Detailed Rationale of Expenses for 12 Artworks Exhibition

This report provides a detailed rationale for the expenses associated with an art exhibition featuring 12 artworks, planned for a duration of three years. The total costs, amounting to £1,41,39,930, are broken down into the purchase and installation of artworks and annual maintenance. The report elaborates on the costs related to artwork acquisition from Hong Kong and China, including freight, insurance, import duties, VAT, handling fees, framing, and art consultation fees. Furthermore, it outlines the annual maintenance expenses, categorized into one-time and recurring costs, encompassing furniture, fittings, advertisement, insurance, coffee machine leasing, maintenance staff, plants, cafe labor, exhibition staff, and seminar costs. The report provides a comprehensive overview of the financial considerations involved in organizing and sustaining an art exhibition.