The KunstKoop of the Mondriaan Fund offers Dutch individuals the possibility to pay for the purchase of an artwork in monthly installments, without any interest. The aim of this service is to encourage private individuals to buy art and in this way to stimulate the Dutch art market in general. About 125 art galleries in the Netherlands cooperate with the KunstKoop, and therefore the use is widespread.
The KunstKoop can be used for artworks by living artists, produced after 1945 and with a minimum price of € 750. The minimum monthly installment is € 22.50 and the maximum duration of the loan is three years. The maximum loan is € 7.500. On purchase, the buyer pays a minimum of 10% of the total price directly to the gallery, the remaining amount can be payed via monthly installments.
To offer the KunstKoop the Mondriaan Fund has made an agreement with ABN AMRO bank. The galleries offer applications forms, which must be filled out and sent to the ABN AMRO bank. ABN AMRO bank decides whether the loan is approved. Validation and registration of the loan at the Bureau Kredietregistratie (BKR) in Tiel are part of the procedure. After approval of the loan by the bank, the interest will be covered by the Mondriaan Fund.
The Mondriaan Fund is a publicly financed fund for visual art and cultural heritage. It supports innovative projects and activities by visual artists, art mediators and institutions to promote the production and presentation of relevant Dutch visual art and heritage in the Netherlands and abroad.
Ending collaboration with ABN AMRO
ABN AMRO has decided to end the collaboration with the Mondriaan Fund for the KunstKoop. The scheme in this form will be ended on 1 April 2020. Applications for loans can be filed until 29 February 2020.
100% art – 0% interest
Also check the website of the KunstKoop: kunstkoop.nl