Sunday, July 6, 2025

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

Dozens dead in Texas flash flooding as rescuers search for missing children

(Al Jazeera Media Network) Rescuers in the US state of Texas are scrambling to locate more than two dozen children still missing from a...

Rwanda president warns against ‘tricks’ that could derail peace deal

(Al Jazeera Media Network) Rwandan President Paul Kagame has cautiously welcomed a United States-brokered peace deal with the Democratic Republic of the Congo (DRC), while...