On Saturday 8th October Melanie Girlis announced that Philip Hoffman’s Fine Art Fund Group has rebranded as The Fine Art Group and launched an art loans operation.
“Founder and chief executive Philip Hoffman says that the rebrand reflects the firm’s broader offering, including the seven investment funds that he continues to manage. The group has also been running an art advisory service for the past few years. The new art lending business is headed by Freya Stewart, who has worked as a finance lawyer, and as senior legal counsel at Christie’s. Stewart says she expects to offer relatively low rates — and a loan-to-value level of up to 50 per cent, which is high for the art market — because the group will be using its own invested equity capital, and because it already has an in-house team of art experts.”