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Artists allege ‘epic betrayal’ by collapsed fund that pooled works
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NEWSDECK ANALYSIS
The concept of art investment funds has grown in recent years, with some platforms allowing individuals to buy shares in artworks or pools of artworks, providing a new way for investors to access the art market. These funds often operate by holding artworks for a set period, with the aim of selling them at a profit and distributing the returns to investors. The collapse of such a fund can have significant financial implications for the artists and investors involved, who may have entrusted valuable works to the fund with the expectation of future financial gains.
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FT UK
Artists allege ‘epic betrayal’ by collapsed fund that pooled works
APT’s model involved aggregating artworks over 20 years to then benefit participants when sold
3 Jul, 15:45
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