Art FinanceArt Lending

Sotheby’s increases its lending power to attract customers

As it feels pressure to increase its profits, Sotheby’s has dramatically increased the amount it can borrow in order to offer credit to clients. GE Capital, Corporate Finance is serving as administrative and collateral agent on $1.335 billion in senior credit facilities for Sotheby’s. The new facilities include a $485 …

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Art BusinessArt Finance

Sandip Mallik: why Prime Art Capital is different

When Sandip Mallik set up Prime Art Capital in June 2013 he was responding to several key needs he had identified within the art world. A boutique art advisory and investment management firm, Prime Art Capital leverages technology for clients who are interested in art and other fine collectibles as …

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Art FinanceArt Lending

Find art finance: Art lenders and financiers

If you are looking to borrow against art you own, there have never been so many options. The following institutions all specialize in art lending and could help finance your collection. Actif-Art French art leasing company. Offers leases of between 13 months and 48 months. ArtAssure Founded by Asher Edelman, …

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Art FinanceArt LendingNews

Asher Edelman: “Art as branding”

What do you do with an architecturally bland building? Dress it up with art. Trying to sell vacant condos? Dress them up with art. One World Trade doesn’t impress the critics? Dress the lobby with famous art. This is perhaps the guidance that Asher Edelman, founder of Artemus – the …

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Art FinanceArt Lending

Thomas González: Why selling art does not make sense

Art was seen as an exotic investment in the past. Art is something we cannot measure like a stock or gold. The artistic value of a Warhol is not measurable with numbers. Now if we take a look at the numbers of the auction results of the past two years …

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Art Funds

Herman Steyn: Why I launched the world’s first Contemporary African Art fund

For Herman Steyn, setting up an African art investment fund was a natural extension of his background in financial services and his passion for collecting contemporary African art. He created the Scheryn Art Collectors’ Fund – believed to be the first of its kind – in collaboration with friend and …

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Art FinanceArt Lending

Right Capital: changing the way people see art lending

As anyone who has offended their friends by playing matchmaker knows, it’s not always easy to find the right people for a partnership. Too often it can go horribly wrong. But it is what Right Capital specialises at when people need art finance. Launched in 2012, Right Capital act as …

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Art FinanceArt Lending

Ramsay Slugg, U.S. Trust: Estate planning & Art lending

Art lending is a core lending product for U.S. Trust, now part of Bank of America, which was founded back in 1853. But Ramsay Slugg, managing director and wealth strategist at U.S. Trust, who has expertise in art planning, says they are seeing an increase in demand. Slugg says. “Lending …

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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 Funds

The Fine Art Invest Fund: The photography fund

In November 2011, when the bidding stopped at $4.3 million, Andrea Gursky’s photograph ‘Rhein II’ became the most expensive photograph ever sold at auction. One year before the Gursky sale the Fine Art Invest Fund launched. The Fine Art Invest Fund is an art investment fund specialising in contemporary photography, …

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