Artist Pension Trust Announces Art Display at 28 Liberty Street
Carefully curated works are featured throughout the New York City building, including in Danny Meyer’s Union Square Hospitality Group’s newest spaces, Manhatta and Bay Room
July 31, 2018 – New York, NY – Artist Pension Trust (APT) is pleased to announce its new project at 28 Liberty Street, a 60-story skyscraper, located in Manhattan’s Financial District. APT artist works will be featured throughout Fosun International’s 28 Liberty building, including at Manhatta, the Danny Meyer-run Union Square Hospitality Group’s (USHG) newly-opened restaurant and bar, as well as Bay Room, USHG’s first-ever event space, both of which occupy the 60th floor of the building.
“Art has always been an essential part of our restaurant designs,” says Meyer. “We are thrilled to include over 100 pieces of artwork from Artist Pension Trust in Manhatta and Bay Room, both by top local talent and established international artists. We love APT’s mission of helping artists and fostering a community between them, and we feel privileged to benefit from their meaningful work, and to share it with our guests.”
Featured artists in the space include Logan Grider, an Oregon-based artist and Theresa Hackett, a Los Angeles-based artist, who will both have their works featured inside Manhatta and Bay Room. Hackett’s work incorporates non-conventional materials to create hybrid landscapes while Grider’s pieces showcase an abstract theme.
“This partnership between APT, Fosun, and USHG is an exciting opportunity for our artist community,” says Zohar Elhanani, CEO of Artist Pension Trust. “We constantly seek new and exciting avenues to highlight the works of APT’s artists and the opportunity to showcase selected art throughout 28 Liberty and in both Manhatta and Bay Room, art that has been personally selected by Danny Meyer, will serve as fantastic exposure for our artists.”
Founded in 2004, APT (Artist Pension Trust) is a unique social initiative, designed to bring financial security and international exposure to a select group of emerging and established artists around the world. APT acts as a mutual assurance program, allowing participating artists to benefit from the sale of each other’s work — in essence, ensuring that the big-name artists behind blockbuster shows can support the work of talented peers still gaining art world recognition.
Since its foundation, APT has worked with some of the world’s leading contemporary artists, from Turner Prize winners to recipients of prestigious awards including the Prix de Rome and Deutsche Bank’s Artist of the Year. Works by APT artists have been loaned for exhibitions at the world’s leading institutions and have been prominent features of events including Art Basel and the Venice Biennale.
Artist Pension Trust (APT) was established in 2004 to provide artists with added financial security at every stage of their career, through a unique, patented model that allows participants to benefit from one another’s success. The APT model ensures that 72% of the net proceeds from the sale of an artwork goes back to its artist and their peers: 40% to the artist who created the work, and 32% shared among artists in their regional group.
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