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Artist pension Trust
Benefits of APT

APT provides each participating artist with three distinct benefits:

- The opportunity to realize long-term appreciation of his/her artworks over a period of at least 20 years

- The opportunity to share in the commercial success of 249 other carefully selected artists

- High standards of professional care for their invested artwork

- Facilitating the loan of artworks for selected exhibitions worldwide

How APT Works

APT is a long-term investment planning program. Rather than cash, participants invest works of art, accumulating 20 artworks over a 20-year period. Ideally, the 20 works by each artist should comprise a representative collection of that artist’s production over that period of time. Most importantly, the artist remains the sole owner of his/her artworks until the work is sold.

A region-specific Curatorial Committee comprised of individuals who are highly experienced and regarded in the field of contemporary art review and select artists for participation in the program.

Following the invitation to participate in the program, the artist and APT signs the Artist Participation Agreement. Within the first 6 months and annually thereafter, the artist is required to propose artworks for consideration by the APT Director.

APT will carefully store these artworks until the time at which each work is sold. During this holding period works are made available for exhibition at museums, galleries and other pre-approved venues.

When artworks are sold, each artist receives forty percent (40) of the net proceeds of the sale of his/her work. Thirty-two (32) percent of net proceeds accrue to the collective benefit of all participating artists in the specific APT. This allows each participating artist to collectively participate in the commercial success of the other 249 artists. The remaining twenty-eight (28) percent of the net proceeds are retained by APT to cover all management and operating costs.

Distribution and Sale

The artist remains the sole owner of his/her artworks until APT decides to sell the work.

Artists are expected to invest artworks according to the following schedule: two works a year for the first five years; one work a year for the following five years, and one work every two years for the remaining ten years; for a total of twenty works.

Upon acceptance of a work, APT will issue to each artist an Acceptance Receipt representing the right to forty (40) percent of the net proceeds derived from such artwork and a Participating Interest represented by Pool Units. The Pool Units represent the right to a pro rata interest along with the other artists in the thirty-two (32) percent of the net proceeds from any sale of artworks.


Accepted Artwork

Number of

Pool Units

Accepted Artwork

Number of

Pool Units

First

1

Eleventh

6

Second

1

Twelfth

6

Third

2

Thirteenth

6

Fourth

2

Fourteenth

6

Fifth

3

Fifteenth

6

Sixth

3

Sixteenth

8

Seventh

4

Seventeenth

8

Eight

4

Eighteenth

8

Ninth

5

Nineteenth

8

Tenth

5

Twentieth

8

Maximum for Each Artist

100

 

The sale of artworks will be carefully managed by an independent selling committee in order to maximize the monetary value from each sale and to ensure that the sale is in the best long-term interest of the artist. The circumstances of a sale will be carefully considered to avoid any adverse market impact.

Whenever possible, APT will work with each artist's primary gallery when offering the works for sale. APT will also sell the works through the selective use of private treaty sales, auctions and secondary market dealers when appropriate.

APT is designed to work in tandem with the existing art market structure and dynamics. Its success will be driven by a confluence of interests among the participating artists, dealers and the APT management to generate maximum returns.