Art FinanceArt Lending

Luxury asset lender Borro launches new term loan product in US

Borro, the online platform for lending backed by luxury assets such as art, has launched a new term loan product in response to high demand from partners, including private banks, wealth managers and financial advisors. Term loans are now available for 18 to 36-month periods with monthly interest rates from …

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Art FinanceArt Lending

Olyvia Kwok: “Knowing the trends and getting it right”

When Olyvia Kwok was just 22 years old she decided to buy a Chinese scroll painting at an auction for $33,000. She was convinced that the auction house had not catalogued it correctly it. She was certain it was older and could be sold for more. Kwok was correct and …

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Art FinanceArt Lending

Fine Art Partners: Art financing for Galleries & Dealers

Run by Loretta Würtenberger and Daniel Tümpel a husband and wife team, Berlin based Fine Art Partners sets out to act as a partner providing acquisition financing to galleries and dealers. We asked Daniel Tümpel one half of the team about Fine Art Partners and how they fit into the …

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Art FinanceArt Lending

Thomas González Art Loans: Financing dealers and collectors

Based in Berlin and established in 2009, Thomas González Art Loans lends to dealers and collectors wanting to invest in art. We asked founder Thomas González, about his company and the state of the art market. Why should someone use art financing? Thomas González Art Loans offer art loans as …

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Art FinanceArt Lending

ArtAssure offering art finance to auction sellers

ArtAssure, the specialist art financier, has launched a marketing campaign for prospective sellers in 2015 auction sales who are looking for finance. It is offering to advance sellers up to 50% of the loan to value of the collection’s auction estimate. ArtAssure will offer interest of between 10% and 15% …

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Art FinanceArt Lending

Sotheby’s Finance portfolio grew 35% to $583 million in 2014

Sotheby’s Finance’s revenues grew by $10.8 million – or 35 per cent – in 2014 to $42.1 million. The gross profit from Sotheby’s Finance increased by 10% (%3.1 million) to $33.1 million. In January 2014 Sotheby’s started funding its finance division with a $550 million dedicated revolving credit facility rather …

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Art FinanceArt Lending

Asher Edelman targets art leasing with Artemus

When visitors walk into the lobby of One World Trade Center, they will not be able to miss José Parlá’s 90-foot abstract mural, the biggest work of its kind in New York.  This piece, and the other works in the tallest building in the western Hemisphere, have also inspired the …

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Art FinanceArt Lending

Falcon Fine Art formally launches at the Gherkin

More than 200 people attended the formal launch of Falcon Fine Art at the top of 30 St Mary Axe, the iconic building in the City of London, better known as the Gherkin, on October 13 Dr Tim Hunter, vice president of Falcon Fine Art, welcomed guests and explained how …

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Deloitte Art and Finance
Art FinanceArt Lending

Deloitte and ArtTactic forecast growth in art lending

Deloitte and ArtTactic say that 48%of art collectors that they surveyed for their Art and Finance Report 2014 would be interested in using their art as collateral for an art loan. This is up from 41% in the 2012 survey. Some 40% of private banks that they surveyed said that …

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Art FinanceArt Lending

Falcon Fine Art: “We have the money and we are ambitious.”

Falcon Group has launched Falcon Fine Art, a new division focused on art finance. The fast growing specialist finance company believes the market is under served and that it can compete with private banks by not requiring banking relationships or a commitment to keep assets under management. Borrowers in England …

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