In Hock for a Hockney: 12,500 Amateur Collectors Sign Up to Art Loan Scheme

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If you imagined your appreciation of Anish Kapoor's latest sculpture to be limited to an afternoon trip to Tate Modern's Turbine Hall, or that it was only the nation's wealthiest who could afford to place a David Hockney etching or a Banksy print above their mantelpiece, you appear not to have made use of a loan scheme that allows ordinary mortals to purchase art.

Yesterday, Arts Council England (ACE) announced that 12,500 people in-the-know had made use of Own Art, which was launched nationally in 2004 by ACE, and which has given those with limited budgets the chance to acquire artworks by paying interest-free monthly installments for an original painting, print, …