Monday, April 11, 2005

Pension Fund For Artists

Wired has an interesting piece on the Artist Pension Trust. The concept:
Create a pension plan for artists by gathering a collection of their works and gradually selling them off to build a cash account. Over the course of their careers, some artists would succeed wildly; most would fail miserably. By spreading that risk of failure among a large pool of artists, Shniberg figured he could provide financial security to a group of workers unaccustomed to a safety net.

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