financial services number of locations new york 1 los angeles 1 london 1 leipzig mumbai hong kong shanghai mexico city and amman area served worldwide key people moti shniberg dan galai david a. ross pamela auchincloss 2 products investment products revenue us 100 million collection 3 parent mutualart 4 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 5 and growing by more than 2 000 each year . 6 as of november 2013 total of 40 000 artworks have been committed to apt by 2 000 artists . in estimating the value of the collection apt claims its worth to be more than us100 million and projects annual appreciation of 17 % . 7 the international curatorial team consists of over 100 art professionals with experience in identifying artists with high potential of commercial success and in supporting them in the early and mid stages of their careers . 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 . contents 1 history 2 management 2.1 artwork distribution 3 exhibitions 4 apt institute 5 awards 6 see also 7 references 8 external links history edit in 2004 a company named mutualart has 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 and leading academic and writer in business administration and finance 8 dan galai and david a. ross former director of the whitney museum and the san francisco museum of modern art. 9 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 . 10 currently apt has several location of the apt trusts in new york los angeles berlin london dubai beijing mumbai mexico city apt global one . 11 in 2012 apt accelerated expansion into asia in partnership with simon murray & company a pan asian investment fund management firm . management edit apt s chairman and co founder is the high tech entrepreneur and art collector moti shniberg . the advisory board include professor dan galai an authority in risk diversification theory david ross chair of the mfa art practice program at the school of visual arts and former director of the whitney museum of american art sfmoma and ica boston elena foster founder of ivory press john baldessari american conceptual artist and raymond mcguire head of global banking at citigroup a collector of contemporary art and member of several boards including the international center of photography the studio museum in harlem and the whitney museum of american art . artwork distribution edit the artworks in the trust are gradually sold over the course of 20 years for the benefit of the artists . the funds from the net proceeds of each artwork sold are distributed in the following manner 72 % are distributed to the artists in the trust with 40 % to the individual artist and 32 % among the artists in that trust based on the number of artworks they have deposited . the remaining 28 % is used to cover the operational costs of the trusts . 12 exhibitions edit in june 2013 venice biennale a major contemporary art exhibition that takes place once every two years in odd years in venice italy included 26 artists who are also a part of the global artist pension trust . 13 in 2013 artworks from the apt collection were displayed in over 100 exhibitions worldwide including at tate modern in london the seoul museum of art and g teborgs konsthall . 14 apt institute edit in july 2013 artist pension trust announced establishment of apt institute a non profit organization whose task is to facilitate exhibitions and loans for curators museums and art organizations as well as to promote contemporary art and artists worldwide . recent loans arranged through the apt institute include jean shin s installation of neckties and a chain link fence named untied which featured in the solo show jean shin common threads at the smithsonian american art museum and sherif el azma s powerchord skateboard a two screen dvd installation that was part of the tate modern s recent show project space objects in mirror are closer than they appear . 15 awards edit apt artists have won awards and prizes including the turner prize the william h. johnson prize the hugo boss prize and the future generation art prize . 7 some of the apt s most prominent award winning artists include douglas gordon winner turner prize 1996 yael bartana winner artist mundi prize 2010 richard wright winner turner prize 2009 martin boyce winner turner prize 2011 richard aldrich jeremy deller winner turner prize 2004 beth campbell gert & uwe tobias charles avery gelitin alicia paz jean shin and david shrigley . see also edit contemporary art references edit a b c howe jeff 13 april 2005 . paint by numbers . wired . retrieved 27 january 2014 . edward kaufman jason 17 august 2004 . a pension scheme for artists . forbes . retrieved 25 january 2014 . tully kathryn 27 august 2013 . how do you sell the world s largest contemporary art collection . forbes . retrieved 25 january 2014 . mutualart.com . adam georgina 6 september 2013 . renoir treasures for sale and london s new art district . financial times . retrieved 25 january 2014 . siedle edward 24 october 2013 . artist pension trust designer retirement plan may rock the art world . forbes . retrieved 4 january 2014 . a b new test for investment potential as artist pension trust prepares to benefit from first art sales after a decade of existence pdf . skate s art market research . 13 november 2013 . retrieved 25 january 2014 . the impact of dividend policy on the valuation of equity debt and credit risk . university of auckland . retrieved 28 january 2014 . salamon julie 20 july 2004 . new pension fund seeks to give struggling artists a taste of long term stability . the new york times . retrieved 27 january 2014 . grant daniel 21 june 2005 . global pension trust helps artists to help themselves . artnews . retrieved 25 january 2014 . artist talk acting out of nothingness from the apt collection . daiwa anglo japanese foundation . retrieved 28 january 2014 . dleadell colin 22 july 2013 . art market news world s largest contemporary art collection seeking to sell 5 000 works . the telegraph . retrieved 25 january 2014 . a preview the 55th venice biennale . the huffington post . 3 june 2013 . retrieved 25 january 2014 . kinsella eileen 7 january 2014 . artist pension trust launches new sites . artinfo . retrieved 27 january 2014 . kinsella eileen 29 july 2013 . artist pension trust plans first ever sales from its vast collection . blouin artinfo . retrieved 3 january 2014 . external links edit official website chairman moti shniberg on the arttactic podcast retrieved from https en.wikipedia.org w index.php title artist pension trust & oldid 689068660 categories arts organizations based in new york cityeconomics organizationsretirement communities navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what 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