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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)

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Filed Under: Economic Trends Tagged With: Art Capital Group

About Marion Maneker

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