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Million-dollar sales boost art loan industry

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Million-dollar sales boost art loan industry

“Art lending business is booming”, according to the first comprehensive poll of the industry, conducted by the research firm Skate’s and due for publication on Tuesday, 4 August. The report calculates that art loans could account for more than $10bn in 2015, at least twice the 2011 level, and could grow to become a $100bn market.

Driving business is the growth of art sales at the top levels—where lenders feel confident that a work could retain most of its value over the longer term. Skate’s identifies the $1m-$5m and the over $20m ranges as “the most liquid art-market segments today”.