Artist Pension Trust® (APT) offers both long-term financial security and international exposure to select artists around the world based on a unique tailor-made financial model.
APT has the largest global collection of contemporary art, comprising 13,000 artworks from 2,000 select artists in 75 different countries. With additional commitments totaling 40,000 artworks, the collection is growing by more than 2,000 each year, as artworks are deposited by artists chosen by APT’s distinguished international Curatorial Team.
THE APT MODEL
The artworks in the trust are gradually sold over the course of 20 years for the benefit of the APT artists, providing them with future financial security. The funds from the net proceeds of each artwork sold are distributed to the artists in the following manner: 72% are distributed to the artists in the trust, with 40% to the individual artist and 32% among the artists in that trust based on the number of artworks they have deposited. The remaining 28% are used to cover the operational costs of the trusts.
APT started with eight regional trusts almost a decade ago and, following their success, has recently launched its first global trust, APT Global One, with a capacity of 628 artists. APT Global One was designed for optimal diversification to benefit artists all over the world.
APT has representative offices in New York, Los Angeles, London, Leipzig, Mumbai, Hong Kong, Shanghai, Mexico City and Amman, in addition to Artist Relation Managers all around the world. In 2012, APT successfully accelerated expansion into Asia in partnership with Simon Murray & Company, a prestigious pan-Asian investment fund management firm with Asian business expertise accumulated over four decades.
LEADING ART PROFESSIONALS
The international Curatorial Team consists of over 100 leading art professionals with experience in identifying artists with the highest potential of success and in supporting these artists through the early and mid-stages of their careers. APT artists are growing in stature; many are winning awards and prizes including the Turner Prize, the William H. Johnson Prize, the Hugo Boss Prize and the Future Generation Art Prize. APT’s curators have curated exhibitions for numerous leading museums, including the MoMA, Tate Modern, Hirshhorn Museum, as well as for major art venues such as the Venice Biennale, Art Basel, Documenta and Manifesta.
APT’s Chairman and co-founder is the high-tech entrepreneur and art collector Moti Shniberg. The Advisory Board includes esteemed and experienced art and business professionals: co-founder and art collector Professor Dan Galai, a world-renowned economist and authority in risk diversification theory and David A. Ross, Chair of the MFA Art Practice Program at the School of Visual Arts and former director of the Whitney Museum of American Art, SFMOMA and ICA Boston. The Advisory Board also comprises such luminaries as Lady Elena Foster, Chairman of the Tate International Council and founder of Ivory Press; John Baldessari, one of the most influential artists in the Post-War American scene and a pioneer in Conceptual Art; and, Raymond McGuire, Head of Global Banking at Citigroup, a collector of contemporary art and member of several boards including The International Center of Photography, the Studio Museum in Harlem and the Whitney Museum of American Art .
Responding to the need among contemporary artists for global exposure and recognition of their artwork, APT founded APT Institute in 2013. APT Institute is a non-profit organization that has introduced a series of initiatives dedicated to the promotion of contemporary art and the advancement of artists worldwide. Thus, artists also benefit from a wide range of promotional activities intended to provide them with international exposure.