Tuesday, July 22, 2014
Running the World’s largest Private Art Collection is not all fun and games. Moti Shniberg used his background in data-mining tech startups to create the Artist Pension Trust, which has collected 10,000 pieces of art from nearly 2,000 artists worldwide. The trust has attracted the support of big name artists and art supporters based on its mission to help artists make more profit off of their art by making the trust a charitable middle man rather than for profit art dealer. The collection is so large that it can be difficult to manage all of the pieces and selling them may turn out to be harder than collecting them. There is also some risk that the artists are taking on when they join and add their art to the collective. The trust has just begun to sell some of the pieces donated to it ten years ago.
See James Tarmy, The Problem With Selling the Largest Private Art Collection in the World, Bloomberg, July 15, 2014.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.