Artbank

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title: "Artbank" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["art-museums-and-galleries-in-australia", "1980-establishments-in-australia", "organisations-based-in-sydney", "australian-art"] description: "Australian art rental program" topic_path: "geography/australia" source: "https://en.wikipedia.org/wiki/Artbank" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Australian art rental program ::

Artbank is an Australian art rental program established in 1980 by the Australian Government. The program supports contemporary Australian artists by purchasing their artworks and renting them to public and private sector clients. The initiative was inspired by Canada's Art Bank, and was championed by then federal minister for the arts, Bob Ellicott, who convinced Prime Minister Malcolm Fraser of its value. The collection was initially endowed with 600 artworks from the National Gallery of Australia and has since grown to include over 11,000 works by more than 3,500 culturally diverse Australian artists, spanning various media including painting, sculpture, video, photography, and ceramics.

Artbank operates on self-generated income and has collection stores in Sydney, Melbourne, and Perth, Australia. The program also offers a studio program to artists and designers at its Collingwood location.

History

Artbank was modelled on Canada's Art Bank, after then federal minister for the arts, Bob Ellicott, saw the Ottawa collection in 1979 and convinced Prime Minister Malcolm Fraser of the value of the idea. Fraser was enthusiastic, but treasurer John Howard took a little more convincing, before allotting in seed funding. The collection was founded in 1980 with an endowment of 600 artworks from the National Gallery of Australia.

By 1992 Artbank had become so profitable that its government funding was cut off and it operated on self-generated income. It was nearly shut down in 1997, under the Howard government, but it was saved after much lobbying. At the end of the 2000 Australian financial year, its operating profit was recorded as and its total assets million.

Function and governance

Artbank is part of the Department of Infrastructure, Transport, Regional Development and Communications (until January 2020, Department of Communications and the Arts, and various departments preceding that one).

The Director of Artbank () is Zoe Rodriguez

Established in 1980 by the Australian Government, Artbank’s two core objectives are to provide direct support to Australian contemporary artists through the acquisition of their work and to promote the value of Australian contemporary art to the broader public.

The Artbank collection was founded with an endowment of 600 artworks from the National Collection (now the National Gallery of Australia) and has since grown to include more than 11,000 works spanning media including painting, sculpture, video and photography. Through leasing works to individuals, companies and governments (at all levels), Artbank lives up to its policy principle of promoting broad access to Australian contemporary art.

Description

, it has over 11,000 works by more than 3,500 Australian culturally diverse artists, including paintings, sculpture, video art, photographs,

Artbank has collection stores in Sydney, Melbourne (opened 1996 in Armadale; in Collingwood in 2018) and Perth, Australia. The Collingwood location also offers a studio program to artists and designers, open to applications by residents.

Leasing

Artbank lends its artworks to corporations, government agencies, and private individuals. Businesses are able to claim a 100% tax deduction for leasing from the institution. Works are sold from time to time, as part of stocktaking process. The cost of leasing an artwork ranges from to per year, with lease periods lasting from six months to a year, with the ability to extend indefinitely.

References

References

1. Coslovich, Gabriella. (8 August 2008). "Australia's creative talent smiling all the way to the (Art)bank".
2. Koutsoukis, Jason. (25 July 2001). "Artistic licence".
3. "About Artbank".
4. McIlroy, Tom. (2 November 2018). "Artbank sells works Jeffrey Smart, Margaret Olley".
5. (23 March 2018). "A New Home For Artbank".
6. (5 March 2020). "Calling all unrepresented artists!".
7. Baumgart, Marcus. (4 March 2019). "Judicious editing: Artbank".
8. "Contact".
9. Safe, Georgina. (25 March 2018). "Artbank: The affordable way to live with contemporary Australian art".

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