Carlyle and Banque Pictet have announced plans for an art market venture that will provide funding for collectors in exchange for up to 50 per cent of the value of the art.  “We will drive the institutionalization of this huge market. By introducing more liquidity to the market, we think the cost of capital for these assets will go down and the value will go up,†said Oliver Sarkozy, of Carlyle’s Global Financial Services Fund, and who is investing in the project. “Leverage generally means asset prices inflate.â€
Read more at Financial Times
