Art FinanceArt Funds

Art funds: an inside view from Artemundi

The art fund industry is developing with trepidation, Paloma Evoli, who analyses the global art market for the Artemundi Global Fund, is convinced of their efficiency in portfolio diversification, asset protection and financial long-term solvency. “The financial academia but mostly experience has provided us with the tools needed to prove …

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Art BusinessArt Finance

GE Capital leads $850 million loan for Sotheby’s

Sotheby’s has agreed new loan agreements worth $850 million which will allow it to double the amount it offers in auction guarantees from $300 million to $600 million. GE Capital led the transaction. The $850 million of revolving debt is split into three parts: a one year $50 million incremental …

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Art FinanceOwn art

Can you make money investing in art?

Yes. People have made millions buying art purely for financial reasons. Art funds have generated significant profits (the most famous being the Peau de l’or The Peau de l’Ours or Bearskin Club in 1904 and the British Rail Pension Fund in 1974). There are many collectors that have made fortunes …

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Art FinanceArt Funds

Buying and selling art needs a strategic approach

When selling an item from your art collection, it is wise to adapt your approach depending on whether the piece is Contemporary or an Old Master. That is the view of a spokesperson for art investment and advisory house The Fine Art Fund Group. “Contemporary works could be deemed more …

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Art FinanceArt Lending

Borro closes £67 million lending facility with Victory Park Capital

Borro, the specialist asset lender, has closed a £67 million ($112 million) loan with Victory Park Capital, a middle-market asset management firm. “This new lending line represents the confidence the market has in our business, and in Victory Park Capital we have a very important partnership that provides a significant …

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Art FinanceArt Lending

UBS wins art finance award in Euromoney’s private banks survey

UBS came top in the art and collectibles advisory category in the 2014 Euromoney Private Bank Awards. Euromoney only added this category to its awards last year and this is the second year it has won. JPMorgan was second. 2014 Bank 2013 1  UBS 1 2  JPMorgan 4 3  Credit …

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Art FinanceArt Lending

Borro offers loans for owners planning to sell art

Borro, the specialist art asset lender, has launched a new sale advance loan programme where it will lend cash against art due to be sold. The firm will lend against assets – provided it holds them – and offer a low monthly fee in return from a percentage of the …

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Art FinanceArt Lending

Borro hits £50 million landmark through art lending

Borro, the specialist asset lender, has lent £50 million ($75 million) since launching in 2008. Most of this lending is secured by art. The lender, which takes custody of any assets until loans are fully re-paid, will lend up to £1 million against art or other high value assets. However, …

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Art FinanceArt Funds

Berenberg cancels art fund, moves art advisory in-house

Helge Achenbach and Dr Stefan Horsthemke are leaving Berenberg Art Advice as Berenberg moves art advisory back into the bank. It has also cancelled its planned art fund. “The significance of art as an asset category will continue to increase. We wish to create a high quality advisory and service …

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