The Sales Process
APT retains an option on the ownership of artworks, meaning that the artist retains the title even after depositing the artwork with APT. Whether the artist needs to pay any taxes on the deposit of the artwork prior to the actual point of sale (at which time APT formally acquires title to the artwork from the artists) depends on the specific, personal status of the artist and the country s/he is a resident of.
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All operating costs over the lifetime of the program are covered by the management fee collected by APT to cover its costs; artists receive 72 percent of the net proceeds.