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 Fund crowdfunding initiative

21 July 2014

The Art Fund have launched a new crowdfunding scheme to help museums and galleries, the first of which should also help boost the art and antiques trade around Hastings.

£67m to help borro lend more

20 March 2014

Pawnbrokers borro have secured another £67m lending facility to help expand their activities in the field of asset-backed lending.

Dispute over calls to sell Bradford artworks

23 December 2013

Bradford Council have come under pressure to auction some of their artworks amid sharp budget cuts.

Sotheby’s figures show rising taste for Western art in China

16 December 2013

The importance of China as a source of new clients in the international art market has been highlighted in a business intelligence report made available to ATG by Sotheby’s.

Spink stop coin dealing to focus on auctions

25 November 2013

Spink have decided to give up their retail coins operation in order to focus all efforts on auctions and private treaty sales.

Major research project into the trade launched

20 November 2013

A major research project aims to investigate the history, evolving nature and importance of the British antiques trade in the 20th century.

Sotheby’s focus on shareholder value following challenge

18 November 2013

Driving value for shareholders is at the heart of Sotheby’s business review and ongoing strategy, as third-quarter results show a big rise in private treaty sales and a long-awaited boost from their online offer.

Partridge strikes deal with Cheyne

14 October 2013

Adam Partridge Auctioneers & Valuers, currently marking their five-year anniversary with a string of specialist sales, have acquired the established auction business of Patrick Cheyne based in Hale, Altrincham.

Sotheby’s announce rights issue to fend off Loeb

11 October 2013

Sotheby’s board of directors have moved to counter increasing pressure for change from investor Daniel Loeb by issuing shareholders with new rights to acquire company stock.

Show us why you should be backed as an art dealer

10 October 2013

Be Smart About Art have announced a competition for aspiring art dealers to win prizes and discounts worth over £2000 towards attending their Art Dealers Bootcamp, an intensive three-day course from February 3-5, 2014.

Christie’s achieve £16.3m on their China debut

04 October 2013

Christie’s successfully completed their first auction in mainland China on September 26.

Noble and Gibbons press ahead with offer

04 October 2013

Noble Investments (NBL) have confirmed that their board have recommended acceptance of the proposed acquisition by Stanley Gibbons (SGI) in a cash and shares deal worth 255p a share, 192.5p of which will be paid in cash.

Sotheby’s review strategy to placate shareholders

20 September 2013

Sotheby’s have announced that they are reviewing their financial strategy in a bid to create the optimum balance between future investment in the company and shareholder return.

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Auctioneers target private sales with new London galleries

09 September 2013

The competition for private sales among the leading auction rooms will step up during the coming weeks as both Sotheby’s and Christie’s hold exhibitions at their new private galleries in London.

Borro launch concierge service to boost loans scheme

09 September 2013

Borro have introduced a concierge service to help make their asset-backed loans programme much easier and quicker to use for clients across the UK.

Hedge fund tycoon takes large stake in Sotheby’s

02 September 2013

Speculation over the future of Sotheby’s has been rife since Wall Street hedge fund billionaire Daniel Loeb’s firm Third Point announced it had acquired a 5.7% stake in the firm.

What is the government’s competence review about?

21 August 2013

The Balance of Competences Review, as it is called, aims to provide an analysis of what the UK’s membership of the EU means for the UK national interest.

Jane Austen ring donation

19 August 2013

An appeal to keep in the UK a ring once owned by Jane Austen received an anonymous £100,000 donation just days after it was launched.

Auction revenues jostle for space alongside loans and private sales at Sotheby’s

14 August 2013

Global sales for the first half of 2013 at Sotheby’s totalled $3.14bn (£2.05bn), their latest set of results reveal.

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French auction results show Contemporary art at the forefront

05 August 2013

Several of the main French auction firms and French branches of international houses have produced their half-year sales figures.

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