Artist Pension Trust makes first financial distribution

The Artist Pension Trust (APT), a business that pools artists works to provide some financial security later in life, has handed back its first returns since it was founded in 2004.More than 400 artists who are part of its New York and Los Angeles trusts received between $200 and $1,700 in July when more than 20 works, worth a total $452,085, were sold. APT is not disclosing details of the sold works.Its great to see the programme working, says the conceptual artist John Baldessari, who is on A