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.


Heritage post over $860m in 2012 sales

28 January 2013

Dallas-based Heritage Auctions say 2012 was their best year to date, with total sales of more than $860m.

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Private sales prove a rising feature of French results

21 January 2013

After a tough economic year, several French auction firms have now released their sales figures for 2012.

Auction totals holding up as regional leaders are closely matched

15 January 2013

In what were far from easy trading conditions, the UK’s top tier of regional salerooms enjoyed a largely positive 2012.

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Over supply hits all but the best in Dublin

10 January 2013

The traditional pre-Christmas auctions in Dublin often see some of the best Irish art of the year on the market and, despite the sector still being tough going, a good number of works by leading names appeared this time round.

Asset-backed lender receives £36m cash injection

19 November 2012

Borro have announced a total £36m injection of investment for the new asset-backed loan scheme based on art, antiques and luxury goods that they unveiled in September.

Instant secured loans issued on luxury assets

24 September 2012

Borro, the world’s first online asset lender, are to advance loans against high-value items being consigned for sale by auction or private treaty. The company have devised a scheme whereby they will loan up to 70% of the estimated sale price of assets valued between £50,000 and £1m, such as fine art, jewellery and wine, recouping their costs and fees once the sale has been completed.

Banks turn to art as an asset

04 September 2012

There is growing evidence that financial institutions are looking much more seriously at art as an asset for investment and loan guarantees.

Insurance firm offer auction guarantees

29 May 2012

A new insurance company are trying to plug what they see as a gap in the market for auction guarantees between $10,000 and $1.5m.

Art Auction Guarantee: how it works

29 May 2012

ATG posed a number of questions to Art Auction Guarantee. Here is a summary.

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Records in Hong Kong despite Chinese credit squeeze

12 December 2011

THE selectivity in the Chinese ceramics and works of art market seen in London in early November was repeated during Christie’s and Bonhams’ latest Asian series in Hong Kong.

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Upturn sees Lalique stand alone again

10 December 2011

ONE pointer to the buoyancy of a particular collecting field is whether or not it merits its own dedicated sale.

Art industry needs help like City

05 December 2011

“EUROPE certainly shouldn’t be creating new burdens,” said Chancellor George Osborne as he dismissed plans for a financial transaction tax on the City as “a bullet aimed at the heart of London”.

Dealers face their own banking crisis say LAPADA

14 November 2011

ESTABLISHING a satisfactory relationship with a bank appears to be one of the major difficulties facing art and antiques dealers in the current economic climate.

Sotheby’s turnover up 20%

14 November 2011

SOTHEBY’S latest set of results showed the sustained resilience of the global art market against the backdrop of general economic turmoil.

Survey shows cheques are still key to antiques trade

10 October 2011

A SURVEY conducted by LAPADA has revealed just how much the art and antiques trade relies on the cheque.

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Cuts prompt councils to sell off art

12 September 2011

THE last few months have seen a dramatic increase in the number of works from provincial museums being sold on the open market as a result of government cuts.

Antiques scrapped as gold and silver prices spike again

23 August 2011

A RECORD high for gold and another surge in the price of silver led to considerable volumes of antiques being sold for scrap last week.

Riots disrupt trade but firms largely escape attacks

15 August 2011

THE art and antiques trade survived largely unscathed from the widespread riots seen in England last week. However, many businesses across the country were forced to close...

Auctioneers latest figures show private sales on the rise

08 August 2011

THE competition over private treaty sales headlines Sotheby’s and Christie’s latest set of results which cover the first half of 2011.

Cheque payments win a reprieve

18 July 2011

THE threat to the art and antiques industry posed by the proposed ending of cheques has been lifted after it was announced that the banking industry will not scrap them after all.

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