MutualArt Triples Distributions and Sales for Artist Pension Trust After Merger

MutualArt, the world's leading source of art market information and manager of the Artist Pension Trust (APT), today announced its total sales and distributions had more than tripled from 2016 to 2017, with total sales reaching $1.4million - up from $450,000 in 2016. The rise will see artists in APT's New York and LA trusts each receiving up to $4,000 - increasing from $1,700 in 2016.

The acceleration in sales follows APT's merger with MutualArt in 2016, to form the MutualArt Group. The group combines APT's collection of 13,000 artworks from over 2,000 artists in 70 countries with MutualArt's comprehensive online database - an extensive resource which includes in-depth performance analysis for 300,000 artists, as well as coverage of auctions, exhibitions, current market trends and usage data from 500,000+ registered members worldwide.

"MutualArt has been able to successfully facilitate private sales by delivering artworks to the most relevant collectors and institutions, using both our extensive online database of art market information, and insight into trends gained by our 500,000-strong member base," said Al Brenner, CEO of MutualArt Group.

MutualArt's private sales service offers collectors, art advisors, foundations, corporations and institutions exclusive access to artworks from the APT collection, as well as discreet sales of secondary market works, while also providing buyers with support and advice using the company's superior data and analytical capabilities.

'We are extremely pleased with what we have been able to achieve so far and the support we have been able to provide our artists with - and this is just the beginning,' added Brenner.

Learn more at mutualart.com and aptglobal.org.

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