News

Art collectors pawn Pollocks and Richters for millions in cash

Demand for art-secured loans continues to rise after jumping during market turmoil earlier this year, says Freya Stewart, who heads up The Fine Art Group’s art finance activities. While some investors are seeking to increase their cash holdings amid the uncertainty or to meet margin calls on pandemic-hit portfolios, others are now leveraging their collections to buy more works with live auctions set to resume soon. In a wide-ranging interview with CNNMoney’s Tanya König, Stewart also touches on recent deals, lending rates, art prices, and where to store works used as collateral (hint: Switzerland).

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

© 2020 CNNMoney Switzerland SA. All Rights Reserved. Terms under which this service is provided to you.

To Top