Art finance

Financial arrangements regarding the buying and selling of art have their roots in old-school pawnbrokers. Practices have greatly developed over the years and now encompass art loans and guarantees underwritten by auctioneers or third parties.

Jane Austen ring donation

19 August 2013

An appeal to keep in the UK a ring once owned by Jane Austen received an anonymous £100,000 donation just days after it was launched.

Auction revenues jostle for space alongside loans and private sales at Sotheby’s

14 August 2013

Global sales for the first half of 2013 at Sotheby’s totalled $3.14bn (£2.05bn), their latest set of results reveal.

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French auction results show Contemporary art at the forefront

05 August 2013

Several of the main French auction firms and French branches of international houses have produced their half-year sales figures.

Christie’s see global sales rise

29 July 2013

The hiking of premiums in March does not appear to have put buyers off at Christie’s.

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Fangio's Mercedes roars to £17.5m record

29 July 2013

In 1987 the BBC interviewed Daimler-Benz’s former chief engineer, Rudi Uhlenhaut, and asked the 81-year-old about the firm’s post-War return to serious motor racing in the 1954-55 period.

Recovery more muted say London art dealers

18 July 2013

Business is continuing to improve but the rate of recovery has slowed among London’s fine art dealers, their trade association’s latest survey reveals.

Business better at the top, BADA survey reveals

03 July 2013

Business is best if you are at the top of the tree, according to the latest survey published by the British Antique Dealers’ Association.

Gold prices down

01 July 2013

The price of gold has continued to drop, falling to its lowest level in almost three years, after the US Federal Reserve said it will be winding down its quantitative easing programme.

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Good vibes arrive from the East

19 June 2013

There was a good vibe around the Asian art sales this year.

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£7m Madonna helps Russian art to reach a five-year high

07 June 2013

The latest series of Russian art auctions in London set a combined hammer total of £42.7m to make it the most lucrative since the market peaked in June 2008.

Services at borro evolve as art loans more than treble

28 May 2013

Paul Aitken, CEO of asset loan specialist borro, has revealed that art and antiques now account for 42% of the company’s loan book by value, with the more traditional asset loan categories of jewellery, watches and gold accounting for 48% and luxury and classic cars 10%.

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Christie’s toast ‘highest total in auction history’

16 May 2013

Christie’s evening sale of Contemporary art in New York last night posted a hammer total of $435.5m (£294.2m).

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Silver snail – the ‘trump piece’ bid to £8200

13 May 2013

Holding a major silver sale days after the melt price has plummeted by about £3 an ounce is hardly ideal timing.

Sotheby’s take short-term hit as business develops and lot values rise

13 May 2013

Sotheby’s lost $22.3m from January to March 2013, more than twice the amount for the same period in 2012.

Trade remains firm as gold price falls

22 April 2013

Fear that the dramatic fall in scrap gold and silver prices last week would hit the antiques market appear to have been allayed.

Appeal Court ruling deems Reynolds masterpiece a wasting asset after long-term loan

04 April 2013

How do you convert a £9.4m Old Master painting into a capital gains tax-exempted “wasting asset”?

Customs figures reinforce UK’s status in international art market

25 March 2013

The annual cross-border customs figures have reinforced the United Kingdom’s status as one of the world’s two leading entrepot markets for art and antiques.

Global art market valued at €43bn

15 March 2013

The latest TEFAF market report values the global art market at €43 billion for the last year. The figure was 7% down the previous year, but the fall is wholly explained by a €3.5bn decline in sales in China.

Christie’s bid to squeeze more out of premiums

27 February 2013

Christie’s have announced a new buyer’s premium structure that points to a period of heightened competition.

Art trade holds strong says Richard Green

19 February 2013

Leading Bond Street picture dealer Richard Green has made a stand for traditional art dealing and bricks-and-mortar galleries amid wider concern over the future of the trade.



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