and installed? 

Alevon partners with industry-leading art moving and storage companies like Uovo to provide professional delivery and installation services for a seamless experience. 

Can I cancel a rental, and what are the terms? 

Cancellation policies vary depending on whether it's a Fixed or Flexible Rental: 

• Cancellations made more than 30 days before pickup (or casting if a new sculpture) generally incur no fee. 
• For cancellations closer to the rental date or during the rental period, specific terms apply, which may include fees or forfeiture of the rental payment. 
• Contact Alevon for detailed cancellation terms for your specific rental. 

At Alevon we literally source artworks from museum permanent collections.

Our collection includes:

• Museum Permanent Collections: Artworks owned by prestigious institutions that are made available for rental while remaining in the museum's collection
• Museum-Level Private Collections: Pieces from renowned collectors whose holdings rival major museums
• Artist Estates: Works authenticated and managed by official artist foundations
• Blue-Chip Galleries: Pieces with documented museum exhibition history

Unlike others who may use the term "museum-quality" loosely, we partner directly with museums to offer artworks from their permanent collections for rental. Our minimum threshold of $100,000 and strict authentication requirements ensure every piece genuinely meets institutional standards, these may include:

• Provenance documentation
• Exhibition and publication records
• Insurance appraisals
• Condition reports

Many of our artists—including Warhol, Basquiat, Picasso, Hirst, and Murakami—have works in the permanent collections of MoMA, the Guggenheim, the Tate, and other world-class institutions. When you rent from Alevon, you're not just getting art described as "museum-quality"—you're accessing actual museum collection pieces, making this a unique opportunity to display artworks typically only seen in institutional settings.

Considering buying million-dollar art? Learn the costs, smart alternatives, and why companies, real estate developers, and hospitality leaders choose to rent museum-quality artwork from Alevon.

What are the hidden costs of owning million-dollar artwork?

Owning a $1 million artwork costs far more than the purchase price. At auction, you'll pay $1,260,000 at Christie's (26% buyer's premium) or $1,270,000 at Sotheby's (27% premium as of February 2025). Then add annual carrying costs of $27,000-$43,000, including insurance at 1-2% of value ($10,000-$20,000 per million), professional storage ($14,400-$16,800 annually), transportation ($2,000-$5,000 per move), conservation treatments ($5,000-$20,000), and annual appraisals ($500-$1,500). Over 5 years, your total investment reaches $1,395,000-$1,485,000. When selling, expect to wait 6-18 months and pay another 10-25% in auction commissions.

With Alevon rental at just 2-5% annually ($20,000-$50,000 for a $1 million piece), you spend only $100,000-$250,000 over 5 years—saving $1.1-1.4 million while preserving capital for other investments. All insurance, storage, and handling costs are included in one transparent fee.

Is it better to buy or rent expensive fine art?

For most collectors and businesses, renting provides superior value. The financial difference is striking: that same $1 million artwork requiring $1.26-1.27 million upfront to purchase costs just 2-5% annually to rent through Alevon, with insurance, transport, storage, and maintenance all included. Businesses gain additional advantages through 100% tax deductibility of rental fees at the 21% federal rate, while purchased art requires depreciation over years. You also maintain complete flexibility to change artworks seasonally or cancel with 15 days notice, versus the 6-18 month process and hefty commissions required to sell. Alevon offers authenticated pieces from top-tier collections, including works sourced from museum permanent collections and institutional holdings.

How much does it cost to buy an original Andy Warhol painting?

Original Andy Warhol paintings range from under $100,000 to over $195 million. "Shot Sage Blue Marilyn" sold for $195 million at Christie's in 2022, becoming the most expensive American artwork ever sold. Previous Marilyn sales show dramatic appreciation: $4.01 million (1989), $17.3 million (1998), demonstrating the market's volatility. However, purchasing any Warhol means accepting annual carrying costs of 2-4% of the artwork's value. A $10 million Warhol costs an additional $200,000-$400,000 yearly for insurance (1-2% annually per AIG, Chubb), professional storage ($1,200-$1,400 monthly), plus conservation and transportation.

At Alevon, experience authentic Warhol pieces valued between $100,000 and $10 million, starting under $1,000/month with all costs included. Our collection includes works with exceptional provenance, including pieces sourced from museum permanent collections.

What's the average price for a Jean-Michel Basquiat painting?

Basquiat paintings command $2.5-$10 million for works on paper, with major canvases exceeding $100 million. "Untitled" sold for $110.5 million at Sotheby's in 2017. These blue-chip works require massive capital commitment plus ongoing costs that can exceed $100,000 annually just for insurance and storage. Through Alevon, display authentic Basquiat works on paper starting at $6,000/month—less than just the annual insurance premium on a purchased piece.

Where can I buy or rent museum-quality art valued over $100,000?

High-value art typically sells through Christie's, Sotheby's, established galleries, and private dealers. Alevon offers a curated selection of authenticated artworks, including pieces sourced from museum permanent collections, institutional holdings, and prestigious private collections. Access authenticated works by artists like Warhol, Basquiat, Picasso, Hirst,and Murakami through our rental program at 2-5% of value annually.

Can I rent fine art before deciding to purchase?

Yes. Many collectors use Alevon's rental program as an extended evaluation period, living with museum-quality pieces for months before making purchase decisions elsewhere. This eliminates buyer's remorse on million-dollar acquisitions while costing less than just the carrying costs of ownership. Our members often discover that the flexibility of rental—changing artworks seasonally or for special events—provides more value than static ownership. While Alevon specializes in rental, many pieces on our platform are also available for sale, and we facilitate purchases for clients who develop connections with specific artworks after renting.