Symposium: Collection APT
dal 17/10/2009 al 17/10/2009
Segnalato da
17/10/2009
Symposium: Collection APT
Smart Project Space, Amsterdam
On the Artist Pension Trust as a Model of Financial Planning for Artists
The symposium will discuss the Artist Pension Trust as a model for long-term financial planning for artists. From 2004 to date, eight APTs have been formed and are currently being developed in major art centers around the world. Each APT will comprise of 250 artists and is a sum of individual collections within one larger collection. The objective is to assist the artist in building a proprietary collection of his/her artworks within the context of the APT collection. Rather than money, participants invest works of art, accumulating 20 artworks per artist over a 20-year period. Ideally, the works should constitute a representative collection of the artist's production. Most importantly, the artist remains the sole owner of his/her artworks until the work is sold. From the sales 70% is equally divided between the artist and the other artists in the trust, the remaining 30% covers the overhead costs of the organization. Keynote speaker: Pamela Auchincloss (Chief Executive Officer of Artist Pension Trust) Referees: Gitta Luiten (director of the Mondriaan Foundation and board member of the Association of Employers in Art and Culture); Janwillem Schrofer (President of the board of directors Rijksakademie and secretary of the Rijksakademie Artists' Endowment Fund) Moderator: Thomas Peutz (Director SMART Project Space).