Artist Pension Trust

Artist Pension Trust

Industry	Financial services
Number of locations	New York,Los Angeles,London,Leipzig, Mumbai, Hong Kong, Shanghai, Mexico City and Amman
Area served	Worldwide
Key people	Moti Shniberg Dan Galai David A. Ross Pamela Auchincloss
Products	Investment products
Revenue	US$100 million (collection)
Parent	MutualArt
Website	www.aptglobal.org

Artist Pension Trust (APT) is an investment vehicle specializing in contemporary art, which aims to provide financial security and international exposure to selected artists chosen by its international curatorial team. It has the largest global collection of contemporary art, comprising 10,000 artworks from 2,000 artists in 75 countries, and growing by more than 2,000 each year. As of November 2013, a total of 40,000 artworks had been committed to APT by 2,000 artists. APT claimed its then value to be more than $US100 million.

Artworks from the APT collection have been used to curate exhibitions for museums including the MoMA, Tate Modern, Hirshhorn Museum, as well as for art venues such as the Venice Biennale, Art Basel, Documenta and Manifesta.

In 2004, a company named MutualArt launched the Artist Pension Trust as the first pension program for visual contemporary artists. It was founded by businessman Moti Shniberg, Hebrew University business professor who attempted to trademark the phrase September 11, 2001 to benefit from monetisation of the terrorist attack Dan Galai, and David A. Ross, former director of the Whitney Museum and the San Francisco Museum of Modern Art. APT started with eight regional trusts and subsequently launched a global trust, APT Global One, with a total of 628 artists. APT Global One was designed for optimal risk diversification.

After the first year, Artist Pension Trust owned the collection of approximately 65 artworks created by artists in the New York branch, including Jules de Balincourt, William Cordova, Anthony Goicolea, and Aida Ruilova.