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The Artist Pension Trust Had a Utopian Dream to Give Artists a Shared Retirement Fund. It’s Devolved Into Legal Threats and Despair
This is part one of a two-part series on the rise and fall of the Artist Pension Trust, founded on the premise that artists could join together to create a shared nest egg in a precarious profession. What could go wrong? Read on to find out, then continue to part two here. A year ago, deep into the pandemic, nearly 150 artists began strategizing. They were among those who had joined the Artist Pension Trust (APT) in the years since its 2004 inception, and they were worried. Over the past two decades, APT collected more than 13,000 artworks with a combined value estimated at $500 million from its 2,000…