Mark Russo, CEO of Foundation Michelangelo has just announced plans to offer its fine art sculpture collections for lease. FM owns over 700 original master molds for sculpture. The master mold collection subject matter includes North American wildlife, Africa wildlife, Historical, cultural, Western, Americana and biblical images. The sizes of the pieces range from just desk top pieces to some of the largest bronze castings ever created, including 50’ tall eagles and 25’ equestrian art.
FM will make available its massive bronze sculpture collections not only for sale but for lease. There are literally hundreds of very successful companies that have art leasing, but mostly focus on painting and flat art only. Foundation Michelangelo will be the only company to provide its high-end bronze images for lease with stands and pedestals.
“Imagine being able to lease a 20 piece, $1 million dollar fine art sculpture collection with pedestals and display stands for just a few thousand dollars per month. We have a wide-open market and zero competition. The sky is the limit. Having the ability to enhance your home or office with an amazing appearance and presence of masterpiece creations for a very small and affordable price gives our clients something no one else can,” says Russo.
FM, will be able to lease not only its small desktop and interior pieces but monumental works of sculpture that are larger than life size including life size bronze eagles and numerous life size and larger wildlife images. The company plans to provide 1-5 year term leases paid on a monthly basis. The lease agreement will include insurance, delivery and even display and pedestal stands. FM will also provide the client with the option of rotating pieces in and out the of the agreement giving more of a variety of fine art throughout the duration of the lease.
“Now with the ability to lease our collections, FM will be building in monthly recurring revenue while still owning the asset of the collections. This will really allow us to build strong stock value” says Russo.
Foundation Michelangelo provides high-end limited-edition bronze sculptures for charity fundraising events as well as creating and distributing its world-class images to fine art galleries in the United States. The subject matter of these pieces ranges from wildlife themes to historical, cultural, western, and biblical.
Foundation Michelangelo has amassed a master mold collection of more than 700 original works of art including many works from world-famous artists, Lorenzo Ghiglieri and Laran Ghiglieri, as well as master molds that originated from the Vatican and the Villa Borghese Museum in Rome. Bernini and Michelangelo are also among the artists that are included in the mold collection.
The company has a strong focus on philanthropy. One of their main business divisions is their charity auction program, which provides fine art pieces for fundraising events and auctions. The unique business model sets the company apart from the rest. Russo created this innovative model in 1998 by placing valuable bronze castings into gala charity fundraising events and giving 50 percent of the final sales price of the pieces to the nonprofit with no strings attached. The first piece sold for $63,000. This model has subsequently created tens of millions of dollars in revenue for the nonprofits.
“Foundation Michelangelo Corp is now positioned to be the sole provider of high-end bronze sculptures for nonprofit auctions throughout the United States,” says Russo. “With more than 600,000 live charity auctions per year, and growing daily, the ability for Foundation Michelangelo Corp to scale its auction model is beyond exciting for just one of its profit centers.”
Foundation Michelangelo has had a third party independently appraise its mold collection at more than $900 million. This asset of master molds took more than 35 years to create and is truly irreplaceable. Currently, Foundation Michelangelo Corp has no debt and has successfully completed its first round of equity finance of $1 million.