After recently making its first distributions, the Artist Pension Trust, a mutual assurance fund that provides long-term financial security for artists, has announced a merger with MutualArt.com, a website dedicated to “objective art information,” to form MutualArt Group. Mark Sebba, the former CEO of the Net-a-Porter Group Limited and current trustee of the Victoria and Albert Museum, has been named chair of the company. Sebba will take over from Moti Shniberg, who served as chairman of both APT and MutualArt.com until the merger.
The merger will facilitate the sale of artworks from the Artist Pension Trust collection to the most relevant collectors and institutions across the globe. The APT collection currently comprises nearly thirteen thousand artworks from two thousand artists in seventy-five countries, while MutualArt.com’s more than five hundred thousand registered members are mostly collectors and art-world professionals.