Art finance
New initiative between Art Money and Christie’s will allow collectors to bid at auction and pay over time in instalments
Bidders will be able to pay for art over ten months instead of all at once
Scheme to sell fractions of Banksy’s Valentine’s Day Mascara could be illegal, lawyer says
Online company managing the Margate mural, intended as a comment on domestic abuse, has already sold more than £250,000 in shares
Art market wobble: what happens if banks go bust?
Plus, hip hop in Baltimore and Juan de Pareja, the artist enslaved by Velázquez
Turmoil at First Republic could jeopardise the bank’s art world sponsorships
The San Francisco-based bank is a corporate partner at museums across the US
Bank on it: Milan exhibition explores the long and mutually beneficial history of art and finance
From Michelangelo to Morandi and the Medici to the Rothschilds, a Gallerie d’Italia show looks at the relationship between artists and their patrons
Would you invest in art without seeing it? New scheme invites users to buy into securitised—but unnamed—art loans
Service offered by the New York-based alternative investment platform Yieldstreet promises healthy returns to investors willing to buy "blind"
Christie’s launches venture capital fund for art tech startups with a focus on NFTs
Move follows concerted drive by the auction house to gain ground in the blockchain and fintech domains
Art Basel parent company MCH refinances and regroups after being hit hard by the pandemic
As Swiss fair returns to its traditional June dates, the organisation is growing its fair portfolio
Advisory group Gurr Johns launches art lending arm
The art lending market has tripled in size in eight years and is now worth more than $24bn
'Choose your unicorn: why angel investors are ploughing millions into art startups'
Tech-led art businesses are starting to attract venture capitalist funding, with the NFT platform MakersPlace recently gaining $30m investment
Hedge fund manager Alexander Klabin buys stake in Sotheby's financing arm
Now the chairman of Sotheby's Financial Services, Klabin was previously approached to back a competing offer to block last year's buyout of the auction house by Patrick Drahi
We need to talk about guarantees. And art loans
Dealers who finance deals by taking out loans against art may well find themselves in difficulty because of the Covid-19 pandemic
Piece by piece: the issues with fractional ownership of art
Billed as the next big thing, schemes to sell shares in works of art have yet to excite the market
Funding Secure goes into administration after borrowers including London art dealer fail to pay back loans
Matthew Green owes the firm around £3m, according to legal documents filed by the peer-to-peer lender
Another shake-up in art finance sector as Athena sold for $170m
New owner, digital investment platform YieldStreet, calls art finance an "exciting and sound new investment option" with low correlation to the stock market
The Fine Art Group buys Falcon Fine Art as art finance industry consolidates
Terms and cost of the Falcon buy have not been revealed but deal includes the "purchase of over 10 loans” with borrowers in the EU, Australia and the US