Art finance

Financial arrangements regarding the buying and selling of art have their roots in old-school pawnbrokers. Practices have greatly developed over the years and now encompass art loans and guarantees underwritten by auctioneers or third parties.


Art lending

Blow to art lending market in UK as government scraps proposed new lending law

16 May 2018

Art lending in the UK suffered a blow this week when the government announced it was abandoning a proposed bill to reform lending laws.

Art lending trend continues as auctioneers sign to finance firm

19 March 2018

Unbolted continues its move into the art and antiques sector with Holts the latest firm to offer its lending services to customers.

Borro

Investment firm helps restructure online loan provider Borro

22 November 2017

Online loan provider Borro has restructured its business as part of new investment from owner Victory Park Capital.

Deloitte

Art market’s lack of transparency major concern for investors, says Deloitte report

14 November 2017

The perceived lack of regulation and transparency in the art market is a source of concern for investment advisers, according to the latest Art & Finance Report 2017.

ATG Letter: The axing of credit for dealers by auction houses levels the playing field

04 September 2017

MADAM – Some would say ‘at long last’… Auctioneers throughout the country have started to take Boningtons’ lead and withdraw the two weeks – or, in some cases, 30 days – credit traditionally offered to many silver and furniture dealers in exchange for their regular attendance at sales.

Dadiani

Cork Street gallery seeks to widen buyer base by welcoming Bitcoin

06 July 2017

A Cork Street gallery has become the first in the UK to accept digital currencies such as Bitcoin.

Jan Prasens

Sotheby’s promotes finance division boss Jan Prasens to managing director of Europe

19 June 2017

Sotheby’s has promoted Jan Prasens to managing director of its Europe division.

img_12-1.jpg

Taking the chains off art loans

22 May 2017

The UK’s complex art-lending scene is a pale shadow of its US counterpart. However, a new law could change all that – if loans against art works can be registered.

Investment sought for art shares trading platform

22 May 2017

An online platform for trading shares in artworks could become a reality if a new company manages to meet its fundraising target.

2280NEDI Falcon Fine Art Tim Hunter 16-02-16.jpg

Falcon Fine Art enters into Belgium lending market

17 February 2017

Financier Falcon Fine Art has completed its first art lending deal in Belgium. The firm helped a collector in Belgium borrow against the value of a collection of 19th century “museum-quality” paintings and sculpture.

Fine Art Group to launch lending arm

10 October 2016

Philip Hoffman’s Fine Art Group are to launch a new finance company targeting artworks valued between $250,000 and $20m.

New law planned to govern the art lending market

20 September 2016

A shake-up of the art lending market has been proposed by the Law Commission with eventual plans for an art assets register.

Shakespeare First Folio Hamlet

Forum to offer interest-free credit on auction purchases

09 September 2016

Forum Auctions are to introduce a credit facility for buyers at future sales. In an exclusive arrangement with lending platform Unbolted, the new London firm will offer approved bidders the opportunity to pay for purchases with up to 90 days of interest-free finance.

Victoria Borwick MP: ‘Brexit an opportunity to recast laws affecting UK art market’

01 September 2016

The antiques industry now has the chance to influence any rethinking of laws that have compromised its trade as the UK heads towards Brexit, the MP Victoria Borwick said this morning.

EU Referendum… how will the art and antiques industry adapt to a Brexit economy?

15 June 2016

With just over a week to go till polling day, we asked dealer and auctioneer representatives to speculate on how both sides will adapt to any uncertainty generated by a vote to Brexit

Art-secured lending grows by 20% in US

11 May 2016

The American art-secured lending market is growing significantly, with an estimated loan book size of between $15bn-19bn.

15-12-07-2220NE05A sothebys russian auction.jpg

Russian art sales suffer from flatter demand

07 December 2015

The latest Russian art sales in London posted the weakest results in over a decade as a drop-off in both demand and supply brought a further downturn in the market.

Cultural property law to be debated in German parliament

30 November 2015

The German Cultural Property and Heritage Protection Law (Kulturschutzgesetz) is due to be debated in the German Bundestag next spring after a “defused” draft of the law received cabinet approval on November 4.

15-11-16-2217NE04D Lucian Freud The Brigadier christies.jpg

Major lots help generate over $2bn total in New York auction fortnight

16 November 2015

The large sums of money changing hands at the top end of the Impressionist, Modern and Contemporary art market was underlined at the latest auctions in New York.

15-11-09-2216NE04A Modigliani Paulette Jourdain sothebys.jpg

Results for Taubman collection question level of guarantee

09 November 2015

The hefty guarantee paid out by Sotheby’s to secure the Alfred Taubman collection meant the stakes were running high for the first and most financially crucial tranche of the four-part auction staged at Sotheby’s New York.

News

Categories

Tags in this section