In the Deloitte Art & Finance Report 2019, Freya Stewart contributed an article on the current state of the asset-based art-secured lending market, and the challenges and opportunities the next five years will bring.
“Awareness and understanding of art-only asset-based financing among the top-end collecting community and, importantly, their financial advisors and family offices, has without doubt risen in recent years…. In particular, significant younger collectors, and collectors who are entrepreneurs in other markets, are coming to recognize the diverse utility of art-secured credit facilities…
… The growing demand for art-backed loans is a natural reflection and extension of the increasingly sophisticated nature of the world’s most active and prominent art buyers.”
Read Freya’s full article on pages 120 – 121 of the Art & Finance report here.
THE FINE ART GROUP: LEADING ART FINANCE PROVIDER
With the acquisition of Falcon Fine Art’s art-secured loan book, The Fine Art Group further cements its position as a leading art finance provider. It marks the first significant consolidation of specialist art lenders in a maturing and growing art financing market.
“We are delighted with the acquisition of Falcon Fine Art. This inaugural art-financing business consolidation strengthens our long-term commitment to being the leading art finance provider to collectors and owners of high value art globally. This is an exciting time for our business as demand for our art financing product increases – we look forward to continuing to deliver the best art lending service to our clients.”
– Freya Stewart, CEO of The Fine Art Group’s Art Lending business
The Fine Art Group founded its art-secured lending practice three years ago to provide specialist art-secured financing to collectors and owners of high-quality art and jewelry, under the leadership of Freya Stewart. Having established a strong track record in the art lending space, with a commitment to provide financial solutions for a growing global client base, The Fine Art Group was the natural buyer for Falcon Fine Art.
Kamel Alzarka, the Chairman of Falcon Group, said: “This sale makes perfect sense, as we continue to focus on the growth and expansion of our core business, providing solutions for our large corporate clients.”
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