LOANS ON FINE ART

We offer short term loans against fine art with competitive interest rates. No credit checks or impact on affordability. Loans available from £20,000 to £2 million with terms from 3 to 24 months.

BRIDGE LOANS

Use your fine art as security for a loan. This prevents you from having to sell your luxury asset(s) as it is returned to you once the loan is repaid. This offers an alternative to a traditional bank loan or property bridging loan.

SALE ADVANCE LOANS

Sell your fine art and receive funds immediately rather than waiting for the sale to take place. Our experts work with you to find the best sales channel to sell your luxury asset and you receive a large proportion of the auction reserve price immediately.

ACQUISITION LOANS

Take advantage of fine art investment opportunities when they arise. You can bid at auction, settle the purchase with our loan and then take possession of the asset at a later date.

WHY US

A solution to your short term liquidity challenges.

FAST

We provide loan funding in as little as 1-3 days from application.

CONFIDENTIAL

We maintain the highest ethical standards and utmost client discretion.

FAST

We provide loan funding in
as little as 1-3 days from application.

CONFIDENTIAL

We maintain the highest ethical standards and utmost client discretion.

EXPERT

The group we are part of has lent over £200 million against luxury assets since 2010.

FLEXIBLE

We provide clients with a personal service and tailor loan terms around their needs.

EXPERT

The group we are part of has lent over £200 million against luxury assets since 2010.

FLEXIBLE

We provide clients with a personal service and tailor loan terms around their needs.

OUR PROCESS

We can come to you or you can come to us.

1. ENQUIRY

Send an enquiry to our Business Development team by completing one of our short enquiry forms or by emailing us. Our team aim to respond to your enquiry within 1 hour and aim to provide an indicative offer the same day.

2. APPRAISAL

You are contacted by your allocated account manager to discuss your loan requirements and arrange an appraisal with our specialists. We offer an online, home visit or alternative location appraisal service.

3. COLLECTION

Our in house logistics team arrange for your asset(s) to be safely collected by us, a courier service or one of our specialist logistics partners. The transportation method depends on location and asset type. Alternatively, you can arrange an appointment and bring your assets to us.

4. AGREEMENT

Your allocated account manager will work with you to structure a tailored loan agreement and confirm all the details with you. We also verify your identity to comply with anti-money laundering regulations.

5. COMPLETION

After the loan agreement has been finalised and signed, the funds are transferred to your bank account. The loan can then be redeemed anytime during the term. If you need to renew or extend, contact your allocated account manager to discuss your options.

We lend against a wide range of contemporary and vintage fine art paintings, sketches, and sculptures. This includes everything from a Jeff Koons rabbit to a Rembrandt etching. We consider many variables when appraising your fine art:

 

  • Asset specific factors – The uniqueness, condition, material and provenance.
  • Artist specific factors – The artist’s background and the strength of attribution.
  • Market specific factors – The current supply/demand balance and any recent comparable sale records.

If you use our specialist logistics service to have your fine art collected from your home, it will be fully insured against theft, damage and wear during transportation.

When fine art is at our appraisals centre it is handled under CCTV and photographed. Should the client choose to proceed with the loan, their fine art will be stored in our highly secure vaults or at one of our specialist partners’ facilities. Whether your fine art is stored in our highly secured vaults or at a partners’ facilities, they are routinely checked on and examined.

When fine art is with us, it is subject to specialist care. We guarantee fine art is returned to clients in either the same or an even better condition than before. With our ‘White Glove Experience’, a condition report is provided for each piece of fine art and it is wrapped in acid free paper and stored in custom-made protective packaging. Exceptionally high value pieces of fine art will be stored in custom-made wooden cases and where required, fine art is stored in dehumidified, temperature controlled environment.

CONTACT US

Our Business Development team is available to help with your enquiries.

FRequently asked questions

Your questions answered.

Why loan against your fine art?

You can access funds immediately without needing to sell your fine art. The loan is secured against your fine art which remains under your ownership for the duration of the loan. When you redeem the loan, your fine art is returned to you.

Furthermore, you can utilise existing pieces in order to grow your art portfolio either through acquisition finance, a sale and consignment advance or short term finance from a lender like us. By using your art collection as a form of collateral, you give yourself the opportunity to grow a valuable collection without selling any existing pieces. As the value of art can be expected to increase over time, art financing can be a lucrative way to release valuable capital and further other alternative investments.

How SPECIFICALLY does Sale Advance work?

1. Our in house experts, extensive network of auction houses and external appraisers value your luxury asset(s).

2. The estimated sale price is agreed, and the sales channel and the luxury asset is consigned for sale.

3. The client immediately receives a cash advance of up to 70% of the estimated sale price.

4. 3 -12 months later, the sale takes place, and the proceeds are distributed accordingly.

Do you conduct credit checks?

No credit checks are carried out. We only verify the identity of the client to comply with anti-money laundering regulations.

WHERE CAN I BORROW AGAINST MY FINE ART?

Suros Capital is based in London, however we can lend to clients across the UK and sometimes Europe. Please contact us to see if we can assist with your enquiry.

CAN I SELL MY FINE ART?

We offer a sale advance product for clients who are actively selling or thinking of selling their fine art, want to receive the best price but are looking to realise the value as quickly as possible and don’t have the time or expertise to arrange the sale.

The key features include:

– Immediate cash sum to release most of the asset value.

– Our expertise and extensive network ensure the sale goes through the right conduit (auction/private sale) to achieve the best price.

– Removes the hassle of organising the sale.

How is a bridge loan different to a sale advance or auction acquisition loan?

A bridge loan is when you use your luxury asset(s) as security for a loan. This prevents you from having to sell your luxury asset(s) as your item(s) is returned to you once the loan is repaid.

An auction acquisition loan allows you to take advantage of luxury asset investment opportunities by using our funding to complete auction house and private gallery purchases.

A sale advance loan is where you want to sell your luxury asset(s) and receive funds immediately rather than waiting for the sale to take place. You receive an immediate cash sum (up to 70% of the estimated sale price) immediately and we manage the sale process and ensure the sale goes through the right conduit (auction/private sale).

What LUXURY assets do you accept?

We accept a wide range of luxury assets including, but not limited to luxury and classic carsfine artwatchesjewellery and diamondsfine wine, antiques and gold.

Who will APPRAISE my Fine Art?

Fine art is appraised by our highly experienced and knowledgeable appraisals team who have worked for the world’s leading auction houses; Christie’s, Sotheby’s, Bonhams and Phillips. We also work with an extensive network of auction houses and external appraisal experts.

What types of art financing companies exist?

Funders fall into two main categories. Specialist lenders, who loan against art and other assets and banks, who as part of their service will give loans to their clients, using their art and/or other assets as collateral.

Banks
Raising funds conventionally from banks is likely to include checks on your financial status and that can be intrusive for those who do not want scrutiny and value their privacy. While some banks will lend against art specifically, it is likely that the maximum loan to value (LTV) will be no more than 40% of the valuation. If reputation is important then a bank can be a good choice but be aware of the scrutiny and if you want funding quickly, it might not be for you.

Specialist lenders
Some lenders are offshoots of mainstream banks and specialise in art lending. They also provide funding for auction houses which offer clients a means to purchase. Other specialists like us lend against a raft of luxury goods, including fine art. If you are looking for fast resolution then apart from an application form, there are no other checks. Once the art has been valued, funds are released on the same day.

What is art finance?

An art collection or part of it can act as a valuable source of collateral when a loan is needed for an immediate purpose. This can be particularly important when traditional sources such as banks cannot move fast enough to meet purchase deadlines. Using works of art as collateral, apart from a simple application form, there is no requirement to provide any personal income detail, undergo credit checks or to have any other personal information subject to scrutiny.

All that we require is an assessment and valuation of the asset(s) being offered as security for the loan. Using our network of qualified experts, valuations can be conducted at our London offices or the assessments can take place at the home of the client or wherever the asset is being stored.

If you are looking to find out more about art finance, please read our blog article on The Growth of Fine Art Secured Lending.

How large is the global art market?

According to Art Basel’s market report, between 2020 and 2021, the global art market grew by 29% with aggregate sales of art and antiques reaching an estimated $65.1 billion, surpassing pre pandemic levels. Since 2012, the Knight Frank Luxury Investment Index has shown that art has risen in value by 109%, so it is hardly surprising that art is considered to be not only a passion for lovers of the form but also a great investment.

How much will it cost?

Terms
All our loans are for 3 to 24 months. Maximum APR (including all fees) is 44.7%.

Representative Example
Loan amount of £100,000. Admin fee of 3%. Loan term of 6 months. Interest rate of 2% per month. 3 months paid interest upfront of £6,000. Net advance of £91,000. Total interest of £15,000 over 6 months. Representative APR is 36.4% (including all fees).

Call us today on 0800 038 5974

CASE STUDIES

Examples of how we have supported clients.

We are a specialist lending company providing loans secured against luxury assets. The group we are part of has lent over £200 million against luxury assets since 2010, and we are funded by Crestline Investors, Inc.(‘Crestline’), an institutional alternative asset manager.

Official Finance Partner of the Aston Martin Owners Club

© 2023 Suros Capital – all rights reserved. Suros Capital is a trading name of Hopkins & Jones Limited who are authorised and regulated by the Financial Conduct Authority. Firm reference number 731198. Hopkins & Jones Limited is registered in England under company number 433606. Registered office: 127 Victoria Street, London SW1E 6RD. VAT number: 238 8280 37.

Official Finance Partner of the Aston Martin Owners Club

© 2023 Suros Capital – all rights reserved. Suros Capital is a trading name of Hopkins & Jones Limited who are authorised and regulated by the Financial Conduct Authority. Firm reference number 731198. www.suroscapital.co.uk is a site operated by Hopkins & Jones Limited, registered in England under company number 433606. Registered office: 88 Fleet Street, London EC4Y 1DH. VAT number: 238 8280 37.