artist pension trust ny times
The Artist Pension Trust a retirement plan for artists pools together their work diversifying risk. The Artist Pension Trust APT which merged into the MutualArt Group in 2016 is an investment vehicle specializing in contemporary art which aims to provide financial security and international exposure to selected artists chosen by its international curatorial teamIt has the largest global collection of contemporary art comprising 10000 artworks from 2000 artists in 75 countries.
The Artist Pension Trust Had A Utopian Dream To Give Artists A Shared Retirement Fund It S Devolved Into Legal Threats And Despair
The idea was to give artists not just long-term income but even a pensiona luxury highly uncommon.
. Screen capture of the NY Times group photo showing some of the artists who are caught up in what appears to be an art world scandal. Visit their site and contact them for more informationAlso see art careers and artists. View Profile View Forum Posts Join Date Jul 2020 Location Canada Posts 266.
A Pension Plan for the Creative Class. In July 2021 a very similar story by the New York Times broke the news showing that the APT did not learn from its mistakes. Except many artists say.
By Sepp Eckenhaussen May 17 2022 at 1200 pm. According to the New York Times 10 years ago a trust called the Artist Pension Trust was created to help starving artists like you. The Artist Pension Trust began as a worthy experiment.
While one artist may fall out of favor with collectors anothers art may appreciate in value. It is a well-researched story about a 15 year old business that was created to serve artists including photographers and that is rapidly going south. A fund to create financial security for artists by having them pool their work and sell it when it appreciated in value.
View Profile View Forum Posts Join Date Dec 2005. Unfortunately this story is behind the NY Times paywall. Artist pension trust.
On the Artist Pension Trust and the Future of Self-Organized Redistribution. The Artist Pension Trust APT which merged into the MutualArt Group in 2016 is an investment vehicle specializing in contemporary art which aims to provide financial security and international exposure to selected artists chosen by its international curatorial teamIt has the largest global. Quoted in the NY Times July 20 2004.
Ad Learn how a lump sum pension withdrawal may give you more income flexibility. Artist Pension Trust. APT hopes to establish trusts in ten cities including New York Los Angeles Beijing and Tokyo with 250 artists participating in each.
In 2004 an American tech entrepreneur launched one of the most ambitious redistribution schemes up to date the Artist Pension Trust APT. Originally Posted by BrianShaw. Unfortunately this story is behind the NY Times paywall.
Should you consider a lump sum pension withdrawal for your 500K portfolio. 110 East 25th Street 4th floor New York NY 10010. In fact they started out 10 years ago by contacting local artists about becoming a member of this pension plan for now and for the future.
According to one board member Al Brenner since it has been 10. Artists and other cultural workers have tried to create stable long-term collective income systems for themselves forever. The funds public image of a promising artists solidarity model disintegrated laying.
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