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Articles in the Press

 
  Edward Schwartz is photographed with some of the art that are in his and his wife Marla's, personal collection, on June 21, 2017.    Photo by Fred Lum, The Globe & Mail

Edward Schwartz is photographed with some of the art that are in his and his wife Marla's, personal collection, on June 21, 2017. 

Photo by Fred Lum, The Globe & Mail

The Globe and Mail: "How investors are using their art collections to shore up cash"

You've heard of investors leveraging their homes or investment portfolios to shore up some extra cash, but what about their art collection?

Companies such as Sotheby's, specialty finance firms such as Art Finance Partners and some U.S. banks have been offering loans to international art collectors for years, but the alternative form of financing is just starting to gain traction here in Canada.

Toronto-based Lono Fine Asset Lending is said to be the first company of its kind in Canada to offer loans for art.

 

Canadian Art: Art Loans Offer the Best of Both Worlds

It’s no surprise to any art lover that art can be a significant investment. According to a 2016 report by consultancy firm Knight Frank, more investors are allocating resources to the “collectibles” category, which includes art. However, creating liquidity can be a concern for many collectors. Art is a store of value—an asset that can be enjoyed and monetized. The question now becomes, how can you best access your art equity? In other terms, how do you turn your art into readily available dollars?