ART FINANCING

The need for art secured lending has grown over the last ten years as UHNWIs have increased their allocation to tangible assets, and in particular to art. Art secured lending enables art collectors to leverage on their collections in order to obtain liquidity, while avoiding an outright sale as well as related transaction costs and tax implications. 

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Our company acts as sole adviser to Griffin Art Partners, a securitisation platform providing high-end non-recourse loans collateralised entirely by works of fine art. Griffin Art Partners operates in Luxembourg, Switzerland, the United Kingdom and multiple European jurisdictions

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Eligible artworks range from Old Masters to Contemporary Art and need to meet pre-determined eligibility criteria. Financing is offered on a non- recourse basis (solely based on the value of the relevant work of art) thereby allowing for greater flexibility regarding the use of proceeds, while ensuring total confidentiality.

 

Griffin Art Partners has the ability to operate under the main European jurisdictions including Switzerland and the United Kingdom

 

Loan main characteristics:

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  • Minimum loan size : EUR 1,200,000

 

  • Minimum value per artwork : EUR 100,000

 

  • Loan term : 1-3 years

 

  • Loan to Value : up to 50%

 

  • Basis : non-recourse (no personal guarantee required)

 

  • Art Periods : from Impressionism to Contemporary Art

 

  • Feedback on artworks eligibility : 48 hours

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  • Interest rates : mid to high single digit

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For more information visit: www.griffinartpartners.com