Where are you getting your definitions from?Do they have a basis in law? I’ve only ever seen private property refer to assets like land or buildings. Ivenever seen a distinction based on owner type. Also personal property is usually based on items that are not mobile, which would include art, irrespective of whether it’s for personal enjoyment or as an investment, whether by a person or a company.

Yee, my point about renting rather than ownership is often due to the ability for technology he tied to the owner and deactivated remotely. So, not transferrable nor true ownership.