A fascinating article from Wired Magazine entitled “Paint by Numbers: It’s high art meets high finance. It’s social security for starving artists. How a tech whiz kid launched the first museum-quality pension fund.” Excerpt:
The idea was simple: Create a pension plan for artists by gathering a collection of their works and gradually selling them off to build a cash account. Over the course of their careers, some artists would succeed wildly; most would fail miserably. By spreading that risk of failure among a large pool of artists, Shniberg figured he could provide financial security to a group of workers unaccustomed to a safety net.