Tuesday, May 26, 2026

Art auction houses muscle their way into the loans business

With art becoming recognized almost as much for its investment value as for its esthetics, art auction houses including industry powerhouse Sotheby’s have entered the art loans business. The loans component has even progressed to the point of reselling art loans to investors. AS CNBC points out, investors should be aware of the risks of using art as an investment product.

 

https://www.cnbc.com/2021/02/25/the-wealthy-are-borrowing-billions-against-their-art-collections-.html

BIG Media
BIG Media
Our focus is on facts, accurate data, and logical interpretation. Our only agenda is the truth.
spot_img

BIG Wrap

How Saudi Arabia’s spending spree reached the end of the line

(BBC News) Autocratic monarchs once left an echo of their glory in the ruins of the megaprojects they commanded at the peak of their...

Russia warns foreigners to leave Kyiv as it prepares ‘systematic strikes’

(Al Jazeera Media Network) Russia has warned it plans to launch a “series of systematic strikes” on defence industrial facilities in Kyiv, and urged...