What is it?
The COLLECT Art Purchase Scheme is an interest free loan program that
enables you to purchase works by contemporary Tasmanian artists from
participating Tasmanian galleries.
Who can use it?
All Australian residents can apply to the COLLECT Art Purchase Scheme.
Where can I buy artworks?
The COLLECT Art Purchase Scheme can only be accessed through
participating galleries. There is a list of participating galleries on the
website www.collect-art.com.au
What artworks can I buy?
You can buy sculpture, glasswork, ceramics, paintings, drawings,
photography, furniture, jewellery…any artwork by a Tasmanian living
artist from a participating gallery that retails between $400 - $10,000.
How much can I borrow?
The minimum amount you can borrow is $750 and the maximum is
$7,500. This means that you can buy a number of lower priced works
retailing at $400 upwards, or with a deposit of $2,500 you can buy a
single $10,000 work.
What does it cost?
There are no application or administrative costs. The only cost is the
retail price of the artwork. |
When do I have to repay the loan?
The length of the loan is one year. Repayments are to be made each
month via direct debit in 12 equal instalments. There are no penalties for
early pay out of the loan. All applications are submitted on line at www.collect-art.com.au
How long does it take to process my application?
Once received it takes five days to process your application. If your
application is approved you then have a further five days to sign and
return your loan agreement. If the loan agreement is not received within this
timeframe the gallery may release the artwork for sale. Once approved you
may then collect your work from the gallery.
What if I live interstate?
You may need to pay freight costs in addition to the artwork cost if you
are not able to collect your work directly from the gallery once the loan
is approved.
Who provides the loan?
The loan is provided by arts@work, the industry development arm of
Arts Tasmania, Department of Environment, Parks, Heritage and the Arts.
How many loans can I have at one time?
You can only have one active loan at a time through the COLLECT Art
Purchase Scheme. |
