Artbank is an art rental program established in 1980 by the Australian Government. It supports contemporary Australian artists and encourages a wider appreciation of their work by buying artworks which it then rents to public and private sector clients. 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 A$250,000 in seed funding. The collection was founded in 1980 with an endowment of 600 artworks from the National Gallery of Australia. More information...
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