The Financial Times profiles the Artist Pension Trust that is run by Pamela Auchincloss and is structured to allow mid-career artists to essentially invest in themselves:
“When people ask me what I do, I say I run a global art fund where the artists are the stakeholders, but since nothing like this exists, there was a great deal of scepticism at first. People were asking, who makes the money?”
In fact, APT uses the mutual assurance model. “The idea was that if a group of artists invested their work in a fund, within that diversified pool of work, hopefully at least a small percentage will have financial success and support those that have less,” says Ms Auchincloss.Continue Reading