Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Art Capital Group Expects 150% Rise in Loans

January 29, 2010 by Marion Maneker

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)

More from Art Market Monitor

  • Executioner's Song: Leibovitz's Woes ContinueExecutioner's Song: Leibovitz's Woes Continue
  • Art Capital Group Negotiates with Goldman Sachs Through BloombergArt Capital Group Negotiates with Goldman Sachs Through Bloomberg
  • Aggressive Art Capital GroupAggressive Art Capital Group
  • NPR on Leibovitz Finance TroublesNPR on Leibovitz Finance Troubles
  • Gawker Fingers Si in Leibovitz LoansGawker Fingers Si in Leibovitz Loans
  • The Creditor Who Pushed AnnieThe Creditor Who Pushed Annie

Filed Under: Economic Trends Tagged With: Art Capital Group

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • After Pandemic’s Rapid Change, Sotheby’s Has 8 Predictions for 2021
  • A Season of Improvisation: Fall 2020 New York Modern and Contemporary Art Auction Analysis
  • Tony Podesta's Secret Art Buying
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Basquiat's Last Girlfriend
  • How to Chant Like an Auctioneer
  • Phillips Includes $2.5m Norman Rockwell Painting in November Evening Sale
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor