The Beauty of Liquidation Without Loss
The unique and rare beauty of fine art is what lends to its intrinsic value, and understandably why many collectors and art professionals are reluctant to generate capital through hasty sales of their works. With Borro Private Finance, clients have alternative financial options, either temporarily releasing equity while ultimately retaining ownership and control or receiving capital in advance while we manage their asset’s consignment.
Our services allow clients to release capital to expand collections, acquire rare finds or accommodate any immediate liquidity need. And with our network of art specialists, appraisers and conservators, clients can rest assured their works are handled and valued appropriately.
- Minimum Loan: $100,000
- Typical Terms: 3 to 24 months
- Indicative Loan-to-Value: 40-50% of asset value
Post-War & Contemporary Art, Impressionist & Modern Art, Prints & Multiples, Modern & Post War British Art, American Art, 19th Century European Paintings, Victorian, Pre-Raphaelite & British Impressionist Art
Fine Art valuation takes into account the artist, uniqueness and provenance of the piece, strength of attribution and supply/demand balance, as well as market data we obtain from auction, gallery and private-sale records. Clients must also provide proof of ownership, documentation of authenticity and provenance, as well as dimensions and any additional details of note.
Logistics, Security & Insurance
With Borro Private Finance, clients have the confidence of insurance and exceptional care and handling of luxury assets during transport, appraisal and storage.
Depending on the progress of the valuation process, luxury assets are insured at either the Replacement Cost or the valuation provided by Borro Private Finance’s experts
There are several options to safely get assets to Borro Private Finance, including: insured mail services, courier collection* or personal drop-off
In special cases, bespoke arrangements can be made to transport client's fine art*
For storage, each item is barcoded with a unique ID and facility storage number, photographed and kept in secure, climate-controlled environments with 24/7 monitoring *Fees may apply
- 6-Month Term Loan
- 12-Month Term Loan
- Sale Advance Loan
- Acquisition Financing
SYNOPSIS: A client’s husband had passed away, bequeathing her millions in fine art assets. With an urgent need for funding to cover legal costs under threat of cessation, she secured a $720,000 loan on her newly acquired art within 48 hours.
- Funding: $720,000
- Asset Class: Fine Art (Post War)
- Timeframe: 48 Hours
- Referral: Property Broker
SYNOPSIS: Client needed funds to refinance an existing loan with an auction house. Borro Private Finance was able to provide a $7.5 million loan against two pieces of Post War and Contemporary art and closed within two weeks.
- Funding: $7.5 million
- Asset Class: Fine Art (Post War and Contemporary)
- Timeframe: 2 Weeks
- Referral: Attorney
SYNOPSIS: A client already had works consigned for sale at a major auction house and wished to expedite their payment timeframe, which can take up to 60 days. Using the auction house’s values, Borro Private Finance overlaid a consignment contract, providing the client an advance of $650,000 allowing the assets to remain with the auction house and the sale to proceed as planned.
- Funding: $650,000
- Asset Class: Fine Art (Old Master)
- Timeframe: 1 Week
- Referral: Attorney
SYNOPSIS: A New York-based client wished to access additional capital to expand his fine art collection by securing a loan against a high-value piece located in Hong Kong. Within three weeks, Borro Private Finance arranged for secure international transport of the asset to our London office and funded a $1.1 million loan.
- Funding: $1.1 million
- Asset Class: Fine Art
- Timeframe: 3 Weeks
- Referral Source: Art Advisor