Kelly Crow reveals the growing size of the art loan market in the Wall Street Journal:
Art Capital Group expects to dole out as much as $300 million worth of new art-backed loans this year, up from $120 million last year and $60 million five years ago. Citi Private Bank said its top clients also increased their borrowing against their collections to as much as $100 million last year, up from a typical maximum loan of $20 million a decade earlier.
The Art World’s Gordon Gekko (Wall Street Journal)
