Art Lending Set for Record Highs in Coming Years

August 5th, 2015

Auctions in Tehran, via GuardianAs the art market continues to boom, the business of art lending is seeing an equally impressive bump, with early 2015 estimates by Skate’s noting that lending could top$10 billion in 2015, at least twice as much as its last survey in 2011, and may very well grow to $100 billion.  The statistics note a major impact from Sotheby’s, which recently spun off its finance wing and which claims it can lend up to £1.3bn against art.Read more at Art Newspaper