New Art Money program launched

I was excited this week to launch "Art Money" at Sullivan+Strumpf in Zetland. The program will help remove barriers to buying art by providing a 10-month interest-free loan to buy a work priced between $750 and $20,000 from a participating gallery.

Art should be for everyone and owning an artwork should not be out of reach because of its price tag.

Art Money is available in 26 leading galleries across Sydney, I'm proud to say that 18 of them are in the City Of Sydney's local government area. It will have real cultural benefits while helping our economy, particular the small business sector.

This initiative was created by 10 Group, who will also deliver the program. It's based on similar successful schemes around the world and is designed to stimulate art buying among both first-time and seasoned collectors.

Art Money is one of the first actions to be implemented from the City's Creative City Cultural Policy and Action Plan. We support cultural life in Sydney as a priority and spend $23 million a year to ensure Sydney is recognised internationally recognised cultural hub.

With the Commonwealth and State governments retreating from support for the arts, it is imperative that the City show leadership. I'm excited to see Art Money begin, creating the opportunity for more people to have art in their homes and growing Sydney's creative sector for the future.
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