A Collective Future For Older Artists

When entrepreneur Moti Shniberg asked one of his artist friends how he expected to send his child to college, the artist responded by asking him to buy some of his work. "That's when he realised that artists don't do financial planning," says Pamela Auchincloss, chief executive of the Artist Pension Trust (APT).

Shniberg's exchange with his friend marked the birth of the APT, an investment scheme that provides artists – many of whom struggle to make a living, let alone plan for retirement – with some financial security in old age.

http://www.guardian.co.uk/money/2009/sep/19/artists-pensions