An Art Bank - Australia Help Its Art Market

Peter Garrett Australian Arts Minister.

Established by the federal government in 1980, Artbank has grown into one of the nation's largest collections of contemporary Australian art. It rents to private, corporate and public bodies for a fraction of the purchase price.

It's the government art rental service.

At the Australian Artbank about 300 works are added to the collection each year and more than 70 per cent of the collection is rented out at any one time.

...buying a wide range of works from every state and territory. The average purchase price for new acquisitions is $3155.

"We see ourselves as supporting not just the artists but the art market as well. It's about keeping the whole system strong," Cassidy director of Artbank says.

Artbank ready to lend a hand [link]


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