Art
Picasso Finds Possible Digs in Harlem $2.5 Billion Art Port
- The storage space, called Arcis, is scheduled to open in July
- Foreign-trade zone offers collectors protection from taxes
Geneva has one. So does Singapore. And now New York City is getting its first free port for fine art.
Located on West 146th Street in Harlem, the 110,000-square-foot, five-story facility called Arcis has been designated for as much as $2.5 billion of art, according to executive director Tom Sapienza. Its security features include retina scanning, biometric key control and more than 60 video feeds.