Bloomberg’s Katya Kazakina is all over Peter Brant’s art loan with new details added over the weekend:
Deutsche Bank Trust Co. Americas disclosed in a filing last month with the Connecticut Secretary of State that it received five works of art from Brant under a borrowing and security agreement dated July 31. The collateral includes a 1986 version of Warhol’s “Last Supper” that is identical to a piece that sold at Sotheby’s for $6.8 million almost two years ago as well as a color photograph byCindy Sherman that sold for $2.9 million at Christie’s in May.
According to a separate September filing with New York state, Brant also pledged a 1963 Warhol work entitled “Merce” to Joseph Allen, his cousin and former business partner at White Birch. The 82-inch by 81.5-inch silkscreen of the late dance director Merce Cunningham sold in 1989 for about $2 million and is now worth $25 million to $35 million, said a person familiar with the piece who requested anonymity because the information is private.
Baron Brant Pledges Warhols to Revive Family Business (Bloomberg)
