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From: shuju@videovax.UUCP (Shuju Burgess)
Newsgroups: net.invest
Subject: Re: Investing in Artists
Message-ID: <1474@videovax.UUCP>
Date: Fri, 15-Nov-85 20:01:29 EST
Article-I.D.: videovax.1474
Posted: Fri Nov 15 20:01:29 1985
Date-Received: Mon, 18-Nov-85 07:39:40 EST
References: <1294@decwrl.UUCP>
Organization: Tektronix, Wilsonville OR
Lines: 35

> 
> I have no idea how off the wall this notion is, but:  I have a friend
> who is a sculptor, a graduate of a reputable art college, who would like
> to open up his own studio.  Like most artists, this person has 
> "very little"
> working capital (in other words, he is penniless).
> ...
> My question is this:  are there organizations that coordinate the matching
> up of artists with backers?  Does such a thing exist?  Or does one luck into
> it merely by word of mouth and being in the right place at the right
> time?  Are there any institutions that seek out such investment in artists,
> or is there any place a person like this can start? 
> 
> Any information would be much appreciated.  Thanks.

I don't know if I can help much here, but I recently read in the Oregonian
about an organization which provides funds for artists so that they can 
concentrate on their work and not have to worry too much about money.   The
amount that they gave out to this one particular women was considerable(~30K).
I believe it's a national organization as this woman used to live in Oregon
but now resides in California, and is still getting an yearly sum. 
Of course the competition is fierce, but if your friend is good, it's 
worth the try.  I wish I could tell you the name of the organization, but
I have forgotten.  The article appeared within the last month or so, I suppose
you could try to look it up if that's possible.  The other thing that I would 
suggest is to find out what programs the well funded museums have for lending 
artists a helping hand.   For starters try: Metropolitan Museum, Museum of 
Modern Art, Smithsonian Modern(?) Art Museum (sorry can't remember the name), 
Whitney and Guggenheim(sp?) (both of NYC), Cleveland Museum,...etc, etc.  The
list goes on, and you can work your way west.  Your friend might've tried this
already, in which case, I'm sorry I wasn't any help.  

Good luck!

Shu-Ju