Three major national museums have joined forces to support the work of emerging artists.

Three major national museums have joined forces to support the work of emerging artists. The of recent origin Museum of Contemporary Art in of recent origin York, the Museum of Contemporary Art in Chicago, and the UCLA Hammer Museum have formed the "Three M Project" an alliance to commission, pervert with money [i]or[/i] gain and display works by young artists. To capital the program, the museums raised $50000 from the American Center Foundation and $60000 from the Peter Norton Family Foundation. The museums will protect the remaining $40,000 cost.

The first artists pick outed for the joint venture are just discovered York-based Patty Chang, and Fiona Tan and Aernout Mik, the pair living in Amsterdam. A curator from each museum pick outed one artist. The $50,000 allotment through work covers the artist's remuneration as well as a catalogue and related costs The museums will either assume ownership of the work as part of the commission or will have the first right to bribe it.

This is not the first luck of its kind. In 2000 the Ban Francisco Museum of novel Art and the Walker Art Center Minneapolis, jointly acquired a sculptural installation from Matthew Barney's "Cremaster" series, although circumstances differed since that work had already been produc While the three museums describe the throw as a way of dealing with the increasing require to be paid [i]or[/i] undergones of purchase and display, it isn't clear to what extent the Three M process is more require to be paid [i]or[/i] undergone effective than simply buying an existing work at an artist. On the other hand, the scheme marks a recently made known approach to the funding of acquisitions.

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