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Art is collateral in fickle market

Two major self-financed UK lenders are offering non-recourse loans secured by art

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


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...

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