Like other workplace perks. Art can help attract and retain employees, inspire them. Improve their productivity. Even if you don’t like the art, it at least gives you and colleagues something to gripe about.
Art on the walls can serve the clients too. It can communicate a variety of messages, like maybe a river picture in a wood panel law office says, hey! not only do we have money, but we’ve been around a long time, you can trust us. If maybe an enormous photograph snatched for millions at auction says. “We grew our money super-fast, and we can grow yours fast as well.”
Not as who they are, but how they would like people to see them. So, a bank that is over a hundred years old actively commissions new works. The image they and lots of companies want to promote is not of a storied past, but now.
Companies might buy and display the work of local artists. Investing in their communities and to cultivate support. It can be a way of saying. We might be a multinational company, but we also know what’s going on in your town.
Art is usually considered a business expense. Every hundred million dollars of your company’s profits you spend on art. Is a hundred million you don’t have to pay taxes. You then are making discounting art purchases familiar. Put it another way, almost all individuals buy art with money which was taxed.
They want to be right community partners, but not at the expense of their financial interests.
For the most part, you’re not going to see controversy or challenging work on corporate walls.
You’re not going to visit your local bank. Then come across haunting unforgettable imagery evoking and subverting imagery.
Corporate collectors don’t tend to include nudes or anything violent. Some avoid social representation at all costs. Companies have come along way embracing the work of artists. But they’re never going to buy action of a burning bank if they say they are a bank and display it on their walls.