For the first time, the Artist Pension Trust® (APT) offers for auction a selection of works from its heritage. A total of 34 works have been chosen to participate in two auctions to be held in March and April in New York and London; among the authors are pioneers of contemporary art, such as Josh Smith, David Shirgley, Bob & Roberta Smith and Liam Gillick. The proceeds from the sales will be donated to ATP artists.
Mark Sebba, president of MutualArt, which also includes ATP, said: “For a decade we have had the privilege of working with many of the most promising artists in the world, thanks to which we have been able to build a Collection of International Contemporary Art.
Only a small selection of works have been sold privately in the last two years: this spring's offering represents the first auction sale of works belonging to the Collection. Now is the time to expand our sales activities, with the aim of funding artists with the proceeds from their contributions to the ATP, unveiling the collection to a new and wider audience.
Choosing works from the thousands of works in the ATP Collection was not easy, but in the end, we chose some of our favorite works by artists who have been part of our program since the early years. These works not only reflect the current tastes of collectors, but reflect the quality and diversity of the works that form part of the Collection that ATP is committed to developing each year".
Artists Pension Trust
Since the beginning of ATP's activities - which took place in 2004 - the program has allowed the establishment of a vast collection of contemporary art works, including 13.000 works by 2.000 artists from 75 countries.
ATP offers selected artists around the world long-term financial assistance through its assistance model. Each participating artist undertakes to deposit 20 works for a period of 20 years. These works are sold progressively to obtain funds that allow the realization of the project which has a model similar to that of a cooperative, where the participants derive profits from each work sold, thanks to the increase in the value of the collection.
