Artist Pension Fund Forming

A company in New York has started a pension fund for artists. “The fund, called the Artist Pension Trust, is designed to offer some retirement security for a fairly select group of up-and-coming visual artists now in their 20s and 30s. Instead of investing money, artists will contribute their own artwork to a trust. The artwork will be held for a number of years, then sold, with the proceeds going into the trust, from which artists will draw their pensions.”