Tuesday, December 5, 2023

Covid, art loans, and guarantees

It seems inevitable that others who traded on this basis—loans against art—may find themselves in difficulty because of the Covid-19 pandemic. We have already heard numerous reports of discounting, and with lower prices, borrowers may struggle to pay back their debts.

A shrinking market could also have an impact on another strategy, that of betting on art via auction guarantees.

More here.


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