How can I take a short term loan against my art collection and how can I protect any piece on loan to a gallery, charity, museum or company?
With the financial impacts of COVID-19, many are looking at ways to gain quick access to liquidity, which can include loans against art and collectables.
While this isn’t the cheapest access to finance and loans are not the cheapest form of borrowing, it is all possible.
You will need to think about who owns the assets ahead of processing with the loan.
We have long been experienced in this field so are liaising with a number of trusted contacts over the availability of short term funds secured over alternative assets during this period of stock market turmoil. We are confident that opportunities are still available and would be happy to discuss those options with clients and make introductions if the need arises.
Here are some ideas to think about ahead of proceeding.