(English) 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.”