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Taiwan Art Bank sends work by emerging artists on diplomatic missions

The governmental organisation plans to lend works to foreign embassies

Representatives of the Taiwan Art Bank, a governmental organisation that buys works by national emerging artists, plan to lease pieces from the collection to Taiwan’s foreign embassies. The venture was launched last year with an annual budget of NT$70m ($2.33m) provided by the ministry of culture. More than 340 works have been acquired by 195 artists, including Yan Yi-Cheng and Tung Ming-Chin.

“Government agencies, private companies, and corporate bodies are encouraged to lease the works for display in various public locations for the benefit of public art appreciation, to increase the circulation of works, and to stimulate the art market of Taiwan,” says a spokeswoman for the Art Bank. “The clients of the Art Bank are primarily Taiwan-based corporations that seek to support the arts through philanthropic assistance.”

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