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Gimme Shelter

It won't keep you dry in a storm, but art makes a great tax break!

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This story appears in the February 2000 issue of Entrepreneur. Subscribe »

Here's a riddle: What investment is both beautiful and worth a sizeable tax deduction? Give up? The answer is museum-quality art purchased wholesale.

A Fort Lauderdale, Florida, entrepreneur offers high-net-worth individuals just such an opportunity through his company, ArtShelter. "What we're doing is best for people who need a bona fide tax deduction, have a philanthropic soul and have probably invested in other areas, such as the stock market," says ArtShelter founder Steven Brier.

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