How the Artist Pension Trust Became a Gigantic Fiasco

The Art Angle · Jan 13, 2022 · 35m

Everyone knows the dirty little secret of the dog-eat-dog art market, which is that while an artist creates the artwork, the vast majority of the value of that artwork is created—and captured—by others, from the 50 percent that goes to the dealer to the multiples made by the collectors who flip if the artist gets hot.

But what if there was a way for artists to protect themselves from this kind of exploitation, by banding together and pooling their art together into a fund to provide a safety net against the vicissitudes of the market, where all artists—hot and not alike—benefit from the…