Art Lenders calls margin as painting prices fall

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The best art debts took more pictures for more pictures than borrowers, because the value of the hostages was blocked in an art market slowed by an art market.

Specialist loans in the $ 40 billion sector asked the borrowers to change the cash in their loans, or more expensive works of art.

Get security for art lenders, including Sotheby and Christie, as a security works on borrowers, so he can take tracks in the default position and sell tracks.

A financial area with a financial area, a report evaluated in 2023, the total amount of art kits by the end of this year will grow up to $ 40 billion, potentially pledged as a cotential.

Sotheby, a $ 1.6 billion loan book, has launched a bond supported by art loans last year, because in the last 24 months, there are very few categories of art, Sotheby’s financial services, Scott Milleisen.

Christie, a global managing director of the Margin-Call Activities, which has a special loan book of $ 600 million, saw the “reputable” sample of “Margin-Call activity”.

“Most of us have settled with cash, but if others have something they wanted to do, but others have provided anyone. Ganepola.

Creditors said the margin of margin in the financial sector of the art was relatively rare. Banks Ideally tried to prevent the margin of calling their customers by notifying a gap in advance.

“Whether any artist has to market or a conversation or a conversation, both the paintings.

However, despite a higher interest rate environment in a softening market, a higher interest rate environment, despite a higher interest rate environment, said that the increase in the increase in the article.

The sale of the art market was reduced to $ 65 billion in 2023, according to Art Basel and UBS art, more than $ 10 million in auction, especially in auction. Last year, Sotheby’s total sales fell to 23 percent, 6 billion dollars, Christie decreased to $ 6.1 billion for $ 6.1 million.

Collectors do not want to use low prices, “a way to create something out of something sitting in something sitting”, Nishi Somema, Goldman Sachs deposits and savings in Goldman Sachs

Lenders usually seek more than 200,000 – 250,000 $ and more than one artist from more than one artist to avoid the risk of concentration and prefer immorality and modern work without a record of a proven auction.

Christian Chief Operating Director Ben Gore, “Some of the furniture or hours or hours or more of the esoteric categories will lend to jewelry,” he said.

However, even if the art market is strong, the borrowers may want more pledge. Gore said: “Even in powerful markets, sometimes some artists see the cost of some artists and whims to the markets.”