Freezing Credit Markets Force Rich People To Finance Against Fine Art
Mar 22nd 2020 7:00pm EDT
Freezing Credit Markets Force Rich People To Finance Against Fine Art With global equities and commodities crashing, the ultra-wealthy are increasingly requesting financing against fine art as a way to build liquidity. Bloomberg notes that a New York client of Fine Art Group requested financing against a $10 million painting by Jean-Michel Basquiat as the stock […]
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