This study examines the valuation and ESG performance of firms with corporate collections of fine art. Specifically, this article looks at whether a corporation having an art collection affects the firm’s valuation. With corporate art collections, there may be the potential for agency issues or the possibility of value enhancement for the firm. This article also examines whether firms with corporate art collections are more socially minded in terms of environmental, social and governance measures, and philanthropy. The findings provide evidence that firms with corporate art collections have higher environmental, social, and governance performance, while maintaining equal value to their peers.