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The Artist Pension Trust, a financial- planning institution tailored specifically for artists, is to sell almost half of its vast collection of 10,000 artworks from next month.迷你倉 Co-founded by current chairman Moti Shniberg, APT operates on a unique model where instead of cash, it collects artworks as investments, 20 per artist over a 20-year period, during which time APT exhibits, lends and manages the artworks on behalf of the artist. APT, established in 2004, has eight trusts, made up of up to 250 artists each, totaling more than 1,500 artists from the world's leading art centers, according to its website. Each APT is a sum of individual collections within one larger collection. Payouts take place every year and participating artists benefit from the commercial success of the other 249. The trust, which will give priority to institutions when selling the collection, has amassed works, by artists from 75 countries, which are valued at more than US$100 million (HK$780 million) in total. The sale, if successful, will no doubt see its artists being rewarded. However, there is a risk to joining th文件倉 program in that it essentially depends on the art market, which is difficult to predict, unregulated and, at times, unstable. APT is open to all artists, but it places bets on those who are young. It is also expecting to expand its presence across Asia, presenting more exhibitions and awareness events, through its regional office APT Beijing and supporting Hong Kong office. Local artists such as MAP Office, Lee Kit, Wilson Shieh and Warren Leung are all participants. Whether or not this model will work remains to be seen. Its innovative structure, we believe, will give it some resilience toward market trends, and provide sustainability unlike other commonly short-lived art investment funds. Who stands to gain the most from this commercial entity will take time to demonstrate. But, come September, many in the art world will be closely watching to see whether this model - and its first test on the market - will bring tangible, quantifiable benefits to artists. Architectural critic Nicholas Ho and art historian Stephanie Poon don't always see eye to eye. nicholasho@hpahk.com, stephanie@cdd.com.hk 存倉