INTEREST FREE LOANS TO BUY ART
Art Money provides interest free loans to buy art at Wentworth Galleries.
Loans are available from AUD $675 to AUD $50,000.
Art Money is an initiative undertaken by the City of Sydney council as part of their Cultural Policy Action Plan to make the acquisition of art more accessible. The implementation of Art Money is run by 10 group - the people behind the Art Gallery of NSW members "look" magazine and Art month.
Art Money provides interest free loans to buy art at select galleries. Wentworth Galleries are proud to be amongst the first galleries to implement Art Money.
Loans are available for works priced from $675 to $50,000. Please note, the current maximum loan is $45,000 allowing for a totally funded work (after deposit) of up to $50,000. Art Money supports galleries and their artists by making buying and owning art more accessible. Payments are spread over 10 equal monthly payments. After paying the 10% deposit, the buyer can take their artwork home and pay the remaining balance of 9 payments over 9 months, interest free. For example with an Art Money loan, an artwork that costs $1250 is only $125 a month over 10 payments (the first payment is the deposit).
Art buyers apply online in the gallery or at home
Art buyers then pay 10% deposit to the gallery
Balance is paid off interest free, in monthly installments over 9 more months
The best part - You can take immediate possession and title to the artwork