APT owns 10,000 works of art by 2,000 artists from 75 countries.
$120m: APT’s valuation of its collection
$500m: APT’s projected valuation of its collection in 40 years
2,002: the amount of works added to its collection last year
200: the number of museum shows the fund loaned works to last year
500: the number of museum loans it anticipates this year
8: the number of geographical trusts in New York, Los Angeles, Mexico City, Beijing, Mumbai, Dubai, Berlin and London
628: the membership limit for APT Global One, the most recently launched trust
The Art Newspaper covers some of the steps APT is taking to liquidate some of their holdings in an orderly manner:
The sales process will be “slow and careful”, says APT’s chairman and co-founder Moti Shniberg. “It’s not going to be any kind of fire sale.” The company recently hired four specialists to liaise with potential buyers, and each transaction must be approved by a five-member advisory committee: former Whitney Museum director David Ross, former Mori Art Museum director David Elliott, adviser Mary Hoeveler, former JP Morgan Chase Collection artistic director Manuel González, and Brook Hazelton.
Artists’ pension trust starts to sell (The Art Newspaper)