A Pension Plan For Artists

Artists often live in poverty, and old age is tough. Now there’s a new plan to help out. “The Artist Pension Trust invites up-and-coming artists to contribute 20 pieces of their work to a tax-protected fund over a 20-year period on the theory that some of the art will appreciate significantly. All the artists will share the profits, even if their initial promise never translates into increased value. It’s a way of taking advantage of the capitalistic nature of the market and mix in a healthy dose of socialism to create a hybrid form.”