A man with a vision

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In 1997 artist Lars Kræmmer created Artmoney as a reflection on the financial hardships of artists. To this day, Artmoney carries on the legacy of helping independent visual artists succeed.

Vancouver, 1995. In the middle: Artmoney founder Lars Christian Kræmmer surrounded by supporters.

27 years ago there was an artist, a quite unusual one. He had a problem: how could he make sure that financial struggles would not compromise his art?

One day the artist walked into a record store. When he walked out, he had a CD in his hand - to his own great surprise. The CD was paid for by an artwork he had created for the occasion.

The artist did not know it yet, but in that moment a major global phenomenon with lasting effect had been born: artmoney.

Years later, artmoney had developed into the world's first and only global currency backed by art. The currency consisted of artworks created by individual Artmoney Artists. These individual artworks are still to this day called artmoney.

An artmoney measures 12x18 cm (4.7x7 inches). Each artmoney is unique and created by the hand of an Artmoney Artist. To be valid, it must must comply with official Artmoney rules. Please se the Legal Framework for the Regulation of Artmoney® below.

Today, Artmoney is a curated network for independent visual artists. We host a carefully chosen selection of extraordinary independent artists.

We invite you to apply for admission as an Artmoney Artist. Learn about the application procedure here.

Lars Christian Kræmmer and Lars H.U.G., Artmoney no. 2018-051

Catrine Holte, Artist & Director, Artmoney

Art, but also money

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An artmoney® is a unique piece of art created by a select group of extraordinary artists. Upon application each artist has been admitted to Artmoney after careful examination.

Example of an artmoney by artist Lars Kræmmer, the founder of Artmoney:

An artmoney® has a fixed size of 12x18 cm (4.7x7 inches). Each single artmoney is the result of a dedicated artist's profound artistic creation. No two artmoney are alike.

Beyond being art, artmoney is also money. A currency backed by art. The specific rules are laid out in the Framework for the Regulation of Artmoney®:

Legal Framework for the Regulation of Artmoney®

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§ 1

Only Artmoney Artists have to right to create artmoney®.

Any artist may apply for admission as an Artmoney Artist. The Artmoney management decides on a discretionary basis whether to accept or decline an application. An applicant must be able to showcase dedication, a productive artistic practice, a positive outlook and a desire to help others succeed. Nationality, recognition, age, artistic medium, seniority, gender, and/or ethnicity are not taken into consideration.

§ 2

Each artmoney® is a unique piece of art worked by the hand of an Artmoney Artist. This shall also include works that have been worked digitally and/or mechanically provided that only a single copy of the work exists. Examples include unique works of print, collage, photo as well as works presented in the form of non-fungible tokens.

The dimensions of an artmoney® must equal approximately 12x18 cm (4 3/4 x 7 inches) in the plane. There are no restrictions in the third dimension. Each artmoney® must contain the Artmoney Artist's name, Artist ID and signature, serial number, year of creation, country as well as the address artmoneyart.com.

§ 3

Each artmoney® is two things: First and foremost, it is an original piece of art. As an artwork, the pricing is set by the free market. Second, it is a unit of currency. As a unit of currency, each artmoney® has a fixed nominal value of USD 50.

§ 4

An artmoney® can be exchanged for any good or service offered by an accepting seller.

§ 5

The Artmoney management shall have the discretionary power to suspend or terminate the membership of any Artmoney Artist that is no longer deemed to comply with these rules. The Artmoney Organization also has the authority to decide on the compliance of each artmoney® with the present rules and take the appropriate measures to secure the integrity of artmoney®.

§ 6

Artmoney® is a registered trademark held by the Danish corporation Artmoney ApS. Any non-authorized use of the trademark may lead to legal action.

§ 7

The Artmoney management may decide on the modification of the above rules on a discretionary basis. If so, management shall simultaneously decide on the effect such action may have on previously issued artmoney®.