Borrowing against art is growing at a stunning rate

This piece from The Economist provides a concise summary of the current state of art-secured lending.

With fallen interest rates, open public registers, and readily available auction results, the number of owners who are borrowing against their art has continued to grow at a double-digit rate over the last two years.

Although this article largely focuses on boutique lenders based in the U.S.A., The Fine Art Group receives notable mention in regards to the potential of art-lending schemes in Europe, which, according to The Economist, is the area with the “best prospect for growth in the sector.”

Read the full article here.

 

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