Art Market Monitor

Global Coverage ~ Unique Analysis

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

US Trust Pushes Art Loans; UBS Likes Art as Inflation Hedge

January 18, 2011 by Marion Maneker

Financial adviser Gail Liberman talks about Art investment in her Palm Beach Daily News column:

  • An art loan may prove less volatile than a margin loan, suggests John Arena, senior vice president for U.S. Trust, Bank of America Private Wealth Management, New York. Some clients may even use an art loan to help postpone paying taxes that otherwise would be owed if an artwork were sold. New Yorkers, he says, have leveraged art to buy bargain-priced real estate and avoid that area’s real estate recording tax. […] At U.S. Trust, art loans, Arena says, have a floating rate, based on the LIBOR, and are quietly customized, largely based on the client’s risk, banking relationship and term.
  • Craig Price, senior vice president of UBS’ Price Wealth Management, Palm Beach, suggests that clients keep 10 percent to 15 percent of assets from which they don’t need to earn income in art. “There are a lot of positive things coming together right now,” Price says, citing rising global demand. He especially likes art as a hedge against inflation.

Is Art the Next Investment Craze? (Palm Beach Daily News)

More from Art Market Monitor

  • Moore’s Paper ProfitsMoore’s Paper Profits
  • Christiansen: Plinth Bores MeChristiansen: Plinth Bores Me
  • The News from Big Pink: Asia Remains Force Behind Colored Diamond MarketThe News from Big Pink: Asia Remains Force Behind Colored Diamond Market
  • Sotheby's NY Mag Jewels $34.6mSotheby's NY Mag Jewels $34.6m
  • Sotheby's Burns Down LondonSotheby's Burns Down London
  • Christie's Koons Winter BearsChristie's Koons Winter Bears

Filed Under: Economic Trends

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

  • $10 M. Picasso Portrait Unseen for Decades to Sell at Bonhams
  • Vienna Secession Painting, Long Thought to Be Lost, Sets a Record at Auction
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Restituted Van Gogh Portrait from London Collection to Sell at Christie’s
  • Tony Podesta's Secret Art Buying
  • Collection of Texas Heiress Anne Marion Expected to Fetch $150 M. at Sotheby’s
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • After Pandemic’s Rapid Change, Sotheby’s Has 8 Predictions for 2021
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Matthew Wong, Joy Labinjo, Vaughn Spann to Star in Phillips’s ‘New Now’ 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