artnet AG (via Public) / The Artist Pension Trust Had a Utopian Dream to Give Artists a Shared Retirement Fund It s Devolved Into Lawsuits and Anger publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
Digging Into a Dispute Over a Company Entrusted With Art
The Artist Pension Trust was created to pool, store and sell the works of painters and sculptors. After it drew complaints from many of those clients, two reporters set out to learn more.
From left, Ruby Osorio, Amitis Motevalli, York Chang, Elana Mann, Carolyn Castaño, Sandeep Mukherjee, Amanda Ross-Ho, Danny Jauregui and many others who joined the Artist Pension Trust later considered it a mistake. Credit.Rozette Rago for The New York Times
Aug. 4, 2021, 5:00 a.m. ET
Times Insider explains who we are and what we do, and delivers behind-the-scenes insights into how our journalism comes together.
The border is viewed as U S vs Mexico, but it s an Indigenous place too latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.
The First Art Newspaper on the Net
Artists who joined the Artist Pension Trust, from left, Ruby Osorio, Amitis Motevalli, York Chang, Elana Mann, Carolyn Castano, Sandeep Mukherjee, Amanda Ross-Ho and Danny Jauregui in Los Angeles, June 21, 2021. Many artists who joined the company say they worry about the works the entrusted to it. Rozette Rago/The New York Times.
by Robin Pogrebin and Siddhartha Mitter
NEW YORK
(NYT NEWS SERVICE)
.- It began as a worthy experiment: a fund to create some rare financial security for artists by having them pool their paintings and sculptures and sell the work years later when it had appreciated in value. Everyone would share in the proceeds. A for-profit company, the Artist Pension Trust, hatched the idea in 2004 and promised to store, insure and market the works in exchange for a cut of the revenue. The venture got off to a promising start, fueled by the involvement of art world luminaries like the former Whitney Museum director David Ross