Artist Pension Trust

Artist Pension Trust

Industry	Financial services
Area served	Worldwide
Key people	Moti Shniberg Dan Galai David A. Ross Pamela Auchincloss
Products	Investment products
Website	[1]

The Artist Pension Trust (APT) is a for-profit organization that was started by entrepreneur Moti Shniberg and economist Dan Galai in 2004. Former SFMOMA and Whitney Museum director David A. Ross was its founding President. The purpose of the organization is to provide long-term financial security to artists who otherwise may not have a retirement plan. Artist Pension Trust (APT) is the first investment program created specifically to provide emerging and mid-career artists with a long-term financial planning opportunity through the collective contribution of their artworks.

Each Trust consists of up to 250 artists, signing 50 artists per year over a five-year period. APT consists of eight individual Trusts, developed around 8 major art centers: New York, Los Angeles, London, Berlin, Mumbai, Beijing, Mexico City and Dubai.

Participating artists deposit 20 works of art over a fifteen to twenty-year period. The ownership of the artworks is retained by the artists, while the APT Collection is stored and insured by APT until the work is sold. The collection can be viewed online, and is made available to curators and institutions for exhibition during this period. Artists do not have to pay for any of these services up front. The APT model ensures that upon the sale of artworks every artist benefits from participation on an annual basis: 40 percent of the net proceeds derived from the sale of an artwork will go straight to the artist whose work was sold; 32 percent will go into a Pool from which all artists will receive a pro-rata share tied to their artwork investments; 28 percent is retained by APT to cover operational costs.

The growing collection currently stands at 4,000 artworks and represents more than 1,000 artists from over 50 countries. APT Curatorial is an artwork lending program and exhibition planning service that offers curators and museums access to APT's extensive holdings of contemporary art from around the world. APT Curatorial simplifies the exhibition process by providing a diverse selection of artworks to lend as well as fully curated exhibitions. Through the APT website at www.aptglobal.org, curators can browse the collection, research artists, and initiate the loan process.

APT is owned by MutualArt, a privately held company with its office at 153 W 27th St, in New York City. Since March 2008 APT has been headed by Pamela Auchincloss, its CEO. Each Trust has its own Director. As of July 2009, Director of APT New York is Pamela Auchincloss, APT Los Angeles is Irene Tsatsos, APT London is Kirsty Ogg and Gerrie van Noord, APT Berlin is Susanne Prinz, APT Mumbai is Pamela Auchincloss as interim director, APT Beijing is Kyongfa Che and Sunyoung Oh, APT Mexico City is Pilar Tompkins and APT Dubai is November Paynter.

External links

• Artist Pension Trust
• CEO Pamela Auchincloss interview on the ArtTactic Podcast