The wealthy are borrowing billions against their art collections and lenders are reselling the debt

 

“A lot of our clients are entrepreneurs, and they use leverage across their businesses and personally,” said Freya Stewart, CEO of art finance at The Fine Art Group. “They have a lot of valuable capital tied up in their art collections and they want to release that capital for other uses.”

Following a surge in loan requests due to the pandemic, Freya Stewart discusses the appeals of leverage to entrepreneurial collectors who are using their artworks as both loan collateral and an investment product.

To read more of Freya’s comments in this CNBC article, please click here.

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