You are here

Art is collateral in fickle market

Two major self-financed UK lenders are offering non-recourse loans secured by art
Tuesday, March 8, 2016 - 05:50

BT_20160308_SOTHEBY_S_2154053.jpg
It is estimated that there is potentially about US$150 billion worth of art in private hands that could be collateralised.

London

ART and money have long been closely linked, but in the 21st century, it seems, the two have become synonymous.

One way to extract the latter from the former is art-based lending, in which paintings or sculptures are used as collateral for loans. Now that the notoriously

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom