Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.2 9/18/84; site decwrl.UUCP Path: utzoo!linus!philabs!cmcl2!seismo!lll-crg!ucdavis!ucbvax!decwrl!dec-rhea!dec-yogi!marks From: marks@yogi.DEC Newsgroups: net.invest Subject: Investing in Artists Message-ID: <1294@decwrl.UUCP> Date: Wed, 6-Nov-85 10:36:14 EST Article-I.D.: decwrl.1294 Posted: Wed Nov 6 10:36:14 1985 Date-Received: Fri, 8-Nov-85 21:02:45 EST Sender: daemon@decwrl.UUCP Organization: Digital Equipment Corporation Lines: 22 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). The guy is good, very good. He has been exhibited. He has sold. However, after looking into grants from the public sector, he discovered the lion's share of them are for non-profit arts groups, like museums, collaboratives, schools, etc. There is very little money available for individuals. 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? He has tried for a bank loan, but except for his equipment there is no collateral, and banks tend to take him not too seriously. Any information would be much appreciated. Thanks. R.M.