Artbank
Encyclopedia
Artbank is an art rental program established in 1980 by the Australia
n Government. It supports contemporary Australian artists and encourages a wider appreciation of their work by buying art
works which it then rents to public and private sector clients. It was modeled on the Canadian
Art Bank
, where the revenue raised from art rental is reinvested into new purchases. Artbank is part of the Australian Government's Department of Environment, Heritage, Water and the Arts.
As of 2009, Artbank has over 9,500 works of art in its collection, which is conservatively valued at more than A$20 million. Artbank spends close to A$1,000,000 annually purchasing new work. The collection includes the works of more than 3,000 Australian artists and craftspeople from a diverse range of media and styles. Indigenous
and non-Indigenous artists from each state and territory in Australia are represented.
Artbank is located in Sydney
, Australia
. Its current charter is as follows:
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
n Government. It supports contemporary Australian artists and encourages a wider appreciation of their work by buying art
Art
Art is the product or process of deliberately arranging items in a way that influences and affects one or more of the senses, emotions, and intellect....
works which it then rents to public and private sector clients. It was modeled on the Canadian
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
Art Bank
Art Bank
The Art Bank is a division of the Canada Council for the Arts that rents works of art to public and private sector offices.Established in the 1970s the Art Bank buys art from notable Canadian artists through a system of peer review juries. The Bank continues to expand its collection, buying 52...
, where the revenue raised from art rental is reinvested into new purchases. Artbank is part of the Australian Government's Department of Environment, Heritage, Water and the Arts.
As of 2009, Artbank has over 9,500 works of art in its collection, which is conservatively valued at more than A$20 million. Artbank spends close to A$1,000,000 annually purchasing new work. The collection includes the works of more than 3,000 Australian artists and craftspeople from a diverse range of media and styles. Indigenous
Indigenous Australians
Indigenous Australians are the original inhabitants of the Australian continent and nearby islands. The Aboriginal Indigenous Australians migrated from the Indian continent around 75,000 to 100,000 years ago....
and non-Indigenous artists from each state and territory in Australia are represented.
Artbank is located in Sydney
Sydney
Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
. Its current charter is as follows:
- To encourage contemporary Australian artists by acquiring their work
- To stimulate a wider appreciation of Australian art by making it available for display in public places, particularly work locations, throughout Australian and in official posts overseas
- To operate an art rental scheme directed to both public and private sector clients
- To manage the Artbank collection on behalf of the Commonwealth