BACK ROOM STUDIOS is a proud participant of the COLLECT Art Purchase Scheme.
The COLLECT Art Purchase Scheme offers 12-month interest-free loans to Australian residents for the purchase of artworks by contemporary Tasmanian artists from participating arts businesses.
Who is eligible to apply for a COLLECT loan?
All Australian residents, as individuals, can apply for a COLLECT Art Purchase Scheme loan. Joint applications from couples or applications from businesses are not eligible to apply.
What artworks are eligible under the scheme?
To be eligible, artworks must be produced by a living Tasmanian artist and it must be the first sale of the artwork, meaning it must not have been previously owned or sold.
How much can I borrow?
The minimum amount you can borrow is $1,000 and the maximum is $8,500. The minimum retail price for an artwork able to be purchased using a COLLECT loan is $250, so you may buy up to four $250 artworks to be eligible for a $1,000 loan.
The maximum retail price for an artwork able to be purchased using a COLLECT loan is $11,500. If purchasing an artwork retailing above $8,500, you will need to pay the balance as a deposit. For example, if you purchase an artwork retailing at $11,500, you may borrow up to $8,500 and will need to pay a deposit of $3,000, which is the difference between loan amount and the value of the artwork.
NOTE
The COLLECT Art Purchase Scheme loans are only for purchases of artworks by Tasmanian artists. BRS Asian Antiques cannot be purchased through this scheme.
Freight costs cannot be included as part of the loan.
Please click on the “COLLECT ART PURCHASE SCHEME LOAN ON-LINE APPLICATION FORM” button below to start your application. Alternatively download the COLLECT ART PURCHASE SCHEME LOAN pdf form, fill it in and email it to us to so we can start the application process for you.