Taipei, Nov. 8 (CNA) Culture Minister Lung Ying-tai said Thursday her ministry plans to launch an "art bank" Jan. 1 that will invest in Taiwan's emerging artists.
The ministry is hoping to invest NT$70 million (US$2.4 million) in 2013 to purchase artworks from Taiwanese artists, especially young artists, Lung said at an annual art fair that kicked off in Taipei.
It will then sell or loan these artworks to companies, government agencies or the public to help give the artists additional exposure, Lung said.
Citing similar systems used in the United States, Canada and Australia, Lung said art banks allow works by young artists to be showcased in places such as companies or embassies.
"The most important thing is to allow the works of these artists to be part of everyday life," Lung said.
Details of the bank have yet to be confirmed, the minister said, adding that her ministry still needs to promote the idea to the Ministry of Foreign Affairs and to the major companies that will make up the bulk of the bank's "clients."
She said her ministry is also taking steps to improve the quality of the various artist villages around Taiwan and is mulling plans to send more artists, art event organizers and art affairs personnel abroad to interact with the international community.
(By Christie Chen)