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August 4th, 2015 - 01:10 PM
“Art lending business is booming”, according to the first comprehensive poll of the industry, conducted by the research firm Skate’s and due for publication on Tuesday, 4 August. The report calculates that art loans could account for more than $10bn in 2015, at least twice the 2011 level, and could grow to become a $100bn market.
Driving business is the growth of art sales at the top levels—where lenders feel confident that a work could retain most of its value over the longer term. Skate’s identifies the $1m-$5m and the over $20m ranges as “the most liquid art-market segments today”.
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