APT's Pension Model Provides Long-Term Financial Stability for Artists

By: Alyson Wyers - Mar 20, 2016
References: aptglobal.org & springwise
This pension model provides long-term financial security as well as increased exposure for professional artists. The Artist Pension Trust (APT) enables artists to contribute pieces over a 20 year period. The largest contemporary art collection in the world is therefore, also a way to provide financial stability to those in the creative industry.

APT curators pick emerging artists to participate in one of the internationally distributed trusts. There is also a communal element to the pension model -- individual artists receive 40% of the sale, where as 32% is redistributed among other trust artists and the remainder goes to running the APT (which is a non-profit organization). According to SpringWise, APT "will sell pieces at maximized prices via their expert panel, loan works to galleries for promotions, and enter some artwork into competitions."