One great idea that emerged from the panel interviews came from Val Nelson. She referred to one of her business practices as the development of her self-directed artists’ pensions. Whereas I was familiar with the professional practice of strategically retaining work throughout the span of their career, I had never thought of the practice as the creation of an artists’ “pension.”
I have often heard artists bemoan the volume of their unsold inventory, but rather than see it negatively, thinking of it as a pension changes a perceived liability into an asset. Val put a clever (financial) spin on an established professional practice; she made me consider an artists work record (or unsold inventory) in a different and positive way.