For whom?
Galleries based in the Netherlands, who subscribe to and apply the Gallery Fair Practice Code, who do not currently participate in the KunstKoop or wish to extend their participation as of January 1, 2024.
The Mondriaan Fund offers the KunstKoop grant to strengthen the private market and boost sales of contemporary visual art.
For what?
To offer your customers the opportunity to purchase works of art through an interest-free instalment plan.
How much?
A separate budget has been reserved to cover interest on deferred-payment sales by galleries accepted for the KunstKoop. For each participating gallery, this is the maximum amount that the Mondriaan Fund reserves for the payment of the interest charged by Santander Consumer Finance for KunstKoop loans taken out on behalf of the gallery in question.
When and how to apply
Applications are submitted through the Mondriaan Fund online application system. The deadline for submitting applications is Monday 4 September 2023, 5:00 PM (CEST). To apply, the gallery first needs to create an account with the Mondriaan Fund through our website. When applying, always keep in mind that 3 months are required to process your completed application.
This description is based on the Mondriaan Fund KunstKoopregeling (in Dutch).
Application assessment
The submitted application with attached documents is checked by employees of the Mondriaan Fund to ensure the application is complete and tested against the conditions of the grant. If this is approved, the application will be granted by the board, provided that the available budget has not been exhausted.
Acceptance in the KunstKoop can only take place if the application meets all the stipulations mentioned.
Due to a limited budget, it is possible that not all applications that meet the conditions of the grant can be honoured. In that case, the fund office will rank the applications in the order in which they are received. In this case, the board can also decide to lower the maximum interest budget per gallery.
Conditions
- Galleries are obliged to sign the Gallery Fair Practice Code, actively apply the Code and explain what it entails. It is important that the galleries both apply and explain the Code. The galleries are expected to publish the Code in full and in a prominent position on their website, alongside the declaration that they endorse the Code.
- An application can only be submitted by a physical and/or online art gallery with an address in the Netherlands, which has functioned as such and been registered as such with the Dutch Chamber of Commerce (the Kamer van Koophandel) for at least a year.
- We here understand an art gallery to be a professionally and economically independent organization with a physical and/or online space that is open to the public, where regular, changing exhibitions are held. The gallery’s primary objective is the organization of exhibitions of works for sale and the sale of works of art by contemporary visual artists or designers that have not been previously presented by others. The gallery should present at least six changing exhibitions each year. Art lending libraries (Kunstuitleen), semi-governmental institutes and other subsidized organizations may not apply.
- The gallery should be open to the public, on average, at least 15 hours per week.
- Galleries that have been in existence for more than three years need to have demonstrably achieved a total trade turnover of at least €35,000 (including VAT) from the sale of art, or mediation therein, during the year preceding their application. Galleries that have been in existence for less than three years need to show a total sales turnover of at least €15,000 (including VAT) for the preceding year.
Additional conditions for works of art and buyers:
- The work sold was made by an artist or designer who is on the list of those represented by the gallery. This list is based on the information provided by the gallery to the Mondriaan Fund.
- The KunstKoop applies to works by living artists or designers, produced since 1945.
- Any works of art that have previously been bought or sold by other parties, such as art dealers or auction houses, may not be purchased through the KunstKoop.
- Works produced in editions only qualify for a KunstKoop purchase if the edition is fewer than 60 and the work purchased is signed and numbered by the artist.
- Reprints, reproductions, facsimiles, copies of originals and photographically produced silkscreens do not qualify for KunstKoop purchase.
- The duration of the loan is, respectively, six months, 12 months, 24 months or 36 months, depending on the wishes of the purchaser. The loan can always be repaid before the deadline at no cost.
- Santander Consumer Finance regulations stipulate that only private purchasers between the ages of 18 and 74 are eligible to purchase works with a KunstKoop loan. This also means that the loan is no longer in effect after the buyer’s 76th birthday.
- Legal entities, such as associations, companies or government agencies, may not make use of the KunstKoop. Gallery owners and others who themselves deal in art are not eligible for a KunstKoop loan.
- The KunstKoop can only be used by private buyers who live in the Netherlands.
- The minimum amount of a KunstKoop loan is €250. The maximum amount is €7,500. For more expensive works, the remaining amount must be paid directly to the gallery by the buyer.
- Once the gallery is approved by the Mondriaan Fund for the KunstKoop, applications for individual KunstKoop loans are submitted directly to Santander Consumer Finance. The bank assesses the applications in the same way as an application for a personal loan. The Mondriaan Fund plays no role in the direct communication between the lender and the buyer and has no insight into the financial status of any private buyers.
Checklist
In order to process your application, the Mondriaan Fund needs information, both information you fill in on the application form and attached documents you upload in PDF format. Here below is a checklist that follows the same order as the application form.
Tip: collect all the information you require before you begin filling out the application form. All attachments should be uploaded in PDF format. Where a maximum number of pages is given, do not exceed that number. Pages in excess of the maximum will not be included with the application.
Checklist
Description gallery (max. 5 pages)
Mention the objectives of the gallery, the working method and motivaten the choice of artists/designers that the gallery represents. Think of the purpose and the foundation of the gallery in general, the way it presents itself and organizes exhibitions. How does the gallery contribute in a positive way to the development and visibility of the artists/designers? Think, for example, of periodic exhibitions, the invitation material, contributing to publications or publishing monographs. Or organizing lectures and exchanges, or giving presentations during art fairs and other events.
List artists and/or designers
A list of the artists and/or designers the gallery represents. Include here their full names, artist names where applicable.
Exhibition Programme (5 pages)
Provide an overview of the exhibitions (including presentations at art fairs, etc. at home and abroad) that have been organized in the past 2 years and are planned for the next 2 years (the period for which the application is being made). Also mention the opening hours of the gallery during exhibitions.
Financial report
An accountant-approved financial report or external financial statement indicating the gallery’s total turnover from the sale of art for the year 2022. This information is intended only as a means of verification for the office of the Mondriaan Fund, no one else will be informed of its contents.