The COLLECT Art Purchase Scheme is an interest-free loan scheme that enables you to purchase artworks by contemporary Tasmanian artists from participating Tasmanian galleries.
This scheme actively encourages people to support Tasmanian artists and be able to enjoy their purchases whilst still paying for them, knowing that the artist has been paid in full.
It is an initiative of arts@work, the arts industry development unit of the Tasmanian Government.
All Australian residents can apply to the COLLECT Art Purchase Scheme.
You can buy any two or three-dimensional artworks including paintings, drawings, sculpture, installations, glasswork, textiles, metalwork, woodwork, jewellery, furniture, ceramics, photographs, film and video, new media and limited edition prints. Any artwork by a Tasmanian living artist from a participating gallery that retails between $550 - $11,500 is eligible.
The minimum amount you can borrow is $1,000 and the maximum is $8,500.
This means that you can buy a number of lower-priced works retailing at $550 upwards, or with a deposit of $3,000 you can buy a single $11,500 work.
There are no application or administrative costs. The only cost is the retail price of the artwork plus any freight costs you may incur.
The term of the loan is one year. Repayments are to be made each month via direct debit in 12 instalments. There are no penalties for early pay out of the loan.