The art secured lending market has grown rapidly, with outstanding loans secured against fine art estimated to amount to between $21 billion and $24 billion in 2019.
The Growth of Fine Art Secured Lending
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The art secured lending market has grown rapidly, with outstanding loans secured against fine art estimated to amount to between $21 billion and $24 billion in 2019.
The client was keen to buy new works and needed to move quickly to secure them, required a short term loan to make the purchase.