Bloomberg's James Tarmy has a lengthy, interesting piece on the Artist Pension Trust, which is getting ready to start selling some work. I guess the proof will be in the pudding, but I've long been a little skeptical for the reasons Tyler Cowen articulated here. Cowen's bottom line:
" ... decompose the transaction. Half of your income stream remains tied up in your own art and thus risky, minus the [28%] of course. With the other half of your pension you decide to invest in not-yet-totally-famous artists. Would anyone recommend such purchases on their own merits? Is that your idea of insurance?"