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The Medici are most known for supporting the arts. Patronage is the act of a wealthy individual or family supporting an artist. For large pieces of art, they would give painters commission payments .The patronage of the Medici had a significant influence on the Renaissance because it freed artists from financial concerns so they could concentrate on their work.
The Medici family, wealthy business people who also valued art, made financial contributions to the Renaissance. They frequently hosted artists and placed commissions for works to be created for their palace, which also houses their family's mausoleum, the Medici Chapel, a Michelangelo masterpiece. Thanks to Cosimo's meticulous and skilled banking operations, the Medici family leveraged the momentum of their riches to support their political influence in Florence and fund the best artists and initiatives during the Renaissance. Cosimo encouraged artists, which aided in the development of the arts during the Florentine Renaissance. Because of his patronage role, he was also known for "dispensing favors."
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