Borrowing Against Beauty: The New Era of Art Credit
The Art Basel and UBS Art Market Report recorded a 12% decline in the global art market in 2024, a downturn that has accelerated the use of art-backed lending. This decline parallels the increasing size of the art-backed loan market, which is expected to increase by 20%, from $40 billion to $50 billion by 2027 (Deloitte Private and ArtTactic Art Report). The spike in loans is due to collectors’ reluctance to sell at low prices and adhere to the sentiment of the market. These loans are a…
