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�.